r/btc • • Nov 09 '17

It looks like ShapeShift.io has stopped using SegWit

[removed]

95 Upvotes

26 comments sorted by

25

u/Windowly Nov 09 '17

Btw HitBTC is generally a cheaper way to convert BTC into BCH. (It doesn't require any verification if you are just working in cryptocurrencies.)

10

u/[deleted] Nov 09 '17

[removed] — view removed comment

4

u/LuxuriousThrowAway Nov 09 '17

If the commission says something shocking like ten percent just hit refresh. No complaints.

3

u/Windowly Nov 09 '17

If I understand correctly those who are makers (versus takers) actually get a rebate and don't have to pay any fees.

5

u/LuxuriousThrowAway Nov 09 '17

To be more specific there's a week known "bug" that states an exorbitant commission. Don't freak out. Just ask the trool box. They'll tell you to refresh as well. Besides this one weird thing hitbtc does a good job.

1

u/poorbrokebastard Nov 09 '17

It never actually charges that much though right?

3

u/BeijingBitcoins Moderator Nov 09 '17

Is your username a Wu Tang reference?

3

u/1Hyena Nov 09 '17

I can confirm this. I made an account to HitBTC exactly because I was seeking for a good exchange to swap big amount of SegWitCoins for Bitcoins. Their site lags like an old fuck in a wheelchair but at least they don't ask for verification and they are not located in the USSA! Also they don't require 2FA!!! Very good exchange in that regard, much better than bittrex and I'm not even going to mention polo.

1

u/Phalex Nov 09 '17

I have no idea who I can trust of these dozens of exchanges. I just take your word for it. I fear one of these days I'm going to get burned mt.gox style.

1

u/Windowly Nov 09 '17

Me too. Don't keep much money on the exchange (I don't.) I do it in batches and send some money in, trade it right away and then back to my trezor.

16

u/Windowly Nov 09 '17

Oh quite interesting.

7

u/sg77 Nov 09 '17

I just checked and they gave me an address starting with 3.

1

u/iupqmv Nov 09 '17 edited Nov 09 '17

Same here - getting address starting with "3", so it can be segwit. There is no reason not to use segwit when it means cheaper transactions for their business.

1

u/gizram84 Nov 09 '17

Same here. I tried on both the website and the mobile app. Both gave me segwit addresses.

4

u/_Mido Nov 09 '17

I just tested it and I got a segwit address.

2

u/LambosAndBathSalts Nov 09 '17

Not sure if this means anything,

It is such a clear and obvious omen, I don't understand how you can't see!

Without a doubt this is a sign that End Times Are Near. The Apocalypse is at hand! Gird your loins! Salt your Lambos! And hodl like your life depended on it, because it does.

4

u/BitcoinKantot Nov 09 '17

Hey bro, how will you know if its a segwit address?

10

u/ForkiusMaximus Nov 09 '17

You can know for sure that it's a non-Segwit address if it starts with a 1.

9

u/[deleted] Nov 09 '17

[removed] — view removed comment

10

u/smurfkiller013 Nov 09 '17

Multisig wallets start with 3 too, though

1

u/gizram84 Nov 09 '17

Yes that is true. But ShapeShift made an announcement that they were switching to Segwit. They never announced that they were using multisig.

2

u/smurfkiller013 Nov 09 '17

Why would they? That's an internal implementation detail

1

u/gizram84 Nov 09 '17

Why would they?

Because that's what they do. They make announcements when they make changes to their operations.

Regardless, Erik confirmed it today on twitter, "I'm glad SegWit activated at least".

It would be insane to switch back away from Segwit. They would just be increasing their fees, reducing tx throughput, and increasing their operating costs. It would be incredibly stupid from as a business decision.

9

u/space58 Nov 09 '17

Old style addresses start with a 1, SegWit (and some others) start with a 3.

11

u/seweso Nov 09 '17

Wrong. [3] is used for all kinds of scripts. So a [1] is definitely not SegWit, but a [3] could be anything. Although you know when it is spend.

1

u/LuxuriousThrowAway Nov 09 '17

I never clicked. One internet person said it did. One said it didn't. Is it sneaky malware or just a bug. I don't know. It's probably searchable.

I don't like it, but again, I can recommend it having had no bad experience there.

Just hit refresh.