You may have heard of the new LTC SegWit address format, and we have too. Due to this new update, we want to clarify what types of addresses ShapeShift utilize.
Litecoin has recently updated the prefixes of their P2SH addresses that begin with a '3' to addresses that begin with an 'M.' This change was made to stop confusion between BTC and LTC's P2SH addresses, which used to be able to have the same '3' prefix. This does not affect all LTC addresses, as the 'L' prefix LTC legacy addresses (non-SegWit) will stay the same.
ShapeShift currently is able to send LTC to addresses which begin with an 'L', '3', and 'M'.
Did you know? The new ShapeShift is coming! Sign up to be one of the first to explore ShapeShift’s new beta platform.
SegWit will be supported in the new platform. It’s in the testing phase at the moment and being slowly rolled out. Once testing is complete, it will be available for all users on the platform.
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