Segwit | Replace-by-Fee

Segwit Addresses

What are segwit addresses? Transactions that spend bitcoins secured by segregated witness (segwit) use less block weight than equivalent non-segwit (legacy) transactions, allowing segwit transactions to pay less total fee to achieve the same feerate as legacy transactions.

Tested: on web

Tested on: 2019-06-27

Receive support

• Allows receiving to P2SH-wrapped segwit
  Allows the generation of P2SH-wrapped (either P2WPKH or P2WSH) segwit receiving addresses.

• Does not allow receiving to bech32 segwit addresses
  Does not allow the generation of bech32 native (either P2WPKH or P2WSH) segwit receiving addresses.

• Default receiving address is P2SH-wrapped P2WSH
  This service generates P2SH-wrapped P2WSH segwit receiving addresses by default.

Send support

• Does not allow sending to bech32 P2WPKH addresses
  Does not allow sending to bech32 P2WPKH native segwit addresses.

• Does not allow sending to bech32 P2WSH addresses
  Does not allow sending to bech32 P2WSH native segwit addresses.

• Not tested: Can bech32 addresses be used for change?
  We either didn’t test this or could not appropriately determine the results.

Usability

Click on a thumbnail for a larger image or to play its video.

Bitstamp receives deposits to P2SH-P2WSH addresses.

Bitstamp limits the characters available for an address so that bech32 addresses are impossible to enter in the textbox.

Replace-by-Fee (RBF)

What is Replace-by-Fee (RBF)? An unconfirmed transaction can be replaced by another version of the same transaction that spends the same inputs. Most full nodes support this if the earlier transaction enables BIP125 signaling and the replacement transaction increases the amount of fee paid. In terms of block chain space used, this is the most efficient form of fee bumping.

Tested: on web

Tested on: 2018-11-06

Receiving support

• Notification does not note RBF
  Notification of incoming transaction does not note that the transaction signals RBF.

• Received transaction not labeled replaceable in list
  Does not visually indicate that an incoming transaction has signaled RBF.

• Received transaction not labeled replaceable in transaction details
  Does not visually indicate that a received transaction has signaled RBF when viewing the transaction details.

• No unconfirmed transactions
  Neither the original nor replacement transactions are shown in the transaction list. Unconfirmed transactions are probably not supported.

Sending support

• Does not signal BIP125 replacability when sending transactions
  Does not allow sending of BIP125 opt-in-RBF transactions in the interface.

• Not tested: Does transaction list show whether sent transactions signal RBF?
  We were not able to test this because sending a BIP125 signaling transaction is not supported.

• Not tested: Does transaction details page show whether received transaction signals RBF?
  We were not able to test this because sending a BIP125 signaling transaction is not supported.

• Not tested: Are replacement and original sent transactions displayed?
  We were not able to test this because sending a BIP125 signaling transaction is not supported.

Usability

Click on a thumbnail for a larger image or to play its video.

Sending Transaction - Send transaction screen. No fee or RBF options. Transaction not sent via RBF.

Attempting Transaction Replacement - Transaction list screen with sent transaction. No bumping option since transaction was not RBF.

Receiving Transaction Signaling RBF - No transaction listed when original transaction broadcast.

Receiving Replacement Transaction - Only saw a transaction after the replacement transaction confirmed. Didn’t see original.