Hello, I have a concern based on semi-technical article I read on local (Czech) news site.

    I have some Bitcoin in a cold storage address in the "old" format (starting with "1F…") that I have created in 2015. During the following 11 years, my BTC just sat there, with very few partial withdrawals (3 or 4 total). No "change address" was used, the remaining BTC are still in the same wallet. I do not intend to do anything with the remaining BTC in the near future, I just want them to sit there.

    Unfortunately, during those 10 years, I was less active in the Bitcoin scene and did not closely watch the developments and happenings in the world of Bitcoin. I just want to hold the remaining BTC for several more years, I don't need them now.

    My question is: Are my remaining BTC still reasonably safe in that old address or is there some truth to the rumor that "Old format BTC wallets are now at risk?"

    P.S: Of course, my private key from that wallet is securely stored and I am aware of the importance of it not being leaked / lost. That's not what my question is about.

    Question: Has the safety of the "old" Bitcoin address format been compromised in any way?
    byu/fuxoft inBitcoin



    Posted by fuxoft

    1 Comment

    1. Quirky-Reveal-1669 on

      So you have multiple UTXOs associated with one address. Regardless of the answer to your question: Why not consolidate your UTXOs to a Native Segwit address?

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