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I would like to use Segwit addresses however I seem to be finding mixed information on compatibility. As I currently understand it, older clients will not be able to send to a Bech32 address. Is this the case?
Per this development guide: https://bitcoincore.org/en/segwit_wallet_dev/ It sounds as if I should be creating P2SH-P2WPKH addresses for accepting deposits.
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As I currently understand it, older clients will not be able to send to a Bech32 address. Is this the case?
Yes. Bech32 addresses are a completely new address type and format. Because it is new, many clients currently do not have Bech32 support implemented or have not yet released a version supporting it.
It sounds as if I should be creating P2SH-P2WPKH addresses for accepting deposits.
Yes. For maximum compatibility, you should use P2SH-P2WPKH. Later you can transition to using Bech32 once more wallets implement support for Bech32 and it becomes widespread.
