Will non-segwit addresses still be able to send bitcoin in 5+ years?

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My public address starts with 1,and I can currently spend the Bitcoin from it. However, as more and more transactions become only segwit based, will miners eventually just abandon verifying transactions sent from non-segwit addresses? Or am I safe to store my Bitcoin long-term in a non-segwit address?

Andrew Kor

Posted 2019-06-25T15:05:16.313

Reputation: 101

4Why would miners do that? Since they collect fees by confirming transactions, they have an incentive to be able to handle every kind of valid transaction. Of course, a transaction spending from your legacy address will be larger (in weight) than if it were segwit, so you can expect to pay a higher fee. But if you pay enough, I don't see why it couldn't be confirmed.Nate Eldredge 2019-06-25T15:08:43.267

No answers