Segwit P2SH addresses vs. legacy P2SH addresses
At this point in time, CoinJar does not support legacy P2SH Litecoin addresses - instead opting to use Segwit P2SH addresses. Many other exchanges such as Poloniex and Coinbase still don't support Segwit P2SH Litecoin addresses, and will refuse to send a Litecoin payment to a CoinJar-generated Litecoin address for this reason.
In this case, please use the official P2SH Litecoin address converter to exchange the Segwit P2SH Litecoin address generated by your CoinJar, into a legacy P2SH Litecoin address.
|First Character||Address Type|
|"3"||Legacy P2SH (deprecated)|
CoinJar will always provide an "M" address - using "M" addresses eliminates the risk of accidentally confusing it with a bitcoin address, which can begin with a "3".
Viewing your receiving litecoin address
In order to view your CoinJar's "receiving" litecoin address:
- Sign in to your CoinJar's Accounts.
- Select your 'Everyday Litecoin'.
- Next to the 'Actions' dropdown menu, select 'View address'.
Your CoinJar's receiving litecoin address will be provided as an alphanumeric string of characters, which can be copied and safely passed along to anyone looking to send litecoin to your CoinJar. If their device can scan QR codes, they can also use the QR code provided.
Receiving Payouts with CoinJar
Due to the way CoinJar's wallet system operates, it does not support payouts.
CoinJar uses various different addresses to send digital currencies - not the receiving wallet address you've generated in your CoinJar. As some external services are automatically configured to return payouts to your sending address, this can lead to funds not being returned to your CoinJar.
Due to this, we do not recommend you use your CoinJar for cryptocurrency mining or gambling websites. You can instead use an offline wallet for these payouts, and then transfer your funds to your CoinJar. If you have any questions regarding this, please reach out to our Support Team.
Updated : 14 Dec 2017 (AS)
Reviewed : 14 Dec 2017 (AS)