If you use a multi-chain address to send or receive crypto, you can choose faster and cheaper blockchains, such as Arbitrum or Optimism. This helps you save on gas fees and complete transactions more quickly.
In essence, your legacy and multi-chain addresses are the same address. If you plan to use Ethereum for your crypto transactions, you can ignore the multi-chain address.
The key difference between your legacy and multi-chain addresses is that your multi-chain address lists the blockchain networks you want to receive crypto on.
These illustrations show examples of address configurations in the Status multi-chain wallet.
A
A legacy address used solely for Ethereum.
B
A multi-chain address combining Optimism and Arbitrum sidechains.
C
A fully integrated multi-chain address, combining Ethereum and the Optimism and Arbitrum sidechains.
You can edit your multi-chain address to reflect your preferred chains for receiving crypto. For example, if you're using Ethereum mainnet and Optimism but not Arbitrum, your multi-chain address can show that preference.