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What are the different types of BTC wallet addresses and which one should I use?

avatarlenaDec 24, 2021 · 3 years ago3 answers

I'm new to the world of Bitcoin and I've heard about different types of BTC wallet addresses. Can you please explain what these different types are and which one I should use?

What are the different types of BTC wallet addresses and which one should I use?

3 answers

  • avatarDec 24, 2021 · 3 years ago
    Sure! There are mainly two types of BTC wallet addresses: legacy addresses and SegWit addresses. Legacy addresses start with a '1' and are the original Bitcoin addresses. SegWit addresses start with a '3' and are an upgraded version that offers lower transaction fees and increased capacity. If you're just starting out, it's recommended to use SegWit addresses as they are more efficient and cost-effective.
  • avatarDec 24, 2021 · 3 years ago
    Hey there! BTC wallet addresses can be a bit confusing, but don't worry, I got your back! The two main types are legacy addresses and SegWit addresses. Legacy addresses are like the OG Bitcoin addresses, starting with a '1'. SegWit addresses, on the other hand, start with a '3' and are the newer and cooler version. They offer lower fees and faster transactions. So, if you want to keep up with the latest trends, go for SegWit addresses!
  • avatarDec 24, 2021 · 3 years ago
    Well, when it comes to BTC wallet addresses, there are a few options to choose from. The most common ones are legacy addresses and SegWit addresses. Legacy addresses have been around since the beginning and start with a '1'. They work perfectly fine, but if you want to take advantage of some cool features like lower fees and faster confirmations, you might want to consider using SegWit addresses, which start with a '3'. It's always good to stay up-to-date with the latest advancements in the crypto world!