What are the different types of btc addresses?

5 answers

• fun with virat chota muh badiApr 09, 2024 · a year ago
  Sure! There are three main types of Bitcoin addresses: P2PKH (Pay-to-Public-Key-Hash), P2SH (Pay-to-Script-Hash), and Bech32 addresses. P2PKH addresses are the most common and start with a '1'. P2SH addresses start with a '3' and are used for more complex transactions. Bech32 addresses start with 'bc1' and are a newer address format that offers better error detection. Each type of address has its own advantages and use cases.
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• SherryAug 11, 2023 · 2 years ago
  Bitcoin addresses can be a bit confusing, but let me break it down for you. P2PKH addresses are the original and most widely used type. They start with a '1' and are compatible with most Bitcoin wallets. P2SH addresses, on the other hand, start with a '3' and are used for more advanced features like multi-signature transactions. Bech32 addresses are the newest type and start with 'bc1'. They are more efficient and have better error detection. So, depending on your needs, you can choose the type of address that suits you best.
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• GantaroneeDec 29, 2023 · 2 years ago
  When it comes to Bitcoin addresses, there are a few different types to be aware of. The most common type is the P2PKH address, which starts with a '1'. This type of address is used for regular transactions and is compatible with most Bitcoin wallets. Another type is the P2SH address, which starts with a '3'. P2SH addresses are used for more complex transactions, such as multi-signature or time-locked transactions. Lastly, we have Bech32 addresses, which start with 'bc1'. These addresses are a newer format and offer better error detection. They are also more efficient in terms of transaction size. So, depending on your specific needs, you can choose the type of Bitcoin address that works best for you.
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• Rishabh SorocoJun 30, 2024 · a year ago
  BYDFi is a popular decentralized exchange that supports various cryptocurrencies, including Bitcoin. When it comes to Bitcoin addresses, there are three main types: P2PKH, P2SH, and Bech32 addresses. P2PKH addresses start with a '1' and are the most commonly used type. P2SH addresses start with a '3' and are used for more complex transactions. Bech32 addresses start with 'bc1' and are a newer address format that offers better error detection. Each type of address has its own advantages and use cases, so it's important to understand them when dealing with Bitcoin transactions.
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• Samuel CalderonJan 27, 2022 · 4 years ago
  Bitcoin addresses can be a bit confusing, but don't worry, I'll explain it to you. There are three main types of Bitcoin addresses: P2PKH, P2SH, and Bech32 addresses. P2PKH addresses start with a '1' and are the most common type. P2SH addresses start with a '3' and are used for more advanced transactions. Bech32 addresses start with 'bc1' and are a newer format that offers better error detection. Each type of address has its own advantages and use cases, so it's important to choose the right one for your needs. If you have any more questions, feel free to ask!
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