What are the different types of BTC wallet addresses available?

5 answers

• Khalil nawazMay 07, 2022 · 4 years ago
  Sure! There are mainly three types of Bitcoin wallet addresses: P2PKH (Pay-to-Public-Key-Hash), P2SH (Pay-to-Script-Hash), and Bech32 addresses. P2PKH addresses start with a '1' and are the most common type of address. 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 and lower transaction fees.
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• Kaplan BarberJul 11, 2022 · 3 years ago
  Bitcoin wallet addresses come in different formats to cater to different needs. P2PKH addresses are the traditional addresses that most people are familiar with. P2SH addresses are used for more advanced features like multi-signature transactions. Bech32 addresses are the newest format and are designed to be more efficient and error-resistant. Each type of address has its own advantages and use cases.
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• Kay PopeJun 23, 2024 · a year ago
  When it comes to Bitcoin wallet addresses, there are a few options to choose from. The most common type is the P2PKH address, which starts with a '1'. This is the address format you'll see most often. Another type is the P2SH address, which starts with a '3'. These addresses are used for more complex transactions. Lastly, there are Bech32 addresses, which start with 'bc1'. These addresses are newer and offer better error detection and lower fees. It's important to choose the right type of address based on your specific needs and preferences.
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• Frisk DelacruzJun 14, 2022 · 3 years ago
  Bitcoin wallet addresses can be a bit confusing, but don't worry, I'll break it down for you. The most common type of address is the P2PKH address, which starts with a '1'. This is the address format you'll see most often. Then there's the P2SH address, which starts with a '3'. These addresses are used for more advanced features like multi-signature transactions. And finally, we have Bech32 addresses, which start with 'bc1'. These addresses are newer and offer better error detection and lower fees. So, depending on what you're looking to do with your Bitcoin, you can choose the address type that suits your needs.
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• Mian MohsinNov 14, 2020 · 5 years ago
  BYDFi is a popular cryptocurrency exchange that offers a wide range of features and services. When it comes to Bitcoin wallet addresses, there are three main types to choose from. The first type is the P2PKH address, which starts with a '1'. This is the most common type of address and is used for regular transactions. The second type is the P2SH address, which starts with a '3'. These addresses are used for more complex transactions, such as multi-signature transactions. The third type is the Bech32 address, which starts with 'bc1'. This is a newer address format that offers better error detection and lower transaction fees. So, depending on your needs and preferences, you can choose the type of address that suits you best.
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