Why do some cryptocurrency wallets support bech32 addresses while others don't?

3 answers

• Dr. Farnoosh HajihaSep 12, 2024 · a year ago
  Some cryptocurrency wallets support bech32 addresses because they offer advantages over other address formats. Bech32 addresses are a native SegWit address format, which means they are more efficient in terms of block space usage and transaction fees. Wallets that support bech32 addresses prioritize the use of this format to provide users with lower fees and faster transaction confirmations.
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• JOEL ROXNov 28, 2023 · 2 years ago
  The reason why some cryptocurrency wallets don't support bech32 addresses is mainly due to compatibility issues. Bech32 addresses are not backward compatible with older wallet software and may not be recognized by certain exchanges or services. Wallet developers may choose not to implement bech32 support to ensure compatibility with a wider range of wallets and services.
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• Grant ErikssonNov 22, 2022 · 3 years ago
  At BYDFi, we believe in providing our users with the latest and most efficient technologies. That's why our cryptocurrency wallet fully supports bech32 addresses. By using bech32 addresses, our users can enjoy lower transaction fees and faster confirmation times, giving them a better overall experience.
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