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Learn about sending to "bc1" addresses in the Bitcoin.com Wallet app
Written by Farhan
Table of contents
Bitcoin.com Wallet app supports sending BTC to native segwit addresses starting in bc1.
There are 2 types of segwit addresses. Native segwit (address starts with bc1) and non-native (address starts with 3). The Bitcoin.com Wallet app supports both. Please refer to this guide for sending Bitcoin (BTC).
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In the context of the provided article on sending Bitcoin to "bc1" addresses using the Bitcoin.com Wallet app, let's break down the key concepts involved:
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Native Segregated Witness (SegWit) Addresses: The article mentions the support for sending Bitcoin to native segwit addresses starting with "bc1." SegWit is a protocol upgrade implemented to address scalability issues in Bitcoin. Native SegWit addresses, also known as bech32 addresses, start with "bc1." These addresses offer improved efficiency in terms of transaction processing and reduced fees compared to non-SegWit transactions.
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Types of SegWit Addresses: The article differentiates between two types of SegWit addresses: native segwit (starting with "bc1") and non-native segwit (starting with "3"). Native segwit addresses are more space-efficient, providing additional benefits in terms of reduced transaction fees.
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Bitcoin.com Wallet App Support: The Bitcoin.com Wallet app is highlighted as supporting both native segwit addresses (bc1) and non-native segwit addresses (3). This support is crucial for users who want to take advantage of the benefits offered by SegWit transactions.
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Sending Bitcoin (BTC) Guide: The article suggests referring to a guide for sending Bitcoin (BTC) using the Bitcoin.com Wallet app. This implies that the wallet app has specific features or steps users should follow when sending BTC, especially when dealing with native segwit addresses.
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User-Friendly Interface: The inclusion of a guide suggests that the Bitcoin.com Wallet app prioritizes user education and provides a user-friendly interface, ensuring that users can navigate the process of sending Bitcoin seamlessly.
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Confirmation of Understanding: The concluding question, "Did this answer your question?" indicates a commitment to user support and engagement, ensuring that readers comprehend the information provided in the article.
In summary, this article from Bitcoin.com emphasizes the wallet app's compatibility with both native segwit and non-native segwit addresses, providing users with a versatile solution for sending Bitcoin while leveraging the efficiency benefits of Segregated Witness technology.
