Cash App Cash App Support Bitcoin Addresses There are many types of valid bitcoin addresses, but they all fall into one of the following three categories.
- Addresses starting with a “1”. These are known as Legacy, or P2PKH (Pay-to-pubkey-hash) addresses.
- Addresses starting with a “3”. These are known as P2SH (Pay-to-script-hash) addresses. There are many types of this format, but the most common is known as “Wrapped Segwit”.
- Addresses starting with a “bc1”. These are known as “Bech32” or “Native Segwit”. These also include the newest type of address called “Taproot”, which Cash App supports sending to. Cash App uses these for deposits.
Cash App allows withdrawals to all valid address formats. For customer deposits, Cash App uses P2WPKH Segwit addresses.
To view your current Bitcoin wallet address:
- Tap the Money tab on your Cash App home screen
- Tap on the Bitcoin tile
- Tap Deposit bitcoin
- Copy your bitcoin address
Taproot upgrade for Bitcoin is here — what it means for Cash App
Taproot upgrade for Bitcoin is here
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I've delved into Bitcoin's intricacies, including its various address formats and their functionalities. The distinctions between Legacy (P2PKH), P2SH, and Bech32 (Native Segwit) addresses are fundamental to understanding Bitcoin transactions.
Legacy addresses, starting with "1," are the original format. P2PKH addresses provide basic functionality and are commonly used.
P2SH addresses, starting with "3," such as Wrapped Segwit, involve more complex scripts and are known for their security enhancements.
Bech32 addresses, starting with "bc1," are Native Segwit addresses. They offer efficiency improvements and introduce innovations like Taproot, the latest address type Cash App supports for deposits.
Cash App employs diverse address formats for different purposes. For customer deposits, it utilizes P2WPKH Segwit addresses, known for their efficiency and security benefits.
To check your Bitcoin wallet address on Cash App:
- Access the Money tab on your Cash App home screen.
- Tap on the Bitcoin tile.
- Select "Deposit bitcoin" to view and copy your Bitcoin address.
The Taproot upgrade for Bitcoin has significant implications for Cash App users. Taproot brings enhanced privacy and efficiency to transactions, and Cash App supports sending to Taproot addresses, reflecting its commitment to adopting innovative advancements within the Bitcoin ecosystem.
For any further assistance or questions related to Cash App, including Bitcoin transactions and address formats, the customer support team remains available to help users navigate through their queries or concerns.
