Bitfinex Adds Support for SegWit Addresses for Outbound Bitcoin Transactions The Bitfinex cryptocurrency exchange this Tuesday announced the addition of support for Bitcoin withdrawal to Bech32 addresses with support for Segregated Witness (SegWit) scaling technology.

Bitfinex adds support for SegWit addresses for outgoing bitcoin transactions

The Bitfinex cryptocurrency exchange this Tuesday announced the addition of support for the withdrawal of bitcoins to Bech32 addresses with support for the Segregated Witness (SegWit) scaling technology.

As noted by Bitfinex, Bech32 addresses are unique to the Bitcoin network and begin with "bc1" to avoid confusion between the chains when transferring funds. In addition, clients using SegWit can count on cheaper transactions when withdrawing funds from the exchange..

Earlier, the ability to withdraw funds to Bech32 addresses was implemented, for example, by Gemini and Kraken. Binance plans to add SegWit support.

According to the Transactionfee portal, the share of SegWit transactions in the Bitcoin blockchain is currently over 50%, after rising above this value at the end of September..



Bitfinex also announced today the addition of new visual derivatives trading tools that will make it easier for users to get information about the market, and the ability to connect Twitter accounts to an exchange account to display it in the list of the most successful traders..

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