How can I choose the right bitcoin address type for my needs?

1 answers

• Nov 23, 2021 · 3 years ago
  At BYDFi, we recommend using P2PKH addresses for most transactions. They are widely supported and offer a good balance between security and compatibility. However, if you need advanced features like multisig or SegWit transactions, you can consider using P2SH or Bech32 addresses. It's important to choose an address type that aligns with your specific needs and the capabilities of the wallets and exchanges you plan to use. Remember to always double-check the address before sending any funds to ensure accuracy and prevent loss.
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