What are the different types of bitcoins wallet addresses available?

3 answers

• Nov 25, 2021 · 3 years ago
  Sure! There are mainly three types of wallet addresses for bitcoins: 1. P2PKH (Pay-to-Public-Key-Hash) addresses, which start with the number '1'. These are the most common and widely used addresses. 2. P2SH (Pay-to-Script-Hash) addresses, which start with the number '3'. These addresses are used for more advanced transactions and support features like multi-signature wallets. 3. Bech32 addresses, which start with 'bc1'. These addresses are a newer format and offer benefits like improved error detection and lower transaction fees. Each type of address has its own advantages and use cases, so it's important to choose the right one based on your needs and preferences.
  674337
• Nov 25, 2021 · 3 years ago
  Well, there are a few different types of wallet addresses for bitcoins. The most common ones are the P2PKH addresses, which start with '1'. These are the addresses you'll usually see when you're sending or receiving bitcoins. Then there are the P2SH addresses, which start with '3'. These addresses are used for more complex transactions and can support features like multi-signature wallets. Finally, there are the Bech32 addresses, which start with 'bc1'. These addresses are a newer format and offer some advantages like lower transaction fees. So, depending on what you're looking for, you can choose the type of address that suits your needs.
  647216
• Nov 25, 2021 · 3 years ago
  When it comes to bitcoins, there are a few different types of wallet addresses you can use. The most common ones are the P2PKH addresses, which start with '1'. These are the addresses that most people are familiar with and are widely used. Then there are the P2SH addresses, which start with '3'. These addresses are used for more advanced transactions and can support features like multi-signature wallets. Finally, there are the Bech32 addresses, which start with 'bc1'. These addresses are a newer format and offer some benefits like lower transaction fees. So, depending on your needs and preferences, you can choose the type of address that works best for you.
  665167