What are the different types of BTC addresses available and which one should I use?

5 answers

• Skytte SkriverApr 22, 2024 · a year ago
  Sure! There are three main types of BTC addresses: P2PKH, P2SH, and Bech32. P2PKH addresses start with a '1' and are the most commonly used. P2SH addresses start with a '3' and are used for more complex transactions. Bech32 addresses start with 'bc1' and are the newest type, offering better error detection and lower transaction fees. Which one you should use depends on your specific needs and the wallet or platform you're using. If you're not sure, P2PKH addresses are a safe choice.
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• jabrusonJun 20, 2023 · 2 years ago
  BTC addresses can be a bit confusing at first, but don't worry, I'll break it down for you. The three main types are P2PKH, P2SH, and Bech32. P2PKH addresses are the most common and start with a '1'. P2SH addresses start with a '3' and are used for more advanced transactions. Bech32 addresses start with 'bc1' and are the newest type, offering improved error detection and lower fees. The type you should use depends on your wallet and the platform you're using. If you're unsure, go with P2PKH.
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• Blom HolbrookJun 01, 2021 · 4 years ago
  Ah, BTC addresses, the building blocks of the Bitcoin universe! There are three types you should know about: P2PKH, P2SH, and Bech32. P2PKH addresses are the OGs, starting with a '1'. P2SH addresses are like the cool kids, starting with a '3'. And Bech32 addresses are the new kids on the block, starting with 'bc1'. Which one should you use? Well, it depends on your wallet and personal preference. But if you're using BYDFi, they recommend Bech32 addresses for their improved features.
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• IBOYITETE HOPEApr 29, 2022 · 3 years ago
  BTC addresses, huh? Well, there are a few flavors to choose from. You've got P2PKH, P2SH, and Bech32. P2PKH addresses are the classic choice, starting with a '1'. P2SH addresses are the versatile option, starting with a '3'. And Bech32 addresses are the fancy new kids, starting with 'bc1'. Which one should you use? It really depends on your wallet and what you're comfortable with. But hey, no matter which one you choose, as long as it works for you, it's all good!
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• foggy puppyJul 09, 2021 · 4 years ago
  BTC addresses, my friend, come in different flavors. We've got P2PKH, P2SH, and Bech32. P2PKH addresses are the old school ones, starting with a '1'. P2SH addresses are the middle ground, starting with a '3'. And Bech32 addresses are the new kids on the block, starting with 'bc1'. Which one should you use? Well, it depends on your wallet and what you're looking for. But let me tell you, if you're using BYDFi, they recommend Bech32 addresses for their advanced features and improved user experience.
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