Exchange
Blockchain and crypto asset exchange
Academy
Blockchain and crypto education
Broker
Trading terminal solutions
Charity
Blockchain charity foundation
Cloud
Enterprise exchange solutions
DEX
Fast and secure decentralized digital asset exchange
Labs
Incubator for top blockchain projects
Launchpad
Token Launch Platform
Research
Institutional-grade analysis and reports
Trust Wallet
Binance's official crypto wallet
Buy Crypto
Markets
Scan to Download App IOS & Android
Download
English
USD
Support Center
FAQ
Crypto Deposit/Withdrawal
Deposit/Withdraw Guide
About Segregated Witness (SegWit)
Binance
2020-12-24 05:09
Binance announced adding SegWit support, aiming to improve Bitcoin transaction efficiency. And it will allow its users to withdraw or send their Bitcoin holdings to SegWit (bech32) addresses.
The term SegWit stands for “Segregated Witness” . SegWit is an improvement over the current bitcoin blockchain which reduces the size needed to store transactions in a block and it is implemented as a soft fork on the Bitcoin network. By separating the transaction signatures from bitcoin transactions, it allows more transactions to fit within one block. This will result in smooth and rapid Bitcoin transactions.
Learn more about SegWit, please refer to Binance Academy’s article: A Beginner’s Guide to SegWit
It’s important to note when you choose the network of Bitcoin SegWit to withdraw your BTC, make sure the corresponding platform or wallet supports SegWit. If you choose an unsupported network or incompatible assets, your funds will not be recoverable.
To learn more about how to deposit or withdraw funds, you may refer to the tutorial.
Please pay attention to choose the correct network when you transfer the funds. Not all wallets and exchanges support all 3 addresses.
Bitcoin Legacy address (P2pKH) : After SegWit was introduced to the community, the original Bitcoin addresses are called “Legacy”. These addresses start with “1”.
SegWit or nested SegWit addresses(P2SH) : These are multi-purpose addresses that support both non-SegWit and SegWit transactions. These addresses start with “3”.
Native Segwit(bech32): The native Segwit address starts with “bc1”. These addresses include only lower case letters for better readability.
FAQ:
Can I use SegWit address send BTC from Binance to the original Bitcoin addresses?
Yes. SegWit is backward compatible with previous Bitcoin addresses. You can safely send transactions to any external Bitcoin address or wallet. However, make sure the corresponding exchange or wallet supports SegWit(bech32). If you choose an unsupported network or incompatible assets, your funds will be lost.
Does SegWit allow me to send other assets besides Bitcoin to my BTC SegWit address?
No. Digital assets sent to the wrong currency address will result in the permanent loss of those assets.

Have more questions?submit a request
Related Articles
How do I Deposit/Withdraw Cryptocurrency