Added support for Bitcoin SegWit addresses - PayBis

Added support for Bitcoin SegWit addresses

Dear customers,

We are happy to announce that we have added support for Bitcoin SegWit Wallet addresses.

A usual (Legacy) Bitcoin Wallet address starts with “1” or "3", whereas SegWit addresses starts with “bc1”.

There is not much difference which wallet you have, Legacy or SegWit, but it is expected that transaction fees in the Bitcoin Blockchain will be lower for SegWit addresses.

Nevertheless, both Legacy and SegWit addresses exist in the same Bitcoin blockchain and no matter which address you have, you will still be able to purchase Bitcoin (BTC) on our website.

Additional information about difference between Legacy & SegWit addresses can be found here.

Best regards,
PayBis team
 


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