What is a bitcoin on-chain address anyway? 🤔
A bitcoin address is a unique string of letters and numbers used to receive bitcoin. There are many formats based on alternative specifications which can be identified by their prefix. 👇
Which bitcoin addresses does Bottlepay support?
There are four common bitcoin address formats:
Bitcoin addresses starting with a "1" - Legacy address (P2PKH)
Bitcoin addresses starting with a "3" - Script address - (P2SH)
Bitcoin addresses starting with "bc1" - SegWit (P2WPKH also known as native SegWit or bech32)
Bitcoin addresses starting with "bc1p" - Taproot (P2TR)
Bottlepay support all four address formats. 🏋️
The following article has more information on how to withdraw bitcoin on Bottlepay.