What is a bitcoin on-chain address anyway? πŸ€”

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. πŸ‘‡


Which bitcoin addresses does Bottlepay support?

There are four common bitcoin address formats:

  1. Bitcoin addresses starting with a "1" - Legacy address (P2PKH)

  2. Bitcoin addresses starting with a "3" - Script address - (P2SH)

  3. Bitcoin addresses starting with "bc1" - SegWit (P2WPKH also known as native SegWit or bech32)

  4. Bitcoin addresses starting with "bc1p" - Taproot (P2TR)

Bottlepay support all four address formats. πŸ‹οΈ

The following article has more information on how to withdraw bitcoin on Bottlepay.

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