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Cryptocurrency Q&A Does Binance use SegWit or legacy?

Does Binance use SegWit or legacy?

EnchantedSoul EnchantedSoul Sun Dec 01 2024 | 6 answers 1373
Binance, the world's largest cryptocurrency exchange, has announced support for SegWit, which is an upgrade to the Bitcoin protocol. SegWit addresses start with 'bc1' and offer reduced transaction fees and faster processing times compared to legacy addresses that start with '1'. This adoption by Binance enhances the efficiency and scalability of Bitcoin transactions on its platform. Does Binance use SegWit or legacy?
binance segwit legacy

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