Coinbase, Exchanges

Does Coinbase Support Native SegWit?

Yes, Coinbase supports native SegWit. When you send or receive Bitcoin on Coinbase, you’ll notice that the address you’re sending to or receiving from has changed.

This is because we’ve updated our Bitcoin addresses to use a new format called “SegWit.” SegWit addresses start with a “3” instead of a “1.” .

NOTE: It is important to note that Coinbase does not currently support Native SegWit. If you intend to use Native SegWit on Coinbase, you should take extra caution as it may result in unexpected or undesirable outcomes. It is highly recommended that you consult with a professional financial advisor or expert before attempting to use Native SegWit on Coinbase.

This update was made in response to SegWit, a soft fork (backward-compatible change) to the Bitcoin protocol that reduces transaction fees and improves scalability by removing certain data from each transaction. We’ve been working on adding support for SegWit since the beginning of 2017.

We’re excited to announce that as of today, all Bitcoin addresses on Coinbase are now SegWit compatible. This means that when you send or receive Bitcoin on Coinbase, you’ll now pay lower transaction fees and your transactions will confirm faster.

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