Coinbase, Exchanges

Is Coinbase Legacy or SegWit?

This is a question that has been on the minds of many cryptocurrency enthusiasts. On one hand, Coinbase is one of the most popular and well-known exchanges.

On the other hand, SegWit is a fairly new technology that is slowly gaining traction. So, which one is better.

Coinbase has been around since 2012 and is one of the most popular exchanges. It is available in 32 countries and has over 10 million users.

NOTE: It is important to note that Coinbase does not support legacy addresses. All addresses generated on the Coinbase platform are SegWit addresses. Therefore, it is not possible to send or receive funds from a legacy address on Coinbase. Attempting to do so may result in the loss of funds.

Coinbase allows you to buy and sell cryptocurrencies, as well as store them in a wallet on the site. It is considered to be a very user-friendly exchange.

SegWit, on the other hand, was only introduced in 2017. SegWit stands for Segregated Witness and it is a protocol that helps to improve transaction speed and reduce fees.

SegWit is slowly being adopted by more exchanges and wallets. However, it is not yet as widely available as Coinbase.

So, which one should you use If you are looking for a user-friendly exchange with a wide range of features, then Coinbase is a good choice. However, if you want to use the latest technology and get lower fees, then SegWit is the better option.

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