Swap.bz

Addresses & networks

Bech32 / SegWit address

Bech32 is the Bitcoin address format starting with bc1 (SegWit); bc1q is native SegWit, bc1p is Taproot.

Lower fees than legacy 1… or 3… addresses. Almost all services support bc1q; bc1p support is broad but not universal.

On Swap.bz

Swap.bz accepts legacy, SegWit and Taproot Bitcoin receive addresses.

Related terms

Address checksum

A checksum is built-in redundancy in an address format that lets software detect typos before funds are sent.

UTXO

A UTXO (unspent transaction output) is a discrete chunk of coins on Bitcoin-like chains; a wallet balance is the sum of its UTXOs.

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