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Bitmex Now Supports Bech32 (Native Segwit) For Sending Bitcoin

Bitmex, one of the world’s most popular cryptocurrency exchanges, has added support for the Bech32 (native SegWit) address format. The Dec 12, 2019 announcement reads: “The key advantage of Bech32 addresses is that transaction fees will be saved when Bitcoin already sent to a Bech32 address is spent. Therefore this upgrade will not directly result in fee savings when customers withdraw from BitMEX. However in the next transaction, when the withdrawn BTC is spent again, our customers may benefit from lower transaction fees.” 

Earlier, even Bitfinex has added support for this Bech32 address. 

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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