We are very excited to let you know that after testing, Flyp.me has finally implemented support for exchanges to Bitcoin bech32 address formats on the platform. You can now enter a bech32 address as the receiving account and exchange 20 different crypto directly to your Bitcoin bech32 SegWit address. The Flyp.me accountless exchange is always on the forefront of technology adoption and with this innovation, continues to move forward.
Native SegWit address bech32 The Segwit bech32 format has some technical benefits over the already used SegWit address format including decreased transaction fees and increased throughput. Moreover, the new address format starts with "bc1", is case-insensitive, and consists only of lower cases so the chance of typing an error is lower.
SegWit SegWit makes it possible to rearrange the information in a block. Consequently, the block can contain more information and it makes transaction processing more cost-effective. Therefore, the blockchain can process much more transactions per second. This is a big step for the entire cryptocurrency community. Make your part and choose SegWit.