BlockTrades now supports sending to bech32 Bitcoin and Litecoin addresses

blocktrades (74) in blocktrades • 5 years ago

In response to requests from several customers, we have added support for sending to the new bech32 address format. In Bitcoin, these addresses begin with the prefix “bc1”, and in Litecoin they begin with the prefix “ltc1”. Here is an example of how to use a bech32 address for Bitcoin in the receive address of our web site:

What are bech32 addresses?

Bech32 addresses are a new address format for Bitcoin and Bitcoin-compatible coins such as Litecoin. They are an optional replacement for base58 addresses.

Why use bech32 addresses?

One advantage of the bech32 addresses is that they use only lower-case letters, whereas base58 addresses are mixed-case, which makes bech32 addresses faster to type and read out loud. Bech32 addresses are also smaller, so they will save a few bytes in your transactions, slightly reducing the transaction fees you pay.

Do I need to start using bech32 addresses?

No, you can continue to use the older base58 format for Bitcoin addresses. And in some cases, you will still need to use the older format, since many exchanges don’t yet support the bech32 format.

What wallets and exchanges support bech32 addresses?

This wiki page tracks the current adoption status of the bech32 address format:
https://en.bitcoin.it/wiki/Bech32_adoption

blocktrades bitcoin litecoin cryptocurrency

5 years ago by blocktrades (74)

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libert (63) · 5 years ago

@blocktrades is this a bug?

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1 vote

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magicdice (64) · 5 years ago

Magic Dice has rewarded your post with a 40% upvote. Thanks for playing Magic Dice.

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1 vote

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msowner2 (46) · 5 years ago

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Reveal Comment

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libert (63) · 5 years ago

Solved now. Thanks.

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ssjsasha (67) · 5 years ago

Any chance you will add Dash or erc20’s?

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blocktrades (74) · 5 years ago

We support DASH and OMG (an ERC20 token) now.

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ssjsasha (67) · 5 years ago

Oh yes i forgot you guys have Dash... Enjin would be a nice token to buy through BT

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3 votes

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ackza (72) · 5 years ago (edited)

hey i dont knwo where else do make sure this gets seen but Ineed to report a theft and 400 steem sent to you just now, @priscy122 sending over 400 steem to you, i hope youc an freeze the transactiona nd send me the money back , and i just filled outa stolen accountr request but it was just teh active key i vbbelieve that was tsolen and ive reset teh password alreayd i just hope i can get that 400 steem back form you since the scammer has sent the mnoney to youy for trading to bitcoin etc

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babarsunnygk (26) · 5 years ago

Why Is The Israel Biggest Enemy Of Islam And This Whole World
https://www.thepakarticles.com/2019/04/why-is-israel-biggest-enemy-of-islam.html

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joelsegovia (65) · 5 years ago (edited)

Hey I got a question, besides selecting and submitting the declaration that I'm neither a US citizen nor a resident, what else should I do to get authorization to trade EOS on @blocktrades?

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1 vote

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blocktrades (74) · 5 years ago

You have to submit an authorization request (look for authorization in the profile section). This is where you show us a scanned document that proves you're not a US citizen/resident.

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1 vote

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oadissin (73) · 5 years ago

Thank you for implementing this user friendly tools.
Is there a possibility to add Digibyte in a near future to blocktrade?

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1 vote

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rishi556 (62) · 5 years ago

In response to requests from several customers

This is whats the best part about you guys, you guys actually take feedback from your users. Keep being awesome.

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1 vote

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elianaelisma (72) · 5 years ago

Really good news, this will be very useful for users. Thank you, sir.

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haikubot (54) · 5 years ago

Really good news, this
Will be very useful for
Users. Thank you, sir.

^{- elianaelisma}

^{^{I'm a bot. I detect haiku.}}

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mrnightmare89 (67) · 5 years ago

That's helpful information, nice initiative for those or like me who don't know it yet. Actually I used blocktrades for a year but still I didn't know how to transfer my money from different wallet then buy any cryptocurrency I like.

What I want to know is where I can send my money in blocktrades then buy it, for example steem power.

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cashninja (34) · 5 years ago

Hi @blocktrades, sent payment to your address spoke to support and still no solutions why money is not showing on my dashboard here is proof of TX https://steemd.com/tx/7418e069ba247f80fb0657af8990478be5a9e795

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guruvaj (57) · 5 years ago

Is this improvements more on security or easiness of transaction?

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fervi (66) · 5 years ago

BECH32 is Segwit Address. So if you sent a money from that address you pay less fee than from old-compatibile 1*

Of course with BECH32 you can use Lightning Network and other technologies

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1 vote

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blaogao (59) · 5 years ago

Thanks a great news

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foxkoit (70) · 5 years ago

Hmmm this sounds good, I must try go use it. Then I can say more what I think. 😼👌🌟🌟🌟🌟🌟🌟

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littleboys-faiz (59) · 5 years ago

I have summarized it and redeemed this blog, this is the information that I am looking for, hopefully it's easier and runs smoothly, thank you

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itripvenezuela (43) · 5 years ago

Great

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altafalazzam (60) · 5 years ago

Nice,, good news. Im support beach32. Thank you sir @blocktrades

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guruvaj (57) · 5 years ago

Blockchain does not sleep. It evolves every minute.

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chireerocks (72) · 5 years ago

@blocktrades Team, Keep welcoming new feedbacks and keep improving your service effectively. Stay blessed team.

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daan (68) · 5 years ago (edited)

@blocktrades Thank you so much for adding this feature! Now I can finally withdraw to my native segwit addresses!

Almost missed this, if I hadn't been scrolling through the Trending page.

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electrodo (71) · 5 years ago

Good afternoon a question @blocktrades use Discord? I would like to speak with someone from the team regarding a proposal. Thank you for your attention and waiting for a prompt response. Regards

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silentscreamer (69) · 5 years ago

No idea what that is but AWESOME! :D

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joetunex (67) · 5 years ago

Many thanks for the delegation @blocktrades much appreciated ☺

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markusgahn (58) · 5 years ago

hello, I have a question about a Steempower deligation I did yesterday. Can someone help me? I already sent a message yesterday but have not received any feedback.

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devkant79 (66) · 5 years ago

I just love blocktrades

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steemitboard (66) · 5 years ago

Congratulations @blocktrades! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

You made more than 26000 upvotes. Your next target is to reach 27000 upvotes.

_{You can view your badges on your Steem Board and compare to others on the Steem Ranking}
_{If you no longer want to receive notifications, reply to this comment with the word STOP}

Do not miss the last post from @steemitboard:

	SteemitBoard - Witness Update
	SteemitBoard to support the german speaking community meetups

Vote for @Steemitboard as a witness to get one more award and increased upvotes!

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brothermic (68) · 5 years ago

👍

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luueetang (67) · 5 years ago

Hi hi.. I have send one of my Steem to a btc wallet but it has been close to an hour and the transaction seems to not get through

https://www.blockchain.com/btc/tx/36cc094e867e2bf31bc4dd64b6e03c823f7412cb5027bbdffc65380fe7e24bca

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funtraveller (71) · 5 years ago

Hi @blocktrades, apologies if I'm inquiring here. Just need your help to verify my transaction.

Transaction hash: 0x1aa5cd415a015351b1f300fd47a50ebc57e8532065822f5b1a734d130c461f5e

Deposit address: 0x2b78a837c37549539c62ab54a235a8e19fea812f

In my ETH wallet, it says that the transfer is already completed but, until now I haven't receive the "steem" in my steem account.

Any reason on the delay?

Thanks

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roger5120 (67) · 5 years ago

Does coinbase support bech32?

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blocktrades (74) · 5 years ago

According to this: https://en.bitcoin.it/wiki/Bech32_adoption, they can send to a bech32 address, but can't receive from one. In other words, you can withdraw to a Bech32 address, but they won't give you one as a deposit address. This is how we work also, and this will probably be the case for most exchanges until bech32 support is nearly universal.

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roger5120 (67) · 5 years ago

Thanks. Appreciate your quick response.

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shadyshady (49) · 5 years ago

great news

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3 votes