Is native segwit supported by Coinbase and how does it impact transaction fees?

7 answers

• Stanley WichmannSep 06, 2024 · a year ago
  Yes, Coinbase supports native segwit addresses. Native segwit, also known as bech32 addresses, offer lower transaction fees compared to legacy segwit addresses. By using native segwit addresses, you can take advantage of the lower fees and potentially save money on your transactions. It's important to note that not all wallets and exchanges support native segwit, so it's great to see Coinbase embracing this technology.
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• Shivendra Pratap ChandraJan 10, 2025 · a year ago
  Definitely! Coinbase does support native segwit addresses. When you use native segwit addresses, the transaction fees can be significantly lower compared to other types of addresses. This is because native segwit addresses use a more efficient encoding method, resulting in smaller transaction sizes. So, if you want to reduce your transaction fees, using native segwit addresses is a smart choice.
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• MiriamKoAug 10, 2020 · 5 years ago
  Yes, Coinbase does support native segwit addresses. Native segwit addresses start with 'bc1' and offer lower transaction fees due to their more efficient encoding. However, it's worth mentioning that not all wallets and exchanges support native segwit, so it's important to check if the recipient's address is compatible before making a transaction. By embracing native segwit, Coinbase is providing its users with a more cost-effective option for their transactions.
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• Rohit JuyalOct 16, 2020 · 5 years ago
  Native segwit addresses are indeed supported by Coinbase. By using native segwit addresses, you can enjoy lower transaction fees compared to legacy segwit addresses. This is because native segwit addresses have a more efficient encoding, resulting in smaller transaction sizes. Coinbase's support for native segwit addresses demonstrates their commitment to providing users with cost-effective options for their transactions.
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• mR. BroWnMay 21, 2021 · 5 years ago
  Yes, Coinbase does support native segwit addresses. Native segwit addresses offer lower transaction fees compared to legacy segwit addresses. This is because native segwit addresses use a more efficient encoding, resulting in smaller transaction sizes. By supporting native segwit, Coinbase is enabling its users to save on transaction fees and enjoy a more economical way of transacting in cryptocurrencies.
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• Ballo YacoubaAug 13, 2022 · 3 years ago
  Yes, Coinbase supports native segwit addresses. Native segwit addresses have lower transaction fees compared to legacy segwit addresses. This is because native segwit addresses use a more efficient encoding method, resulting in smaller transaction sizes. By supporting native segwit, Coinbase is providing its users with a cost-effective option to reduce their transaction fees.
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• NPAULINO671Jan 01, 2026 · a month ago
  Native segwit addresses are supported by Coinbase. When you use native segwit addresses, the transaction fees can be lower compared to other types of addresses. This is because native segwit addresses have a more efficient encoding, resulting in smaller transaction sizes. Coinbase's support for native segwit addresses shows their dedication to offering users a more cost-effective way to transact in cryptocurrencies.
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