Taproot and bech 32 supported CEX | Bitcointalksearch.org

hosseinimr93

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Quote from: God bless u on December 11, 2023, 01:03:37 PM

I have already sign up to okex. I Facing Invalid error issue when use Bech 32 address. What would be issue with this address?

That's a P2WSH address and it's valid.
As already said, you can send fund from any type of bitcoin address to any type of bitcoin address.
If a service doesn't allow you to make withdrawal to a valid bitcoin address, that's just because it hasn't been coded properly.

God bless u

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Quote from: Zaguru12 on December 11, 2023, 12:33:13 PM

Quote from: God bless u on December 11, 2023, 08:49:07 AM

I also need exchange other than Binance and Kucoin which support bech 32 btc deposit.

There are many exchanges that actually support native segwit addresses the one I can remember is OKX exchange I kind of like the exchange because it supports use of different addresses after each transaction just like how Hierarchy Deterministic wallets are.

Thanks all.. I was confused because I have never used Taproot address before but now i get answers. I have already sign up to okex. I Facing Invalid error issue when use Bech 32 address. What would be issue with this address?

Zaguru12

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Quote from: God bless u on December 11, 2023, 08:49:07 AM

I also need exchange other than Binance and Kucoin which support bech 32 btc deposit.

There are many exchanges that actually support native segwit addresses the one I can remember is OKX exchange I kind of like the exchange because it supports use of different addresses after each transaction just like how Hierarchy Deterministic wallets are. You can also check this link for wallets and exchanges that support either receiving or sending from different address https://en.bitcoin.it/wiki/Bech32_adoption#Bitcoin_ATM_Models

Quote from: Gladitorcomeback on December 11, 2023, 12:02:38 PM

As many user already gives right answer. You just sample send to your Binance/Kucoin or Mexc sample btc deposit address (Don't use BSC chain address). I already checked this and sent from Segwit to legacy and my funds deposited without any problem. You can do it also and I hope you will not face any problem.

It is not something of hope it will be deposited except the user went a choice another blockchain addresses like ERC, BSC or TRC. But if it is the four types of bitcoin addresses then it will drop

Gladitorcomeback

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As many user already gives right answer. You just sample send to your Binance/Kucoin or Mexc sample btc deposit address (Don't use BSC chain address). I already checked this and sent from Segwit to legacy and my funds deposited without any problem. You can do it also and I hope you will not face any problem.

hugeblack

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Quote from: God bless u on December 11, 2023, 08:49:07 AM

I have btc in Taproot address and now I want to send it to centralized exchange but I doesn't found Taproot address support option in Binance, Mexc and Kucoin. Is there any exchange which support Taproot btc deposit?

You want to send, so all types of Bitcoin addresses can send to it, but if you want to receive, you will need for the platform to support withdrawal to the P2TR address. The reason for this is that without updating the software, the withdrawal system will consider that address invalid.

Charles-Tim

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Quote from: Jawhead999 on December 11, 2023, 09:10:07 AM

But those two exchanges give you a choice to receive in Taproot address, which could be cheaper it terms of fees than send to native segwit or other types.

With the same inputs and outputs, the cheapest is bc1q addresses.
If the inputs is higher, example is when you are consolidating your inputs, bc1p is cheaper.
If you are sending to many addresses (high outputs) with 1 or few inputs, bc1q is cheaper.

hosseinimr93

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Take note that it's possible that a service doesn't allow you to make withdrawal to a certain type of address, but it's not possible that a service doesn't accept deposit from a certain type of address.
As mentioned above by Charles-Tim, you can send bitcoin from any type of address to any type of address.

Quote from: Jawhead999 on December 11, 2023, 09:10:07 AM

But those two exchanges give you a choice to receive in Taproot address, which could be cheaper it terms of fees than send to native segwit or other types.

Sending to taproot addresses is not cheaper.
With any taproot output you add to your transaction, you increase the virtual size of the transaction by 43 vbyte.
That's 31 vbyte for a native segwit ouput, 32 vbyte for nested a segwit output and 34 vbyte for a legacy output.

More information on the topic created by Charles-Tim:
Pay-to-taproot (P2TR) transaction fee

Jawhead999

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In addition, so far only two exchanges that offers to receive Bitcoin in Taproot address. Don't get confused, you can send your coins from Taproot address to any types of Bitcoin address. But those two exchanges give you a choice to receive in Taproot address, which could be cheaper it terms of fees than send to native segwit or other types.

Quote from: https://en.bitcoin.it/wiki/Bech32_adoption

Receive to P2TR

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Charles-Tim

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All address types are compatible with each other. You can send from one address type to another.

I saw this article: https://www.binance.com/en/support/announcement/binance-will-support-the-bitcoin-btc-taproot-upgrade-8578eea0104f439c85f50fbdc99bf7c2

You should be able to receive bitcoin with your legacy address or segwit version 0 address on Binance if you send the coin from pay-to-taproot address.

If you are in any doubt, you can first send to a noncustodial wallet that is segwit version 0 before sending to an exchange.

Segwit version 0 addresses start from bc1q.

God bless u

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Hello all Bitcointalk members;

I have btc in Taproot address and now I want to send it to centralized exchange but I doesn't found Taproot address support option in Binance, Mexc and Kucoin. Is there any exchange which support Taproot btc deposit?

Note: Kraken is not available in our country

I also need exchange other than Binance and Kucoin which support bech 32 btc deposit.

Topic: Taproot and bech 32 supported CEX (Read 70 times)