Confirmo now supports SegWit bech32 adresses

With the crypto bull run, transaction fees are peaking. Confirmo is staying on top of it by adding a cutting-edge feature of the Bitcoin blockchain. Read more! 

Why Confirmo uses SegWit bech32

You may have noticed that the Bitcoin network fees have been rising for some time. Sending BTC payments with low fees may cause them to take very long until confirmed.

This is why we have have added full support for SegWit bech32 addresses today. There are a number of technical benefits to using bech32 addresses. This newest type of Bitcoin address allows for up to 30% lower fees, because transactions using bech32 take up less space in Bitcoin blocks. Even better, these addresses start with “bc1”, which can greatly lower the chance of accidentally sending coins to the wrong blockchain.

Note to users

We recommend all Confirmo users to update their Settlement and Payout BTC addresses and replace the old-format addresses with the bech32 model to enable continuous Bitcoin growth, enjoy lower fees, and speed up mass adoption.

As a side note, stay tuned to our updates – we are slowly rolling out new site improvements and design. Here is a small preview of what you can look forward to!