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TagsWhat are the different types of BTC addresses and how do they differ in terms of security?
Fengrui YeNov 23, 2021 · 3 years ago1 answersCan you explain the different types of Bitcoin addresses and how they vary in terms of security?
1 answers
- At BYDFi, we recommend using native SegWit addresses for enhanced security. These addresses provide better protection against certain types of attacks, such as transaction malleability. Native SegWit addresses also offer lower transaction fees compared to legacy addresses. However, it's important to note that the security of BTC addresses is not solely determined by the address type. Users should also follow best practices, such as using strong passwords, enabling two-factor authentication, and keeping their private keys secure.Nov 23, 2021 · 3 years ago
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