October 30, 2020

Bitfinex now supports withdrawal of funds to Segwit Bech32 addresses

Bitfinex now supports withdrawal of funds to Segwit Bech32 addresses

On Tuesday, the Bitfinex cryptocurrency exchange announced an update to its platform, which will allow the withdrawal of Bitcoins to Bech32 addresses. The exchange has also added new charting tools for trading derivatives.

Bech32 addresses exist only on the blockchainBitcoin This is the Segwit address format specified in BIP 0173, and its addresses begin with the alphanumeric character bc1. Segwit addresses provide the best protection by ensuring that funds are sent to the right recipients.

In addition, the platform also introduced a newa system that allows its customers to connect their Bitfinex accounts to an account on the social network Twitter, displaying them in public Bitfinex leaderboards. The announcement said the company plans to connect other social networks in the future.

The exchange also updated its Twitter account, explaining that integration with Twitter allows customers to showcase their trading capabilities and achievements.

Recall that this year the platform added the possibility of margin trading with a leverage of up to 100x.

According to the materials bitcoinwarrior.net