The CoinPort exchange platform has been updated to use the new “bech32” Bitcoin address format.
The “bech32” address format allows for faster and cheaper Bitcoin blockchain transfers. Over time the Bitcoin blockchain has evolved and “bech32” is the latest of the three address formats. This change was made to minimise Bitcoin blockchain transfer fees.
Bitcoin (BTC) “bech32” addresses always start with “bc1”.
Customers may find that some older crypto Wallets do not support this new address format. Please contact our support staff if transfers need to be performed used the older Bitcoin address format.
Kind regards
The CoinPort Exchange Team