muteness11

To myself. I think one source of confusion is this. Please correct me if I'm wrong about this.


| Address | Type | Functional difference |
|---------|-----------|----------------------------------------------------------|
| bc1 | (Bech32) | Prefix bc1 are output addresses that are not commonly used to store funds in a wallet, but may be used in transactions. |
| bc1q | (Segwit) | Prefix bc1q are output addresses that are commonly used to store funds and uses a simpler algorithm providing more flexibility to the end-user. |



Mainly tx fees: 
|Address|Type|Fees|
|-|-|-|
|1 |(legacy)|higher|
|3| (P2SH)| mid|
|bc1| (SegWit)| low|
|bcp1| (Taproot)| even lower|

All address types are interoperale.

italiansatoshi

bitcoin_beginners

Full list of Bitcoin address prefixes

Can you highlight what is the difference on send/receive via 1, 3, and bc1?  

In other words, should I care? whats in it for sender/receiver? 

Address	Type	Fees
1	(legacy)	higher
3	(P2SH)	mid
bc1	(SegWit)	low
bcp1	(Taproot)	even lower

Address	Type	Functional difference
bc1	(Bech32)	Prefix bc1 are output addresses that are not commonly used to store funds in a wallet, but may be used in transactions.
bc1q	(Segwit)	Prefix bc1q are output addresses that are commonly used to store funds and uses a simpler algorithm providing more flexibility to the end-user.