There are three Bitcoin address formats currently in use:
- P2PKH addresses start with the number 1.
Example: 1BvBMSEYstWetqTFn5Au4m4GFg7xJaNVN2.
- P2SH addresses start with the number 3.
Example: 3J98t1WpEZ73CNmQviecrnyiWrnqRhWNLy.
- Bech32 addresses, also known as "bc1 addresses," start with bc1.
Example: bc1qar0srrr7xfkvy5l643lydnw9re59gtzzwf5mdq.
- QR Codes can also be used as wallet addresses.
Paxful allows withdrawals to P2PKH, P2SH, and Bech32 addresses.
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