• To fund into your Bitcoin wallet, send BTC into your wallet address (legacy or SegWit).
• To verify your transaction, enter the TXID/hash or wallet address on any blockchain explorer, e.g., btcscan.org.
• To send funds out of your wallet, import your wallet on any wallet app, e.g., OKX, Mycelium, etc., and initiate your transfer/withdrawal to your destination Bitcoin wallet address.
You are advised to print out your generated wallet credentials and keep in a private & secure location such as a safe or a vault. You can save your wallet address on your device, but certainly not your private key.
| Feature | Legacy (P2PKH) | SegWit (Bech32/P2WPKH) |
|---|---|---|
| Format | Starts with 1 |
Starts with bc1 |
| Speed | Slower | Faster processing |
| Transaction Cost | Higher fees (larger size) |
Lower fees (smaller tx size) |
| Adoption | Widely supported | Increasingly supported |
| Better Overall? | No | Yes — faster, cheaper |
Conclusion: SegWit is generally better for both speed and cost. It's the recommended format today, but Legacy is still useful for compatibility with older systems.