Coin Wallet supports all three types of addresses for Bitcoin and Litecoin.
Bitcoin:
- P2PKH - Legacy. Address starts with a 1.
- P2SH - SegWit compatible. Address starts with a 3.
- Bech32 - SegWit native. Address starts with bc1.
Litecoin:
- P2PKH - Legacy. Address starts with a L.
- P2SH - SegWit compatible. Address starts with a M.
- Bech32 - SegWit native. Address starts with ltc1.
All three addresses can be used to send and receive coins. Receiving deposits to SegWit address will help lower fees for the next transactions.
NOTE: not every exchange or wallet supports all types of addresses.
Which should you choose?
It is totally up to you. We recommend using Bech32 - SegWit native.