Reference: Address Types

Overview

UTXO assets can use a variety of address types that offer different benefits, depending on your use case. You can send assets between different address types. However, different platforms may not support all address types. For example, some exchanges might not support taproot addresses. To ensure a transaction sends to your intended destination, always use the correct recipient address and follow the proper security protocols for that address type.

Note: If you try sending to an unsupported address type, you may lose the funds.

BitGo enables you to generate as many addresses as you need for a single wallet by means of a hierarchical deterministic (HD) scheme that generates a tree-like structure of key pairs derived from a single master seed. Using the master key and a 256-bit number derived alongside it, called a chain code, BitGo can derive child keys. These child keys enable generating new addresses and are also necessary for creating digital signatures.

Address Types

BitGo wallets support the following UTXO address types:

	Legacy	Wrapped SegWit	Native SegWit	Taproot Script	Taproot MuSig2
Chain Codes	0, 1	10, 11	20, 21	30, 31	40, 41
Character Length	34	34	62	62	62
Encoding	Base58	Base58	Bech32	Bech32m	Bech32m
Fees	Highest	Higher	Lower	Intermediate	Lowest
Prefix (Mainnet)	3	3	bc1q	bc1p	bc1p
Prefix (Testnet)	2	2	tb1q	tb1q	tb1p
Privacy	Lowest	Intermediate	Higher	Higher	Highest
Script Type	P2SH	P2SH-P2WSH	P2WSH	P2TR	P2TR
Signing	Signature	Signature	Signature	Signature	Nonce + Signature

Script Types

Bitcoin and bitcoin-like assets support the following script types:

	P2SH	P2SH-P2WSH	P2WSH	P2TR	P2TR (MuSig2)
BTC	✅	✅	✅	✅	✅
BTG	✅	✅	✅	❌	❌
LTC	✅	✅	✅	❌	❌
DOGE	✅	❌	❌	❌	❌
BCH	✅	❌	❌	❌	❌
ZEC	✅	❌	❌	❌	❌
DASH	✅	❌	❌	❌	❌

See Also

• API Reference: Create Address
• Concept: BitGo Wallet Types
• Create Addresses