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Home Bitcoin

What type of address has the lowest transaction fee?

Moussa by Moussa
May 18, 2025
in Bitcoin
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What type of address has the lowest transaction fee?
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I’m new to cryptocurrency.
I bought a tiny amount of bitcoin on an exchange (Binance) and am now going to withdraw it all to my local wallet.
I installed Bitcoin Core, and created a wallet.
When creating a new address for receiving, it shows four types:

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  • Base58 (Legacy),
  • Base58 (P2SH-SegWit),
  • Bech32 (SegWit),
  • Bech32m (Taproot).

It makes me confused about what to choose.

Which one should I use for withdrawing from Binance, and which one has lowest fee for future transaction (sending or receiving)?

Screenshot of the Bitcoin Core wallet Receive tab that offers the four different address types in a dropdown menu for choosing.



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