Bitcoin FAQs – Learn more about BTC
Everything you need to know about Bitcoin (BTC) in Exodus.
Are you looking for a self-custody wallet for your Bitcoin? You can download Exodus here!
In this article:
How do I create a new Bitcoin address?
You can create new Bitcoin addresses on Mobile and Desktop.
By default, your Bitcoin wallet in Exodus will display one SegWit (bc1q) address. If you enable your Legacy address, it will display one Legacy address. Likewise, if you enable your Taproot address, it will display one Taproot address.
You can also enable a feature to generate multiple SegWit, Taproot, and Legacy addresses for your Bitcoin wallet. Once enabled, your wallet will create a new address every time it receives Bitcoin (BTC).
You can continue to receive BTC at any of your old addresses. To export all of your wallet’s Bitcoin addresses, please see the following:
Follow these steps to turn on multiple addresses in your wallet:
Mobile
Open your Bitcoin wallet and tap on the Settings icon in the top right corner.
Toggle on Multiple Addresses.
Desktop
In your Bitcoin wallet, a) click the More menu in the top right corner and b) click on Advanced Options.
Toggle on Multiple Addresses.
To send and receive Bitcoin on Legacy, SegWit, and Taproot addresses, you can download Exodus Mobile or Exodus Desktop.
There are four Bitcoin address types. All four addresses can be used to send and receive Bitcoin. So what’s the difference?
Not every wallet or service has upgraded to support the newer types of Bitcoin addresses like the Native SegWit format, and therefore, some wallets can only send to certain address types, the most widely supported address being the Legacy format.
Luckily, if someone wants to send you BTC from a newer address type like the Native SegWit format, older formats like your Legacy address will be able to receive it just fine.
The most visible difference between different types of Bitcoin addresses is the address formats, and you can identify which format an address is by looking at the first characters in the address.
Below you can see the 4 types listed from the oldest format to the newest:
Legacy (P2PKH)
Legacy addresses start with 1. Legacy addresses are the original BTC addresses. You can expect all wallets to support sending and receiving to Legacy addresses. Sending Bitcoin from a Legacy address will have the highest fee when compared to other address formats.
Nested SegWit (P2SH)
Nested SegWit addresses start with 3. Nested SegWit addresses introduced multi-sig functions to Bitcoin. Sending Bitcoin from Nested SegWit has lower fees than sending from Legacy addresses.
Note that Trezor’s desktop and browser app Trezor Suite refers to ‘Nested Segwit’ as ‘Legacy Segwit’ although they are the same P2SH (starts with 3) type of address.
Native SegWit (Bech32)
Native SegWit addresses start with bc1q. It is cheaper to send Bitcoin from a Native SegWit address than sending Bitcoin from a Legacy or Nested SegWit address.
Taproot (P2TR)
Taproot addresses start with bc1p. Taproot addresses are a new SegWit address type that offers more advanced security, privacy, flexibility, and scaling to Bitcoin. However, Taproot addresses are not automatically supported by wallets that support existing SegWit addresses.
What Bitcoin addresses does Exodus support?
| Exodus Mobile |
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| Exodus Desktop |
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| Exodus Web3 Wallet |
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| Trezor in Exodus |
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How do I enable and find my Legacy address?
You can enable your Legacy address on Mobile and Desktop.
By default, when you open your Bitcoin wallet in Exodus and click on Receive, you will be shown your SegWit address.
To see your Legacy address, follow these steps to enable it in your wallet:
Mobile
Open your Bitcoin wallet and tap on the Settings icon in the top right corner.
Toggle on Legacy Address and return to your Bitcoin wallet.
Tap on the Receive icon.
Finally, tap the arrows to the left and right of the QR code to see your SegWit, Taproot, and Legacy receive addresses.
Desktop
In your Bitcoin wallet, a) click the More menu in the top right corner and b) click on Advanced Options.
Toggle on Legacy Address and return to your Bitcoin wallet.
Click Receive.
Finally, click the arrows to the left and right of the QR code to see your SegWit, Taproot, and Legacy receive addresses.
How do I enable and find my Taproot address?
You can enable your Taproot on Exodus Mobile and Desktop.
By default, when you open your Bitcoin wallet in Exodus and click on Receive, you will be shown your SegWit address.
To see your Taproot address, follow the steps below to enable it in your wallet: