Bitfinex Adopts SegWit: BTC Transaction fee and time get reduced

Bitfinex has announced that SeqWit (P2SH Segregated Witness) will be supported on their platform to deposit and withdraw bitcoin. It will help in 15% reduction in BTC withdrawal fees and transaction will be fast.

Here is the statement by Bitfinex CTO.

“As a premier exchange, Bitfinex is committed to improving its market-leading offering for our loyal and discerning customers. SegWit provides not only an immediate benefit for users, but also a foundation for future Bitcoin development. By supporting SegWit addresses, Bitfinex is tackling three of the biggest crypto-enthusiast concerns: transaction fees, transaction speed, and total network capacity. We are delighted that through this implementation we can provide our customers with bitcoin withdrawal fees that are up to 20 percent lower, as well as faster-than-ever transaction speeds.”

- Paolo Ardoino, Bitfinex CTO

Latest Bitfinex tweets,

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