Binance Launches Withdrawal Of Funds To BTC SegWit Addresses

Segregated Witness support allows you to successfully withdraw funds in BTC today. The developers announced this on December 24 on the official website of the cryptocurrency exchange

To withdraw profit to the SegWit address (bech32), you need to select the BTC network and correctly execute the transaction. According to the developers, by this step they are trying to reduce commissions.

The main thing is to transfer only compatible assets to SegWit. Otherwise they will be lost.

What SegWit is

This is a modification of the BTC blockchain protocol designed to solve scalability problems. When transferring funds through this network, the transaction signature is separate from the data being sent. This saves block space and increases the bandwidth of the blockchain.