SegWit and CoinDeal: Lower Fees on Bitcoin Transactions
To allow its clients to pay less for Bitcoin transactions, CoinDeal offers them to use Bech32 (SegWit Native) addresses.
By Julia SakovichUpdated
3 mins readPhoto: CoinDeal / Medium
Trading fees remain one of the core criteria that traders usually pay attention to when they need to opt for a platform. And it is quite logical, as traders want to choose the platform for a long time and they are interested in finding the variant that will be associated with fewer expenses.
Special Terms on CoinDeal
The team staying behind CoinDeal that is one of the most actively growing crypto exchanges understands this position of traders and wants to provide the most appropriate terms for them.
Bearing this idea in mind, the team offers the following variant. Those CoinDeal clients who want to transact Bitcoin onto the exchange wallet utilizing a Bech32 (SegWit Native) address will have a possibility to enjoy 50% lower fees while withdrawing BTC from the market.
Alex Strześniewski, Business Development Director at CoinDeal, explains their idea the following way:
“We created an exchange for crypto enthusiasts and Bitcoin aficionados. This particular offer gives users 50% lower fees on BTC payouts and so far the turnout has been great. The only thing users need to do is to deposit BTC onto their CoinDeal accounts using the Bech32 standard, so addresses starting with “bc1””.
At the current moment, the platform support over 44 crypto markets and the list of fiat assets includes Dollars, Euro, Pounds, Polish Zloty, Rubles and Korean Won. Though the list of the supported currencies is rather impressive, it is planned to expand their range further with a view to providing traders and investors with a reliable one-stop solution.
The users’ opinion also matters. They can take part in the voting for the new cryptocurrency to choose the next crypto to be added to the platform.
In order to provide users with an opportunity to pay less for transactions, CoinDeal considers it necessary to increase awareness of the SegWit tech. Despite the fact that the use of SegWit address can make BTC transactions more feasible, a lot of people still use legacy addresses that are more expensive when applied for transferring BTC.
“CoinDeal is also one of the few exchange platforms that have made the switch to SegWit, others are behind us in this matter. We really want to lead the way in educating our users about this important protocol upgrade”, – stated Kajetan Maćkowiak, CoinDeal’s co-founder.
Being introduced in 2017, Segwit is a soft fork of the Bitcoin protocol. Its adoption is around 36% but the team behind CoinDeal believes that education of the community will change the situation.
CoinDeal Is Expanding
Moreover, the team pays special attention to such an aspect as safety. “For me as a programmer, user safety is a priority; no company that deals with money entrusted to them by their customer can forget about it. “- said Adam Bicz, one of CoinDeal’s founders.
CoinDeal is actively developing its business in the US market. In the near future a beta version of the platform will be launched in some states. To expand across this region CoinDeal is working with the renowned Oster McBride PLLC.
It’s also worth mentioning that CoinDeal has become the first crypto firm to become a sponsor of a Premier League team – Wolverhampton Wanderers FC.
I’m a content writer and editor with extensive experience creating high-quality content across a range of industries. Currently, I serve as the Editor-in-Chief at Coinspeaker, where I lead content strategy, oversee editorial workflows, and ensure that every piece meets the highest standards. In this role, I collaborate closely with writers, researchers, and industry experts to deliver content that not only informs and educates but also sparks meaningful discussion around innovation.
Much of my work focuses on blockchain, cryptocurrencies, artificial intelligence, and software development, where I bring together editorial expertise, subject knowledge, and leadership experience to shape meaningful conversations about technology and its real-world impact. I’m particularly passionate about exploring how emerging technologies intersect with business, society, and everyday life. Whether I’m writing about decentralized finance, AI applications, or the latest in software development, my goal is always to make complex subjects accessible, relevant, and valuable to readers.
My academic background has played an important role in shaping my approach to content. I studied Intercultural Communications, PR, and Translation at Minsk State Linguistic University, and later pursued a Master’s degree in Economics and Management at the Belarusian State Economic University. The combination of linguistic, communication, and business training has given me the ability to translate complex technical and economic concepts into clear, engaging narratives for diverse audiences.
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