Deposit and withdrawal guide, it is hard to tell the difference between different addresses❓

Because there are too many Layer1s in Web3, I cannot give every example in detail, so I divide the addresses into three categories to help you understand and avoid future transfer errors

1. BTC address

2. EVM address

3. Non-EVM address

1. First of all, the BTC address. Why do I emphasize it? Before the inscription market, many people may not have noticed it, which led to many people actually recharging the wrong address (but it does not mean that the assets are lost)

A Bitcoin network has different addresses. In written terms, there are four categories: ordinary address, segregated witness (compatible), segregated witness (native) and Taproot address

(1) The first type of address is generally the most expensive and starts with "1"

(2) The second type of address starts with Starting with "3", it is generally used for multi-signature. It doesn't matter if you don't understand multi-signature. I'll just mention it casually. This is not the scope of a novice.

(3) The third address starts with "bc1q", and the transaction fee is cheaper than the first two.

(4) The fourth address starts with "bc1p". Note the difference from the third one. One is "q" and the other is "p". The latter "p" is also the more mainstream one currently used.

Answer the most core question: the receiving address of the inscription is the fourth type.

2. EVM address: Almost all ecological systems with ETH as the core basically use the same address format (0x). Whether it is an EVM-compatible side chain (such as BSC, one of the AVAX chains, etc.) or various L2s (ARB/OP/MATIC, etc.), as long as you hear any ETH If you don't see words like L2 or EVM compatible, and you withdraw money to an address starting with 0x, there is a high probability that you will not make a mistake. It's just that you may have withdrawn to the wrong chain, but you can find it by looking it up.

3. Non-EVM address: This requires special attention, because many Layer1s have their own systems, including Binance Chain, which also has addresses starting with non-0x. We need to carefully distinguish these, and some even require additional signature notes when transferring money to be effective.

Therefore, when we encounter an address starting with non-0x, if it has been ruled out as a Bitcoin address, then we must check it carefully. If you are not sure, it is best to check the guide on the Internet. For example, in the case of a network with multiple chains like Binance Chain and AVAX, the withdrawal channel you mentioned may be completely different from the withdrawal channel mentioned by the other party.

Therefore, the problems we usually encounter are actually non-EVM ones. It is very easy to distinguish the two major schools of BTC and ETH after getting used to them, but non-EVM ones may change a chain, which is a completely different address format and accompanying requirements~$BTC