How to Set My Binance Web3 Wallet’s Default Address (Taproot/Native SegWit)?

What are Taproot and Native SegWit?

Taproot is a technical upgrade for the Bitcoin network implemented in 2021. It aims to improve Bitcoin’s scripts to increase privacy, efficiency, and the network’s ability to process smart contracts. Learn more about Taproot from this Academy article.

SegWit is a protocol upgrade introduced in 2015. It aims to address the Bitcoin network’s scalability problem by reducing the transaction block size. By separating the transaction signatures from bitcoin transactions, SegWit allows more transactions to fit within one block to support smoother and quicker transactions. Learn more about SegWit from this Academy article.

What is the default Bitcoin address?

Binance Web3 Wallet has a default Bitcoin address. In some scenarios, the system will use the default address as an interactive address. For example, when you transfer funds on the Bitcoin network from your Binance Exchange Wallet to your Web3 Wallet, it will be transferred to your default Bitcoin address.

How to set my Web3 Wallet’s default Bitcoin address?

1. Log in to your Binance app and go to the Web3 Wallet. Tap [More] - [Networks].

2. Find [Bitcoin] and tap [Change].

3. Choose your preferred address as the default Bitcoin address.