Lower blockchain fees for external bitcoin wallet transfers?
Yes! It’s here!
With the new wallets, transactions will cost up to 6 times cheaper than ever before.
And bitcoin transfers between Wirex customers remain 100% FREE!
More and more people are investing in Bitcoin. Together with the growth of Bitcoin prices, this caused more transactions and a greater load on the blockchain. In turn, blockchain fees rose. The speed of transactions decreased. SegWit makes the bitcoin network faster and lighter.
For a technical background on SegWit visit Wirex SegWit Contingency Plan
Changes to your Wirex account
Please note: As part of these changes you will receive a brand new Segwit-enabled bitcoin address. When you open the app, you’ll see a new address. This is your Segwit address.
- Your old bitcoin address will no longer be visible inside your account.
- You can continue to receive funds from external transfers to the old address.
- Your total bitcoin balance (for both the old and new address) will be displayed in your account.