Legacy address vs. SegWit address

Bitcoin Cash emerged from a hard fork off the Bitcoin blockchain. As a result, both coins now reside on different blockchains. If Bitcoin Cash is sent to a legacy Bitcoin address, it is recoverable in your main Bitcoin Cash account. However, if Bitcoin Cash is sent to a newer, SegWit Bitcoin address, it is very likely it will be lost forever. If you have made this mistake, you can try using the SegWit recovery tool.

What is CashAddr?

CashAddr is a new Bitcoin Cash address tool that helps differentiate a Bitcoin Cash address from a Bitcoin address. This helps prevent sending funds to the wrong address and losing it as a result.

The new “CashAddr” address format will appear noticeably different, with a prefix that is easy to spot as a Bitcoin Cash address. An example is: 

bitcoincash:q832ksznhks2fesdf9mms6s4cwef74vc83kf8gd035

Please note that all transactions are irreversible. Huobi is not liable for any funds sent to an incorrect address or wallet.

Does Huobi US use CashAddr?

At this time, we have not added CashAddr to our marketplace. If you would like to be notified when CashAddr is available on Huobi, join one of our social media channels to receive updates as we move closer to this exciting feature.