Now Supports Automated Bitcoin (BTC) Withdrawal, a leading cryptocurrency platform has taken yet another pioneering step by introducing Bitcoin (BTC) to a new token infrastructure. This move promises to address the biggest challenge that Bitcoin transactions have been suffering from for quite some time now. Bitcoin’s image has often been tarnished due to the time consumed while making transactions as well as the exorbitant fees it entails.

The migration of Bitcoin to a new token infrastructure by will augment faster Bitcoin withdrawals along with additional benefits like enhanced safety and security and better compatibility. Hong Kong Office Hong Kong Office

As per the announcement by the company and the latest review, users will be able to avail the following benefits:

  • Automated BTC withdrawals: Withdrawal requests will be processed without human intervention subject to the approval of’s advanced risk system. This will reduce the processing time from +1 working day to approximately 1 hour, depending on the network conditions.
  • Withdraw BTC to any address type: Users can withdraw to any Bitcoin address types, including SegWit addresses.
  • Spend BTC securely: Customers can now spend their BTC from SegWit address, which is considered more secure as compared to legacy addresses.
  • Deposit to P2SH-wrapped segwit addresses: Users can still deposit from legacy wallet providers who do not support native SegWit addresses yet, and rest assured that their funds will remain in the safe hands of

The official announcement also added that with this change of infrastructure, Bitcoin Wallet deposit addresses of users would change. Therefore, existing users need to check all previously stored/saved address locations and update to the new BTC address. The current addresses will be phased out by 30 April.

Vishal Parmar

A realist, self-driven and persistent entrepreneur, Vishal Parmar is the CEO of VAP Group and the founder of CryptoNewsZ. At the helm of operations at one of the fastest-growing Blockchain and crypto websites in the world, Vishal found his first technology firm at the age of 19. Born with strong business acumen, he entered the blockchain and crypto space in 2015, when Bitcoin was estimated around $400. Apart from managing his various teams, the multifaceted Vishal likes to travel the world and explore various cuisines. He is available on LinkedIn, Twitter and Facebook. He can also be reached on [email protected] for all matters, published content or feedbacks related to CryptoNewsZ.

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