What is Segregated Witnesses?

Segregated Witness, known as SegWit, is an upgrade to the Bitcoin Protocol that makes transactions more secure and efficient. By separating (segregating) the main part of the transaction data from the part that authourizes the transaction (witness), the entire transaction becomes more secure. Separating the two parts also makes the transaction data smaller, and thus allows more transactions to be sent at once.

SegWit is widely adopted in the Bitcoin community, the Bitcoin blockchain will be able to process more transactions. Quidax transactions are sent more quickly.

For more information about SegWit, please see the wiki article here or the Bitcoin Core team’s technical overview here.

What happens if I send BCH to a SegWit address?

If you incorrectly send Bitcoin Cash (BCH) to a SegWit (BTC) address, your funds will not be recoverable. The changes by SegWit are incompatible with Bitcoin Cash, and it is impossible to access any Bitcoin Cash which has been lost in this way.

Will I be able to send Bitcoin to Quidax from a non-SegWit address?

Yes. You can send to the Bitcoin receiving addresses for your Quidax account from any external Bitcoin address or wallet.

Does SegWit allow me to send other assets besides Bitcoin to my BTC address?

No. Digital assets sent to the wrong currency address will result in permanent loss of those assets.