You can easily send your bitcoin from your Paxful wallet to an external wallet from the Wallet page. We support all major bitcoin wallet types, however, there is an exception.
There are three Bitcoin address formats currently in use:
- P2PKH addresses which begin with the number 1.
- P2SH addresses starting with the number 3.
- Bech32 addresses also known as "bc1 addresses" starting with bc1.
Bech32 is supported by the majority of software and hardware wallets, but only a few exchange platforms.
Paxful Wallet allows withdrawals to P2PKH and P2SH addresses but does not allow withdrawals to Bech32 addresses.
If you try sending BTC to a bech32 address, you will receive the following error message: “Unknown bitcoin address.” As a solution, we advise using a wallet that is based on a different address type to withdraw your bitcoin.