Adding BTC/Ledger Live: Native Segwit V. Segwit?

[NYChyna]

Adding BTC account in Ledger Live/Nano X. Will be trading on binance.us and Bybit. Which is compatible Native Segwit or Segwit?

I read this and it freaked me out on binance.com (not binance.us)
"BTC, make sure the corresponding platform or wallet supports SegWit. If you choose an unsupported network or incompatible assets, your funds will not be recoverable."

Thanks in advance for all you knowledgeable minds in Cryptoland.

[TryNinja]

Just use native Segwit (addresses start with bc1q...), since both exchanges support them. In case the address it generates isn't seen as valid by another exchange/wallet you use, create a nested Segwit (addresses start with 3...) and use it for them. You can have both without any problem.

The warning is only there for users that send/use Bitcoin Cash (BCH) or another altcoin that isn't Bitcoin and lose their coins because of that.

[hosseinimr93]

As stated above by TryNinja, you should be able to use both kinds of segwit addresses.

Note that by using native segwit addresses (those that start with bc1), you can pay lower fees for your transactions.
A transaction made from a native segwit address has lower virtual size. This makes the transaction fee lower than the fee you have to pay for a transaction made from a nested segwit address.

[.act_]

But you can use any address to pay into binance, you can also use any address to pay out from binance into another wallet address. I do not think that statement is correct, but you should just do not pay into a wrong address because bitcoin transaction is not reversible. You can just take the advantave of using segwit to pay less fee. Binance do not support segwit that starts with 3 bitcoin addresses.

[ranochigo]

Binance do not support segwit that starts with 3 bitcoin addresses.

They do. It's a P2SH address and it should be the one address type that should be compatible given that it was introduced so long ago. Bech32 is also supported on Binance.