There are three bitcoin address formats currently in use:
- P2PKH addresses start with the number 1.
- P2SH addresses start with the number 3.
- Bech32 addresses also known as "bc1 addresses" start with bc1.
- QR Codes can also be used as a wallet address.
Paxful allows withdrawals to P2PKH, P2SH, and Bech32 addresses.