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Binance Supports SegWit Deposits for Bitcoin, now send bitcoin with low feeSegregated Witness (SegWit) is a Bitcoin transaction change that separates transaction signatures and scripts (witness data) from inputs and. Segwit stands for "?segregated witness"? and is a technique that reduces bitcoin transaction fees. Segwit moves all of the signature data in a bitcoin block to. SegWit (short for Segregated Witness) is a protocol upgrade that changes the way data is stored. It was activated on litecoin on May 10,