diff --git a/go.mod b/go.mod
index a038a21..7902c73 100644
--- a/go.mod
+++ b/go.mod
@@ -32,6 +32,7 @@ require (
 	github.com/mattn/go-sqlite3 v1.14.6 // indirect
 	github.com/modern-go/concurrent v0.0.0-20180306012644-bacd9c7ef1dd // indirect
 	github.com/modern-go/reflect2 v1.0.2 // indirect
+	github.com/mr-tron/base58 v1.2.0 // indirect
 	github.com/pmezard/go-difflib v1.0.0 // indirect
 	github.com/ugorji/go/codec v1.2.6 // indirect
 	golang.org/x/sys v0.0.0-20210923061019-b8560ed6a9b7 // indirect
diff --git a/go.sum b/go.sum
index 93ae7d0..f6c15fc 100644
--- a/go.sum
+++ b/go.sum
@@ -65,6 +65,8 @@ github.com/modern-go/concurrent v0.0.0-20180306012644-bacd9c7ef1dd/go.mod h1:6dJ
 github.com/modern-go/reflect2 v0.0.0-20180701023420-4b7aa43c6742/go.mod h1:bx2lNnkwVCuqBIxFjflWJWanXIb3RllmbCylyMrvgv0=
 github.com/modern-go/reflect2 v1.0.2 h1:xBagoLtFs94CBntxluKeaWgTMpvLxC4ur3nMaC9Gz0M=
 github.com/modern-go/reflect2 v1.0.2/go.mod h1:yWuevngMOJpCy52FWWMvUC8ws7m/LJsjYzDa0/r8luk=
+github.com/mr-tron/base58 v1.2.0 h1:T/HDJBh4ZCPbU39/+c3rRvE0uKBQlU27+QI8LJ4t64o=
+github.com/mr-tron/base58 v1.2.0/go.mod h1:BinMc/sQntlIE1frQmRFPUoPA1Zkr8VRgBdjWI2mNwc=
 github.com/pkg/diff v0.0.0-20210226163009-20ebb0f2a09e/go.mod h1:pJLUxLENpZxwdsKMEsNbx1VGcRFpLqf3715MtcvvzbA=
 github.com/pmezard/go-difflib v1.0.0 h1:4DBwDE0NGyQoBHbLQYPwSUPoCMWR5BEzIk/f1lZbAQM=
 github.com/pmezard/go-difflib v1.0.0/go.mod h1:iKH77koFhYxTK1pcRnkKkqfTogsbg7gZNVY4sRDYZ/4=
diff --git a/pkg/client/codec.go b/pkg/client/codec.go
index 5d11bce..82cb2c0 100644
--- a/pkg/client/codec.go
+++ b/pkg/client/codec.go
@@ -4,11 +4,14 @@ import (
 	"encoding/base64"
 	"encoding/hex"
 	"fmt"
+
+	"github.com/mr-tron/base58"
 )
 
 const (
 	CodecNone   = "none"
 	CodecHex    = "hex"
+	CodecBase58 = "base58"
 	CodecBase64 = "base64"
 )
 
@@ -19,7 +22,7 @@ var (
 
 func SetBinaryCodec(codec string) error {
 	switch codec {
-	case CodecNone, CodecHex, CodecBase64:
+	case CodecNone, CodecHex, CodecBase58, CodecBase64:
 		BinaryCodec = codec
 	default:
 		return fmt.Errorf("invalid binary codec: %v", codec)
@@ -32,6 +35,8 @@ func encodeBinaryData(data []byte, codec string) string {
 	switch codec {
 	case CodecHex:
 		return hex.EncodeToString(data)
+	case CodecBase58:
+		return base58.Encode(data)
 	case CodecBase64:
 		return base64.StdEncoding.EncodeToString(data)
 	default:
diff --git a/pkg/client/codec_test.go b/pkg/client/codec_test.go
index 1c25f1d..a54357a 100644
--- a/pkg/client/codec_test.go
+++ b/pkg/client/codec_test.go
@@ -13,6 +13,7 @@ func TestSetBinaryCodec(t *testing.T) {
 		err   error
 	}{
 		{input: CodecNone, err: nil},
+		{input: CodecBase58, err: nil},
 		{input: CodecBase64, err: nil},
 		{input: CodecHex, err: nil},
 		{input: "foobar", err: errors.New("invalid binary codec: foobar")},
@@ -37,6 +38,7 @@ func Test_encodeBinaryData(t *testing.T) {
 		encoding string
 	}{
 		{input: "hello world", expected: "hello world", encoding: CodecNone},
+		{input: "hello world", expected: "StV1DL6CwTryKyV", encoding: CodecBase58},
 		{input: "hello world", expected: "aGVsbG8gd29ybGQ=", encoding: CodecBase64},
 		{input: "hello world", expected: "68656c6c6f20776f726c64", encoding: CodecHex},
 	}
diff --git a/pkg/command/options.go b/pkg/command/options.go
index 85f6490..261601e 100644
--- a/pkg/command/options.go
+++ b/pkg/command/options.go
@@ -42,7 +42,7 @@ type Options struct {
 	ConnectionIdleTimeout        int    `long:"idle-timeout" description:"Set connection idle timeout in minutes" default:"180"`
 	Cors                         bool   `long:"cors" description:"Enable Cross-Origin Resource Sharing (CORS)"`
 	CorsOrigin                   string `long:"cors-origin" description:"Allowed CORS origins" default:"*"`
-	BinaryCodec                  string `long:"binary-codec" description:"Codec for binary data serialization"`
+	BinaryCodec                  string `long:"binary-codec" description:"Codec for binary data serialization, one of 'none', 'hex', 'base58', 'base64'" default:"base64"`
 }
 
 var Opts Options