diff --git a/base58/base58.go b/base58/base58.go
index 19a72de..1448dda 100644
--- a/base58/base58.go
+++ b/base58/base58.go
@@ -11,6 +11,7 @@ import (
 //go:generate go run genalphabet.go
 
 var bigRadix = big.NewInt(58)
+var bigRadix10 = big.NewInt(58 * 58 * 58 * 58 * 58 * 58 * 58 * 58 * 58 * 58) // 58^10
 var bigZero = big.NewInt(0)
 
 // Decode decodes a modified base58 string to a byte slice.
@@ -51,10 +52,32 @@ func Encode(b []byte) string {
 	x.SetBytes(b)
 
 	answer := make([]byte, 0, len(b)*136/100)
+	mod := new(big.Int)
 	for x.Cmp(bigZero) > 0 {
-		mod := new(big.Int)
-		x.DivMod(x, bigRadix, mod)
-		answer = append(answer, alphabet[mod.Int64()])
+		// Calculating with big.Int is slow for each iteration.
+		//    x, mod = x / 58, x % 58
+		//
+		// Instead we can try to do as much calculations on int64.
+		//    x, mod = x / 58^10, x % 58^10
+		//
+		// Which will give us mod, which is 10 digit base58 number.
+		// We'll loop that 10 times to convert to the answer.
+
+		x.DivMod(x, bigRadix10, mod)
+		if x.Cmp(bigZero) == 0 {
+			// When x = 0, we need to ensure we don't add any extra zeros.
+			m := mod.Int64()
+			for m > 0 {
+				answer = append(answer, alphabet[m%58])
+				m /= 58
+			}
+		} else {
+			m := mod.Int64()
+			for i := 0; i < 10; i++ {
+				answer = append(answer, alphabet[m%58])
+				m /= 58
+			}
+		}
 	}
 
 	// leading zero bytes
diff --git a/base58/base58bench_test.go b/base58/base58bench_test.go
index 2ab8fca..04c4a00 100644
--- a/base58/base58bench_test.go
+++ b/base58/base58bench_test.go
@@ -11,25 +11,37 @@ import (
 	"github.com/btcsuite/btcutil/base58"
 )
 
-func BenchmarkBase58Encode(b *testing.B) {
-	b.StopTimer()
-	data := bytes.Repeat([]byte{0xff}, 5000)
-	b.SetBytes(int64(len(data)))
-	b.StartTimer()
+var (
+	raw5k       = bytes.Repeat([]byte{0xff}, 5000)
+	raw100k     = bytes.Repeat([]byte{0xff}, 100*1000)
+	encoded5k   = base58.Encode(raw5k)
+	encoded100k = base58.Encode(raw100k)
+)
 
+func BenchmarkBase58Encode_5K(b *testing.B) {
+	b.SetBytes(int64(len(raw5k)))
 	for i := 0; i < b.N; i++ {
-		base58.Encode(data)
+		base58.Encode(raw5k)
 	}
 }
 
-func BenchmarkBase58Decode(b *testing.B) {
-	b.StopTimer()
-	data := bytes.Repeat([]byte{0xff}, 5000)
-	encoded := base58.Encode(data)
-	b.SetBytes(int64(len(encoded)))
-	b.StartTimer()
-
+func BenchmarkBase58Encode_100K(b *testing.B) {
+	b.SetBytes(int64(len(raw100k)))
 	for i := 0; i < b.N; i++ {
-		base58.Decode(encoded)
+		base58.Encode(raw100k)
+	}
+}
+
+func BenchmarkBase58Decode_5K(b *testing.B) {
+	b.SetBytes(int64(len(encoded5k)))
+	for i := 0; i < b.N; i++ {
+		base58.Decode(encoded5k)
+	}
+}
+
+func BenchmarkBase58Decode_100K(b *testing.B) {
+	b.SetBytes(int64(len(encoded100k)))
+	for i := 0; i < b.N; i++ {
+		base58.Decode(encoded100k)
 	}
 }