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Chrenova

What is a Bitcoin address?

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Indeed, It was a wonderful post and especially who are new to this forum can get benefit from this topic and I appreciate your effort that you tried to help the junior members and tried to make them understand about the bitcoin currency and its working phenomenon and I enjoyed reading your content and hopefully , you will keep on posting topics like that. Stay blessed.

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Bitcoin address is very important in sending and receiving cryptocurrencies on your wallet 

Each wallet has its own unique address 

Your addresses can't be the same as other conservative addresses .

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On 10/9/2020 at 4:59 PM, Chrenova said:

Now, you may be wondering what a Bitcoin address is.

Simply put, a Bitcoin address is a string of numbers and letters that is used as a destination for crypto payments. Each wallet has its own BTC address, which is unique, similar to how you can have an email address to send you emails.

You can use the same address for multiple transactions, or you can generate a unique address for each transaction. Generating a Bitcoin address is easy within the wallet software, and there is usually a one-click button to do it.

And if you were wondering what a Bitcoin address looks like, there are currently three different formats:

Type 1: P2PKH type starting with number 1, such as 1BvBMSEYstWetqTFn5Au4m4GFg7xJaNVN2
Type 2: P2SH type starting with number 3, such as 3J98t1WpEZ73CNmQviecrnyiWrnqRhWNLy
Type 3: Bech32 type starting with bc1, such as bc1qar0srrr7xfkvy5l643lydnw9re59gtzzwf5mdq

Cripto-1-e1597158195563.jpg

Dear I never think about it because in any wallets the wallets give you the address so I never take worry about this send through our address we can make many transactions and can send our money I like your post it is informative.

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First of all I am very thankful to you for sharing your thoughts and information about the bitcoin address and secondly I would like to say that bitcoin address is generated in the wallet and every wallet has its own address.

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I was also confused for the first time . But now i know mor about crypto platform. The information about bit coin address is very important to make transaction and withdrawls

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Thank you, my friend, for this useful topic and this information that you have provided, but I think that it is not of great benefit to talk about it because it only concerns us about the address of our Bitcoin wallet and nothing else, from my point of view.

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Bitcoin's address is the general identifier of a person's Bitcoin wallet. Bitcoin's address is different from the public key and can be said to be a temporary fragmented version of the public key and contains the same title twenty-six to thirty-five characters and alphabetical number and must be converted to the format of the QR code to participate and there are three different types of Bitcoin addresses as follows 
P2PKH
P2SH
Bech32

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A bitcoin address is an address that the bitcoin have and that shows that is very coin have his own address and with this nothing can be done without inputting the address properly before it preform properly in the site.

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I did not know that the Bitcoin wallet has three different formats, but what is the purpose of that? Is it a security method or is it just a diversification to increase the number of addresses? I ask those who read my comment to explain to me

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Each member who deals in cryptocurrencies has his own wallet and this wallet has a public key and a private key, this public key is the Bitcoin address that consists of several letters and numbers that we can share on websites and platforms to send our currencies through it to our electronic wallet.

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My dear friend, as I kindly said, the bitcoin coin is symbols and numbers similar to the matrix and the special currency symbol is called BTC. This is the symbol known to this currency for all users of encryption platforms and the wallet has many types and each wallet has different address and greater advantages

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Thank you colleague for the valuable information,
The address is present in all Bitcoin currencies, the use is to buy and sell only Bitcoin and it is a key for all addresses and for each platform or wallet,
 Through it we can send and receive money.

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Thank you for this useful post. The Bitcoin address is a form of letters and numbers that we can through the reception and sending of bitcoin.

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 first of all I want to tell you that their brother Bitcoin address is address that we can you use in Saint and receive the money from other accounts I have already know about this but I think ok is a good information for juniors in new members

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Simply the Bitcoin address is an identification of your wallet on the trading platforms so that you can trade in the currency through and it is like an email address. Your personal thing on the networks 

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I was also confused for the first time but now I know about it. The information about bitcoin address is very important to make transactions and withdrawals.

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Is the address that can use to deposit Bitcoin in your wallet and you only generate wallet address for any cryptocurrency you want to use in the following cryptocurrencies exchange wallet like binance, coinbase and trust wallet which are the popular cryptocurrency exchange wallet.

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Hello there, this is a knowledgeable question, and everyone here needs to know what it means if they want to learn more about bitcoins. A bitcoin address is a 26-35 character address that is associated with bitcoins. Its letters are made up of both alphabets and numerals. This address can be used to make bitcoin transfers. Each wallet has its own unique address.

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this is for me is totally new information as a beginner in this forum I learn first time this type of information thanks a lot for sharing this you should have such a useful and unique information with us

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Well, according to my little much knowledge, the Bitcoin address is the address that is used to send or receive amount in Bitcoin. Different wallets and different exchange sites have different address of Bitcoins.

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Bitcoin have address in wallet and every wallet have different Bitcoin address it is a unique codes design for send and receiving coins in the wallet using Bitcoin address or any other address for it coin because Bitcoin address cannot be used for lithcoin and so on.

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Good information mate. Bitcoin address is necessary for transactions as we can send and receive money via bitcoin address. Every account has its unique Bitcoin address. So we need to be careful about btc address while making transactions and withdrawals.


"An Investment In Knowledge Always Pays The Best Interest"🌼

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The bitcoin wallet address is very vital as that what you will use to receive bitcoin from other wallets, so we most secure that very well so that the fraudster will not access that, anyway, thank you for raising this important point. 

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Each wallet has its own address
This is the address from which you can receive money and send it to an address that is the public key used to receive bitcoin
It is a combination of a series of letters and numbers just like the account number in traditional banking services. These keys are usually provided through your own wallet

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You, my honorable brother, published a useful thing. I knew that each wallet has a bitcoin address for the person who uses it, but the new thing that I knew is that there are three bitcoin addresses. Thank you my friend

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