What is a Bitcoin address?

[Mathiasdgreat 121]

Your post is educative my dear. Bitcoin address is a unique identifier comprises of a string of 26-35 alphanumeric characters that serves as a virtual location where bitcoin can be sent. Bitcoin address is to bitcoin as what Email address is to fiat currencies.

[Cryppro 1008]

If you are here in this forum working and learning about the cryptocurrenies and even if you don't know about the bitcoin address then you have to again watch the different videos about the cryptocurrenies and come to the forum. Bitcoin address is the numbers and words collection of the numbers which is used to send and receive bitcoin.

[Reyna 576]

On 10/9/2020 at 7:59 PM, Chrenova said:

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

I didn't know that there's a lot of types of bitcoin address here in cryptocurrency, thanks for sharing it because it helps a lot for the members here like me to know more about bitcoin address. Just continue to share some informative post!

[Yachu 456]

On 10/9/2020 at 7:59 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

Indeed. Bitcoin addresses are like emails. It is like your private key so that every payment and transaction that you do will be stored in that key. You should be careful on not giving it to stranger because it might be hacked. Also be careful on pasting it on sites that aren't trusted.

[TimopheyKa 3900]

In fact, getting started with Bitcoin is not difficult at all. You don't need to understand bitcoin technology to use It. All you have to do is download a bitcoin wallet and generate a bitcoin address. Then you can easily buy bitcoin, receive it, send It, store it, and use BTC.

 

Ultimately, to get started with Bitcoin, you will first need a Bitcoin address. Here, in this beginner's guide, we will explain what a bitcoin address is and how to get a public bitcoin address to securely receive, send, and store Bitcoins (BTC).

 

A bitcoin address, public address, or simply an address is a unique identifier that serves as a place where Bitcoins can be sent. It is also sometimes referred to as the receiving address and represents the source and destination of a Bitcoin payment.

 

You can share your BTC address with others and ask them to send Bitcoin to your address. It is very similar to your Bank account number, which You use to receive, send, and manage money.

[Umair976 10]

Bitcoin  address is consist of longer and smaller letters,  numaric numbers which is like the other currency address. 

This address is use for the transactions of currency and it's structure make us the scure. 

[hatambaba 1064]

A Bitcoin address is an identifier of alphanumeric characters that represents a possible destination for a bitcoin payment. Addresses can be generated freely by anyone. Bitcoin addressee begins with the number 1, 3 or bc1.

[matias estigarribia 1605]

Graphic for the friend information, the cryptocurrency addresses are alphanumeric and have between 26 and 35 characters, this address provides us with the wallets or platforms where we have our cryptocurrencies hosted. This address is used to make deposits and withdrawals!

[abohasnn9 2401]

Dear friend, the address of Bitcoin is the address of a wallet for storing Bitcoin, meaning it is like a bank account, but it is an electronic currency that is stored within wallets in electronic platforms or banks, and those wallets are fully encrypted to prevent the theft of currencies from within it Thank you

[Alimhana930 1605]

The address is the receiving and sending center on the network for users to eat a user who has a unique address In addition, it is possible to send coins that use the Bitcoin blockchain, and this also requires a Bitcoin address As in the case of the Ethereum title

[Charlyq34 363]

Something that I really had no idea about. Thank you friend for this useful information. Although I imagined that each wallet had "a unique address", I never imagined that it was so complex.
I think that these types of addresses come from very well designed algorithms that help us make our tickets and transactions more secure.

 

SailorMoon!

[komtak 584]

the addresses are our wallet where we will ship and obtain cryptocurrencies are referred to as public keys with them they could deposit us and everybody has their public key and there could be no other identical they may be all one of a kind.

[Camilah15! 663]

Bitcoin address simply means a unique identifier that serves as a virtual location where your bitcoin can be sent to. Bitcoin address are basically used to identify the location bitcoin will be sent to.

[Hifssa 215]

On 10/9/2020 at 5:20 PM, norbercripto said:

Excellent post.
I just add one little thing: the network used the Pay to Public Key (P2PK) script, but due to the vulnerability of suffering a future attack by quantum computers, it was changed to P2PKH for greater security and protection of the network. And since then, this script plays a very important role in most of the transactions carried out in Bitcoin.
Greetings.

Much obliged to you for this important snippet of knowledge. I had no clue about what Bitcoin address was. Since we are all the more effectively associated with treating with coins it is exceptionally important that the clients know the idea driving Bitcoin address. I see that Bitcoins have Bitcoin address since they have restricted in amount and consequently to make secure transaction.I also want to add something not only bitcoin every digital currency have address.

[koynayak 1923]

Bitcoin address is a similar to the bank accounts. You can share your BTC wallet address with others. With this, they will be able to send you BTC. This address can also be represented as a QR code, and if somebody wishes to send or pay you in BTC, they can scan the code using their BTC wallet and send BTC to your wallet. I think this is the future currencies and probably in the next 3-5 years inside it'll be more popular.

[FARISOKTAV 970]

It is your personal wallet adress. you use it to receive money by telling this adress to the person who will send you bitcoin . if you want to send bitcoin, you must have the recipent's adress and you can send it to this adress. transactions happen on the blockchain and usually transfering btc costs a great deal of fee. (about 5 dollars minimum in current gas fees) 

[Farukatie 1271]

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

An BTC address is an address that is used to send or receive our cryptocurrencies from ome place to another. Actually every wallet has it own change address for every account. Ao that cryptocurrencies can be send at right places.

[Qainth 0]

Bitcoin address is used to receive or send bitcoin from one wallet to another wallet. Every wallet has unique bitcoin address. We cannot transfer our bitcoins from one wallet to another wallet without bitcoin address.

[Noman tabassum 1334]

Bitcoin address is the address by which you can send and receive money. It's a great platform for you to learn and earn at the same time. You will really enjoy this Platform and you can share your experience with others people also by posting your content. You can also go through other experiences by reading the article and their view of the platform 

[Quickbee 26]

Thank you for explaining to us what a Bitcoin address means. That there are three types of format is certainly news to me and several members of the forum. The importance of an address is also well explained 

[Mubarak Salihu Ahmed 1350]

Bitcoin address is a combination of unique alphabets and numbers that is generated to eWallets used to carry out transactions.this is also in relation to other cryptocurrencies.we can rely on it in order to send and receive money.bitcoin and other cryptocurrencies address is important to make withdrawals and other transactions.

[Mubiflow 1771]

Bitcoin addresses is just like any address like bank account or house address this is a means of of contacting your wallet and get your fund transfer to your account or wallets through a block chain this is one of the most secure type of transaction which which is very fast and doesn't miss @M.bello 

[Zafar123 906]

A Bitcoin address indicates the source or destination of a Bitcoin payment. Similar to sending an email, if you want to send bitcoins to your friend, you would send your bitcoins from your Bitcoin address to your friend's Bitcoin address.

[Ababakrin 906]

Nice question. All I know about bitcoin address. Is the address which you can send or receive bitcoin or any coins in your local wallet. That's all I know about bitcoin address.

[Iman33 0]

Thank you, indeed, a wonderful and important topic that you reported to us. I did not know that there are three types of Bitcoin address form and that we can use the same address for new transactions.