What is a Bitcoin address?

[jasson 25]

bro bitcoins address is like your bank account number to sent ore receive money we need and bank account address so also in bitcoin account we need address to sent ore receive money 

[Mwangi 5611]

I never understood this one but the truth is , I just take it as a complex sentence but its one of those that we can enjoy to use to work with there is a lot of work and be able to really be sure about everything there are so many other things to follow and put together , the best you have stated is a good way to read what bitcoin address is , I never new there were three, and I have one that starts with 18

[GM266 673]

Bitcoin address is the unique mixture of numbers and letters which is used to locate an wallet address of btc. Through this address,we can easily send bitcoins into another limited address.Every bitcoin address is different. It's a fixed destination where all the amounts will go through a number of blocks. 

[Moon00 40]

A Bitcoin address is a 26- to 34-character string of letters and numbers that looks a bit garbled.

 

It is an address similiar to your account no in your bank

you can easily find it in your exchange platform when you purchase or sell bitcoin

[basel23 1722]

Thank you for this great educational post. I did not know that there are three different types of Bitcoin addresses. I think I am able to distinguish between them now.

[George10 9932]

On 10/9/2020 at 1:59 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

Well explanation mate on what bitcoin address is and I hope those who didn't know about it will really find help from your topic but I think almost everyone who deals with crypto currency must have some idea on what this really is and as for me I just refere to it as a bank account number for transacting and receiving payments but here this is only used ounce or twice for security reasons.

[pilat44 16]

a bitcoin address,or simply address, is an identifer of 26-35 alphanumaric characters,beginning whit the number 1,3 or bc1 that represents a possible destination for a bitcoin payment.

[GalaxyGuard 352]

This is good information about the different types of Bitcoin addresses, when the merchant creates an address, the wallet is automatically encrypted, and it is an encrypted account number with a specific code in the form of a set of numbers and letters, and this address is used to send money to this wallet, just like the bank account number.

[George10 9932]

59 minutes ago, Mosharraf said:

coinbase wallet, you can receive bitcoin via email

Yes with coinbase we can use emails to receive bitcoins instead of using wallet address and I think in the near future we will see this initiative being adopted by many and we will be able to use emails to receive crypto at easy from across the globe just as it is possible at coinbase and this will be great development in crypto currency industry.

[Mark wood 2970]

Bitcoin address everyone has their own address which you can find it in your specific wallet where you want to deposit it like binance when you want deposit you will need wallet address then you can put it in the withdrawal form..

[ramonn22 731]

Thank you very much dear colleague for providing us with information of interest to all members of the community since two provided information about the bitcoin addresses did not and so many of us do not get things a little clearer
good luck and big winnings
a big greeting

[Tabaluga 166]

A Bitcoin invoice address, or simply invoice, is an identifier of 26-35 alphanumeric characters, beginning with the number 1, 3 or bc1 that represents a possible destination for a bitcoin payment. Invoices can be generated at no cost by any user of Bitcoin. It is also possible to get a Bitcoin invoice address using an account at an exchange or online wallet service.

[Shaheer16 908]

Yes thats right, it is a good information for beginners. 

Everyone coin has its own adress by which we can receive or send coins. 

We can not send bitcoin on the address of ethereum. We can send or receive ethereum at ethereum address and bitcoin on bitcoin adress. 

[Shehraz bhatti 1703]

Every wallet have his own address to access the wallet btc wallet is the best wallet in the world and its address is also easy for everyone. Address is like a account with the help of you can send or recieve your money by others and you can send also money in btc with btc addres it is compulsory to work in btc.

[Zafarwaheed 0]

Fisrt of thanks for this topic my friend. The address is ameach currency is must be present in the all currencies,not just Bitcoin . Also the address for each platform and wallet is present. This address is very important and would be very helpful in buy or sell the currency.

[Imtasal Sandhu 440]

Thanks a lot for guiding us .

Before i know about BTC wallet & its importance but honestly speaking i don't knows that they are of 3 types .

New thing that i came into know today.👍

[Noghran 0]

Thank you for providing this useful information!
I think that every person who wants to enter the world of cryptotalk and start working and investing on the yobit platform, should know this basic information.
It is essential in every transaction process!

[Lazzi 424]

Bitcoin address is what I will call in literal terms bicoin account number although bicoin has it address mixup with both alphabet and number. You can use it to receive you btc and also check how far your transition have gone (confirmation).

[Fixfin 2569]

Bech32 segwit addresses will be the most used but there are still many using the traditional addresses starting with 1 making this cost more in fees. It is needed to move to segwit wallets and exchanges must do the changes because it has been years already since these changes were applied.

[DEREKHALE 1110]

BTC address is the spot on the blockchain where your coins are put away, ie. you own the keys of this particulr remarkable location which could then be put away on varios wallets, paper wallet which is most made sure about, at that point equipment wallet as Trezor, or web wallet or Hot concentrated trade wallet which is least secure as in return you dont own the keys,henceforth  your assets are not n your hands, consequently use trade wallet just for exchanging and afterward immediatelly move your assets to your made sure about close to home wallet.if help ful so hit the like♥️

[Viktur4 597]

The Bitcoin wallet address is same as other crypto currency address, it is just like a digital wallet where your earnings can be saved into and  it is a combination of  letters and numbers just like account number in a traditional banking system , where every account has its own different account number the same applies to wallet address.

[CathyJohnson42 250]

bitcoin is the first cryptocurrency. Bitcoin address is your wallet bitcoin address.In your wallet you can find btc address Which can use in transferring btc.

[ajabe2 1485]

Simply Bitcoin is the first Cryptocurrency in the world that was created by Satashi Nakamoto, It is an encrypted decentralized digital currency transferred between peers and confirmed in a public ledger via a process known as mining.

[Ummah97531 615]

Yes, basically!  Of course I think the Bitcoin address is specific to the Bitcoin wallet, which means it is the address where the Bitcoin currency will be stored and it is fully encrypted so that it is not stolen in any way.  It is encrypted by miners in several ways and then secured and sold to traders.

[Niklas65 199]

Bitcoin wallet being the address. You can transact your bitcoin through the address. This address is a combination of many texts and numbers. Addresses must be well monitored. The address is very secure. There is also a QR code system.