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Crypto Newbie: Wallet Addresses

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scaredycatguide
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Wallet Addresses and Private Keys

Wallet Address

Think of your wallet address like an email address for your Bitcoin. The address allows you to send and receive information.
There is no limit on the number of address you can have. You have the option to use the same address for all your transaction or to create a new each time.

Example

To send bitcoin from an exchange to your bitcoin wallet – you would copy your Bitcoin wallet address (which is your receive address) and put it in the address field on the send/withdrawal request on the exchange as seen below…

Image from thread

On the flipside - when you are sending Bitcoin from your wallet, you will use the (receive) address provided to you by the person or account you are sending bitcoin too.

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