A cryptocurrency wallet is a secure digital wallet used to store, send, and receive digital currency like Bitcoin. To use any cryptocurrency, you will need to use a cryptocurrency wallet.
Now that you have your cryptocurrency wallet set up, you need to find your wallet address. Your wallet is essentially the account number for your cryptocurrency transactions. In Coinbase, you can find your wallet address by going into the “Accounts” tab and then selecting the applicable wallet. Unlike Blockchain, Coinbase has preestablished wallets for various cryptocurrency exchanges – Bitcoin, Ethereum, Litecoin, etc. By clicking “Receive,” you will find your wallet address and be provided with the QR code. The wallet address will look similar to 8a15ne4d-3d6c-6745-d282-da885h64pqf9.
Wallet addresses are safe to display publicly if you want to accept donations, tips, payments, etc. It is not possible to steal cryptocurrency with the wallet address alone. To access your funds, one would need your account information, login credentials, or private key. To send coins and receive coins, you only need to share your public wallet address (your “public key”). This only applies to wallets where you control your keys directly. If you use a custodial wallet, then use two-factor authentication and don’t share your password.
It is important to note that a cryptocurrency wallet address is not the same as a cryptocurrency address.
To trade or sell Bitcoin, you first have to have something to trade or sell, so let’s buy our first Bitcoin.
Post your comment on this topic.