What is Crypto Wallet Address?

Category: Crypto

1Definition

A unique string of characters representing a destination for sending and receiving cryptocurrency.

2Context

Like an account number for crypto. Public addresses are safe to share; private keys must be kept secret.

3Example

A Bitcoin wallet address looks like: 1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa

Common Trap

Wallet addresses aren't anonymous—all transactions are public on the blockchain and can be traced.

Related Terms

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