Address (Bitcoin Address)

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Bitcoins are ‘stored’ in something called a Bitcoin Address. They look more or less like a string of random characters, but they always start with a 1. They look something like this: 1M2ypiDHix2WiZnNiGzpf5QS5BPMQi1TUP

This address is safe to give to anyone, and anyone will be able to send Bitcoins to it or to see how many coins this particular address holds. Bitcoin addresses are free to create and there’s an essentially limitless supply of them – it’s often considered good practice to use a new address every time you want to receive bitcoins, as it makes correlating your monetary habits more difficult. This definition is also true for other cryptocurrencies.

 

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