What is a Bitcoin Address?

Understanding your Bitcoin Address

bitcoin addressTo get a Bitcoin address so that you can send and receive Bitcoins, you’ll first need to create a Bitcoin Wallet. When you create your wallet, a unique identifier will be assigned to that wallet, and that will be your personal Bitcoin address. It will be unique to the wallet that you create, and no other Bitcoin wallet will ever have that address.

The Bitcoin network explains it this way:

“Behind the scenes, the Bitcoin network is sharing a public ledger called the “block chain”. This ledger contains every transaction ever processed, allowing a user’s computer to verify the validity of each transaction. The authenticity of each transaction is protected by digital signatures corresponding to the sending addresses, allowing all users to have full control over sending bitcoins from their own Bitcoin addresses.”

If you would like to see how to sign into your wallet and find your Bitcoin address, the following short video will walk you through the steps:

 

 


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