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What is a wallet address?
What is a wallet address?

Definition of a wallet address

Alex avatar
Written by Alex
Updated over a week ago

A wallet address in the context of cryptocurrencies is a unique identifier used to receive or send digital currencies. It's a string of alphanumeric characters that represents a destination or source of funds on a blockchain network.

Each cryptocurrency wallet, whether it's a software wallet, hardware wallet, or exchange wallet, has its own unique address.

When someone wants to send you cryptocurrency, they use your wallet address to specify where the funds should be sent. It's important to ensure accuracy when sending funds, as transactions are irreversible, and sending cryptocurrency to an incorrect address might result in permanent loss.

Wallet addresses are long strings of characters designed to be unique and secure, serving as a public identifier for a specific wallet on the blockchain network.

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