Assets, Bitcoin

Is Bitcoin Address Same as Wallet ID?

When it comes to Bitcoin, there is a lot of confusion about what a Bitcoin address is. A Bitcoin address is not the same as a wallet ID. A wallet ID is a string of characters that uniquely identify a wallet. A Bitcoin address is a destination that can be used to send or receive Bitcoins.

When you want to receive Bitcoins, you provide your Bitcoin address to the person sending the funds. When you want to send Bitcoins, you input the address of the recipient.

A lot of people think that a Bitcoin address and a wallet ID are the same thing, but they are not. A wallet ID is used to identify a specific wallet, and a Bitcoin address is used to send or receive Bitcoins.

If you want to receive Bitcoins, you need to give someone your Bitcoin address. If you want to send Bitcoins, you need to input the address of the recipient.

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