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Published a year ago

What Is A Crypto Address/addy?

Simply put, a crypto address is like your bank account number, and just like a bank account number, it makes it possible for someone to send cryptocurrency to you.

A crypto wallet address is typically made up of a string of letters and numbers, for example:

$ 1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa

Each cryptocurrency may use a different method to generate wallet addresses.

The address itself is produced by running additional cryptographic functions on the wallet's public key [↗].

This isn't just for security, but also to shorten the long public key into a more manageable and user-friendly string.

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