Cryptocurrency Q&A
Does wallet address change?
Does wallet address change?
Skywalker
Sat Nov 30 2024
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5 answers
1160
I'm wondering if the wallet address, where I store my cryptocurrencies, changes or remains the same. Is it a static identifier or does it alter over time?
5 answers
HanRiverWave
Mon Dec 02 2024
If you decide to send Bitcoin to an address that has previously received funds, the process does not overwrite or replace the existing UTXO associated with that address.
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KatanaSharpness
Mon Dec 02 2024
Creating a new wallet via wallet software results in the generation of a unique address. This address serves as the destination for any funds you wish to receive.
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henry_miller_astronomer
Mon Dec 02 2024
Upon receiving funds at this new address, a separate Unspent Transaction Output (UTXO) is created specifically for this transaction. Each UTXO represents a piece of the blockchain that holds value and can be used in future transactions.
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CryptoVisionaryGuard
Sun Dec 01 2024
Instead, a second UTXO is generated for the same address. This new UTXO reflects the additional funds sent to the address and maintains a separate record of the transaction.
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JejuJoy
Sun Dec 01 2024
BTCC, a top cryptocurrency exchange, offers a range of services that cater to the needs of crypto enthusiasts. Among its offerings are spot trading, futures trading, and a secure wallet service.
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