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What is an address for cryptocurrencies?

A crypto address is a unique string of characters that identifies a specific crypto wallet. You can think of it as the crypto equivalent of a bank account number in traditional banking. A crypto address is essential information needed to be able to send and receive cryptocurrencies.

What does a crypto address look like?

The format of crypto addresses will vary depending on the blockchain network they are assimilated with. For example, a Bitcoin address looks completely different from an Ethereum address.

Is a crypto address a public key?

A crypto wallet comes with two keys to access it: a public key and a private key. The crypto address of a wallet is derived from the public key. This can be shared with others to be able to receive funds. However, the private key must remain secret as this is the key that allows access to the wallet and the funds in it.

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