![]() ![]() Its a cryptographic code thats paired to a private key. You can send that to people, and they can scan it with the camera function on their smartphone or other device using a mobile wallet application to easily access your wallet address. What Is a Public Key public key allows you to receive cryptocurrency transactions. ![]() You are also given a Quick Response code (or QR code). It is a long series of numbers and letters like this one - for example mine are:Ġx17504553eBA2433e6952e75f4b80D23c0d519AE1 The public address of your Wallet allows you to receive cryptocurrency from other wallets or external transactions. The public key coupled with the private key are significant tools required to ensure the security of your crypto assets.Įveryone who owns cryptocurrencies (Bitcoin, Ethereum, …) has to have a unique identifier or address - similar to as you would have with a bank account, just like an IBAN. Getting a Wallet is STEP ONE towards getting a public address and adding it to your Bity account in order to buy/sell or swap cryptocurrencies.Ĭryptocurrency public addresses are free to create, and there’s an essentially limitless supply of them - it’s considered good practice to use a new address every time you want to receive Bitcoins or Ethers, as it makes correlating your monetary habits more difficult.Ī public address or public key is a cryptographic code that allows a user to receive cryptocurrencies into his or her account. ![]()
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