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If you're a "normie" getting started with Bitcoin and you've set up a wallet why the bitcoin wallet address is changing and performed a few transactions, you may have found a startling discovery, the wallet address you used previously no longer displays why the bitcoin wallet address is changing your wallet.
For most of us, our default reaction is "I am being hacked", but this is far from the case, in fact, its a security protocal built into the Bitcoin network.
Why Bitcoin Addresses keeps changing When you send funds from your Bitcoin wallet, the specified amount of funds are sent to the intended Bitcoin address, while the remainder of the funds stored in the sending bitcoin address is sent to what is referred to as a "change" bitcoin address associated with the same bitcoin wallet.
The change is not available to spend until the bitcoin transaction gets confirmed on the bitcoin network funds get delivered to the intended address. This may sound a bit complex but allow me to break it down in a more practical manner.
Note: Change addresses work the same way on the Bitcoin Cash network. Do wallet address changes happen for all cryptocurrencies? While you may notice that your Bitcoin and Bitcoin cash addresses change every time you receive funds, other cryptocurrencies don't apply the same rules. When using a specific cryptocurrency, its essential to do your research and know precisely how each one works to ensure you don't end up sending funds to the wrong address.
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- Follow To protect your privacy, the BitPay App generates new addresses for your wallet automatically after you use a bitcoin or bitcoin cash address one time.
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Should you be panicking? There is no need to be alarmed by this.
How Do I Find My Bitcoin Wallet Address On Coinbase - Bitcoin Wallet
These automatically generated addresses after every transaction are done to protect your privacy so that a third-party can not view all other trades associated with your account only by using a blockchain explorer to look-up an address they know to be yours. What happens to the previous addresses?
Why did my Bitcoin address changed?
All addresses generated for your account will remain associated with your private key account forever. They are safe to re-use to receive future payments, but for the prior stated reasons, we recommend using a unique address for all transactions.
Tell us your story Have you started using Bitcoin? How have you found managing and transferring your funds? Let us know in the comments.
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Do wallet address changes happen for all cryptocurrencies?
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