Cryptocurrency Q&A
Why do I have multiple Bitcoin addresses?
Why do I have multiple Bitcoin addresses?
BlockchainWizard
Mon Dec 02 2024
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5 answers
1089
I'm wondering why I have several Bitcoin addresses. I know each address can be used to receive bitcoins, but why would I need more than one? Is there a specific reason or advantage to having multiple addresses?
5 answers
SejongWisdomKeeper
Wed Dec 04 2024
The utilization of multiple addresses for certain assets serves a distinct purpose.
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Bianca
Wed Dec 04 2024
In the Exodus wallet, assets based on the UTXO model, such as Bitcoin, incorporate the functionality of multiple addresses.
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SeoulSoul
Tue Dec 03 2024
This feature allows for an enhanced level of privacy for users.
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Claudio
Tue Dec 03 2024
By employing a fresh address for every transaction, users can ensure that their transaction history and balances remain somewhat obscured.
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Eleonora
Tue Dec 03 2024
When sharing an address with others, they can only access the information pertinent to that specific address.
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