Questions tagged [receiving address]

EthereumElite Fri Dec 06 2024 | 7 answers 1669

I'm wondering if a Bitcoin receiving address has an expiration date. Do these addresses remain valid indefinitely, or do they expire after a certain period of time?

Alessandro Wed Jul 10 2024 | 7 answers 836

For those new to the world of cryptocurrency, understanding how to generate a valid Bitcoin receiving address can be a bit daunting. The process generally involves the use of a Bitcoin wallet, which is a digital software program that allows you to send, receive, and store Bitcoins securely. When creating a receiving address, you'll first need to choose a wallet that suits your needs, whether it's a desktop, mobile, hardware, or web-based wallet. Once you've set up your wallet, you'll be prompted to create a new address, which is essentially a unique string of alphanumeric characters. This address is what you'll share with others to receive Bitcoins. It's important to note that each address is only meant to be used once for security purposes, so be sure to generate a new one each time you want to receive payments. So, in summary, the key steps are choosing a wallet, setting it up, and then generating a new receiving address whenever needed.