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Bitcoin Cash Address, what is it?

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Written by   36
1 year ago

Bitcoin cash address is an identifier of 26-35 alphanumeric characters beginning with number 1, 3 or bc1 that represents a possibly destination for Bitcoin payment.
Addresses can be generated at no cost by any user of Bitcoin. It also using an account to an online wallet or exchange services in online.

A wallet consists of two very long sets of random numbers and letters. One of them is your wallet’s public address which other users will use to send BCH to you.

Another one is your private key, which gives you access to your funds and is used to sign off for a transaction. Always make sure to keep your private key safe and secure, as if you will lose access to it, or simply forget it, you will not be able to access your finds. Similarly, if anyone gets hold of your private key, all the funds in your wallet will be stolen.

and Bitcoin cash receiving address or public key, is like bank account number to use it receive coins but a bitcoin cash wallet address can change once you've used it for transaction unlike Bank account number stays the same.

The Bitcoin wallet also traceable because its public transaction of Bitcoins and stored permanently in Bitcoin network.

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Comments

Hmm.....I think Bitcoin is different from Bitcoin Cash,🤣🤣 thanks for the knowledge anyway 👊

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1 year ago

yeah......

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1 year ago

You seems to have mixed up Bitcoin BTC and Bitcoin Cash (BCH) and that makes most of the statements you copied into your article incorrect.

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1 year ago