What is a Bitcoin Address? [Ig-WPzeRtbE]
- What is a Bitcoin Address?
While a Bitcoin address works in a similar way to a bank account number, it is much more than that. The best way to answer the question "what is a Bitcoin address?" is to define it as a Bitcoin wallet identifier, of which there can be many.
Unlike a bank account number, a Bitcoin wallet can generate an unlimited number of Bitcoin addresses, which can be used to identify incoming funds from regular payers, or even as a way of enhancing your privacy.
Obviously to have a Bitcoin address you first need a Bitcoin wallet, and if you check my videos here you will see that I have put up one on the subject of choosing such a wallet.
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