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Wallet Address

By CoinGecko | Updated on Aug 12, 2021
Wallet Addresses, also plainly refered as Addresses, is the string of alphanumeric where your cryptocurrencies are stored. An example of a wallet address on the Bitcoin Protocol is "3KJmVaMzKRxKbKTMQmfnKzecpsExs8tbkk" (CoinGecko's Bitcoin Donation address). Where the beginning "3" signifies that the addresses uses P2SH encoding, which is cheaper that sending to "1" addresses whilst still support "bc" addresses.

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Related Terms

Fear, Uncertainty and Doubt (FUD)
A strategy to dissuade people from buying a particular cryptocurrency by spreading false information
Distributed Ledger Technology (DLT)
Describes the technology that enables distributed ledger.
Mining
It is the process of the miners verify and adding transaction recors into a block.
Bitcoin ATM
A machine from which you can buy or sell Bitcoin. Typically also offers different types of cryptocurrencies.
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