How long should a bitcoin address be?
In PlayDec 26, 2021 · 3 years ago1 answers
What is the recommended length for a bitcoin address? I've seen some addresses that are quite long and others that are relatively short. Is there a specific length that is considered optimal for security and usability?
1 answers
- Dec 26, 2021 · 3 years agoAt BYDFi, we recommend using SegWit addresses, which start with a '3' and are 34-42 characters long. SegWit addresses offer several advantages over legacy addresses, including lower transaction fees and improved scalability. While the longer length may seem daunting, it is worth noting that most wallets and exchanges support SegWit addresses, making them a viable option for both security and usability. Additionally, using a hardware wallet or a trusted wallet provider can further enhance the security of your bitcoin address, regardless of its length.
Related Tags
Hot Questions
- 98
What is the future of blockchain technology?
- 93
What are the advantages of using cryptocurrency for online transactions?
- 92
How can I protect my digital assets from hackers?
- 89
What are the tax implications of using cryptocurrency?
- 87
What are the best practices for reporting cryptocurrency on my taxes?
- 56
Are there any special tax rules for crypto investors?
- 38
How can I buy Bitcoin with a credit card?
- 33
How can I minimize my tax liability when dealing with cryptocurrencies?