What is the difference between a BTC wallet address and a public key?

3 answers

• Dec 26, 2021 · 3 years ago
  A Bitcoin wallet address is like your email address, while a public key is like your email password. The wallet address is a string of characters that you share with others to receive Bitcoin, similar to how you share your email address to receive messages. On the other hand, the public key is used to verify your ownership of the wallet address and create digital signatures for transactions. It's like your email password, which you keep private and use to authenticate yourself when sending emails.
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• Dec 26, 2021 · 3 years ago
  Think of a Bitcoin wallet address as your home address and the public key as the key to your home. The wallet address is where people send you Bitcoin, just like how people send packages to your home address. The public key, like the key to your home, is used to unlock and access the funds associated with the wallet address. It's a cryptographic key that allows you to prove ownership and authorize transactions.
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• Dec 26, 2021 · 3 years ago
  When it comes to Bitcoin, a wallet address and a public key are closely related but serve different purposes. A wallet address is a shorter, more user-friendly representation of the public key. It's generated by applying a series of mathematical operations to the public key. The wallet address is what you share with others to receive Bitcoin, while the public key is used behind the scenes to verify transactions and ensure the security of your funds. At BYDFi, we prioritize the safety and privacy of our users' funds, which is why we use advanced encryption techniques to protect wallet addresses and public keys.
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