How long should a bitcoin address be?
Umar HayatDec 16, 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 16, 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
- 82
What are the best digital currencies to invest in right now?
- 73
Are there any special tax rules for crypto investors?
- 72
How can I minimize my tax liability when dealing with cryptocurrencies?
- 70
How can I protect my digital assets from hackers?
- 68
How does cryptocurrency affect my tax return?
- 63
How can I buy Bitcoin with a credit card?
- 56
What are the advantages of using cryptocurrency for online transactions?
- 51
What is the future of blockchain technology?