By Zac McClure, MBA · Reviewed by Alex Miles · Updated on June 13, 2025
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Key Takeaways
- A wallet address is a shareable, checksum-shortened string derived from your public key. Each blockchain (BTC, ETH, etc.) has unique address formats, and sending funds to the wrong chain may render them irrecoverable.
- Generate or locate an address in a custodial/non-custodial wallet, then copy the full string exactly to avoid typos or phishing scams.
Understanding Crypto Wallets
What Is a Crypto Wallet?
A crypto wallet stores private keys and enables blockchain transactions.
- Custodial wallets (e.g., exchange accounts) manage keys for you.
- Non-custodial wallets (e.g., Ledger, MetaMask) give you full control.
👉 Explore top-rated crypto wallets
Wallet Address Explained
A wallet address is like a public "email address" for receiving crypto. It’s mathematically linked to your public key but reveals zero risk if shared.
How It’s Created:
- Private Key → (Generates) → Public Key → (Processed by network rules) → Wallet Address.
Bitcoin Address Formats
| Type | Prefix | Example Use Case |
|---------------|--------|---------------------------|
| Legacy | 1 | Original Bitcoin format |
| P2SH | 3 | Multi-signature wallets |
| Bech32 | bc1 | SegWit (lower fees) |
How to Create & Find a Wallet Address
Step-by-Step Guide
- Choose a Wallet: Install Trust Wallet, Exodus, or set up a hardware device.
- Back Up Seed Phrase: Store 12/24 words offline.
- Generate Address: Navigate to "Receive" in your wallet.
Locating Your Address:
- Mobile/Desktop: Tap "Receive" for QR code/text.
- Exchanges: Check "Deposit" under the coin’s menu.
- Hardware Wallets: Verify addresses on the device screen.
Handling Wallet Addresses Safely
- Always copy-paste or scan QR codes.
- Verify first/last 4 characters before sending.
- Test small amounts for large transfers.
- Beware of malware swapping clipboard addresses.
👉 Protect your crypto with these security tips
Wallet Address FAQs
How do I find my wallet address?
Check the "Receive" section in your wallet app or exchange account.
Can I customize my wallet address?
Yes! Use ENS (.eth) or similar services, but verify resolved addresses.
Is my wallet address anonymous?
Addresses are pseudonymous but can be traced via blockchain analysis.
What’s the difference between wallets, keys, and addresses?
- Wallet: Stores keys.
- Private Key: Signs transactions.
- Public Key: Creates addresses.
- Address: Public receiving identifier.
Why Trust Our Experts?
Zac McClure (Wharton MBA) and Alex Miles (TokenTax Co-Founder) combine finance rigor with tech expertise to demystify crypto complexities.
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