Bitcoin wallet address: where to get it, how to create it, find out Bitcoin Address and get cryptocurrency on it
The popularity of bitcoin is growing, and at the same time, the number of those wishing to purchase a valuable cryptocurrency is also increasing. Unfortunately, you can’t just take money, go to the bank and buy Bitcoin. Therefore, beginners often have all sorts of questions about this, which require clarification. In the article, the Btcnewsweb.com editors will tell you what a bitcoin wallet address is, where to get it, how to get and find out all the information about it.
Bitcoin Address is needed to receive and transfer cryptocurrency to a wallet. For example, it must be specified when buying BTC in online exchangers or when withdrawing coins from a cryptocurrency exchange. Bitcoin addresses consist of a chaotic set of Latin letters and numbers (usually 33–34 characters long). This address is called public. They are generated from the private key. Anyone can get an address for free, but the first step is to create a wallet to store the BTC cryptocurrency. This can be done on exchanges, online services, using local applications on a computer or mobile device, etc. Below we will tell you more about this and show with an example where to look and what the address of a bitcoin looks like.
Output. A wallet is a private key and public address. Private keys should be kept out of the reach of third parties; public addresses can be indicated where necessary (when transferring from an exchange, from another person, in an exchanger, etc.). Learn more about all cryptocurrency wallets.
You can buy / sell bitcoin through:
✅ crypto exchanges (e.g. Binance, Currency, Exmo);
How to create wallets to store Bitcoin
There are several ways to store bitcoins, each with its own advantages and disadvantages.
✅ The easiest way is to create a Bitcoin wallet on an exchange where you can quickly buy or sell cryptocurrency. Popular exchanges in Russian in the CIS are: EXMO (works with fiat currencies – rubles, dollars, etc.); Binance is the largest in terms of trading volume in the world; Crypto exchange Localbitcoins is another platform that offers very convenient ways to withdraw fiat money; Livecoin exchange – many altcoins are available, works with common currencies.
On exchanges, you can buy, sell, exchange cryptocurrency, while there will be a wallet where it is easy to store virtual coins. Registration is standard, you need to specify your mailbox and come up with a password, be sure to confirm your email address (after registration, you will receive a letter from the exchange, which will contain a link that you need to follow). Having entered your personal account, you need to set security settings, connect 2fa-authentication and receive login codes via SMS or in the “Google authenticator” application. As a rule, it is not required to go through verification on the exchange, but if you need to use Visa / MasterCard cards, bank transfers, you will have to go through it.
If you work with Exmo, then mandatory account verification is not needed. You can immediately add money to your balance and buy Bitcoin, Ethereum, Ripple, Litecoin and other popular cryptocurrencies. This exchange has a wide selection of payment solutions for input and output, the site itself is multilingual, there are Russian and Ukrainian languages. The purchased cryptocurrency can then be withdrawn from the exchange to the address of another wallet.
✅ Install a local wallet on your computer. You can download it from bitcoin.org. Popular wallets are Exodus, Jaxx, Lumi, Copay, etc.
In this case, the wallet will be installed on a computer or phone. There are several applications from different developers to choose from. All wallets are divided into “heavy” (you need to download the entire blockchain) and “light” (synchronization with the network occurs online). The most popular wallets are: “heavy” – Bitcoin Core, “light” – Electrum.
When installing the Bitcoin Core wallet program, you immediately need to take care of the availability of free space on the computer disk, since after its launch, the program starts synchronizing with the network, during which blocks of all transactions are downloaded for the entire period of its existence. As a result, about 145 GB of information will be downloaded, so this process will take more than one hour. It is not difficult to use it, but it is imperative to make backups after each operation with a new wallet to restore in case of uninstalling the program (by going to the “Overview” section).
We recommend using the Electrum program. It does not require downloading the Bitcoin blockchain and is reliable enough. Literally in 5-10 minutes you can receive and send cryptocurrency. When installing, it is important not to forget to save the seed-phrase of 12 words in English (to restore access), as well as private keys for transferring to other wallets.
You can download programs from other developers that are not represented on this site, for example, Jaxx is a popular multicryptocurrency client for storing not only BTC, but also other cryptocurrencies. The advantage is that you don’t have to download all the blocks, but you need constant access to the Internet to work.
Review: “Bitcoin Wallet – How to Create”.
✅ Use online services as a Bitcoin wallet. For example, Blockchain (you can store BTC, ETH, BCH), Luno, Guarda, Coinfy and other sites.
It is enough just to register, then there will already be a wallet to which you can transfer cryptocurrency. It is clear that in this case you will not have to download the entire chain of blocks to the computer. You can create several accounts by changing only your email address during registration. Particular attention should be paid to security settings. It is better to use complex passwords for this; connect two-factor authentication 2fa; create mail for registration on a reliable service (best from Google – Gmail); install and update antivirus, etc. And write down and store passwords, logins, seed in a secluded place, without telling them to strangers.
For example, a Blockchain wallet:
✅ Install the app on a mobile phone or tablet: Exodus, Bread Wallet, Carbon, Jaxx, Kcash Wallet, Mycelium, Luno, Guarda, etc.
✅ Generate a paper wallet at bitaddress.org.
✅ Purchase a hardware wallet: Ledger, Trezor, Keepkey, etc.
When using any method, it is important to pay attention to data security, especially the storage of the private key.
Bitcoin wallet address: what is it and where to get it
The bitcoin wallet address is an arbitrary set of numbers and symbols of the Latin alphabet (about 33-34 characters long). It is created immediately after registering an account on online services or after installing the client program. For each new operation, it can be generated anew, but all old ones remain working. You need to be careful about copying the bitcoin address when transferring, so as not to miss any character (transactions cannot be canceled).
Here are some examples of how and where you can view Bitcoin Address:
- When registering on the Exmo exchange, in the “Wallet” section, click the “Replenish” button in the BTC line opposite BTC:
There will be the address of the bitcoin wallet for replenishing it on the exmo.me exchange (the minimum amount is 0.001 BTC). It is permanent, there is no way to generate new ones:
- On the LocalBitcoins exchange, go to “Wallet”, click “Get Bitcoins” and see the address. There is no minimum amount, the commission will be 0.00015 BTC:
- You can find the address on the Livecoin exchange by clicking “Balances” – “BTC” – “Replenishment”. A window will appear with instructions.
- On the Binance exchange, select “Asset” – “Deposit” – “Bitcoin” – “BTC Deposit Address”:
- In the Blockchain online wallet, click “Receive” (in English. Request). In the settings, you can create a new Bitcoin Address:
- In the Bitcoin Core program, you can find bitcoin addresses in the “Overview” section.
Review: “How to Buy Cryptocurrency”.
How to buy and receive Bitcoin to a wallet address
The main ways how to get bitcoins:
- Cryptocurrency exchanges are platforms for buying and selling coins. The most famous crypto exchanges that work with fiat money (traditional currencies): Exmo, BitFlip, Livecoin, Localbitcoins.
- The second way is to exchange the available currency (rubles, dollars, euros, hryvnia and others) for Bitcoin in exchange offices. List of trusted and safe exchangers: 60cek, Xchange, Prostocash.
For example, the verified Prostocash exchanger provides reliable, round-the-clock exchange at the best rate. Reserves – more than 600 thousand US dollars. The exchange is carried out with almost any electronic payment systems (Yandex, Qiwi, Advcash, Payeer, Perfect Money and others); works in the direction of Russian banks (Sberbank, Rosselkhozbank, VTB 24, Alfa-Bank, Russian Standard, AK-Bars); cryptocurrency exchanges (Exmo code, Livecoin voucher).
The reviews are positive, for example, in the monitoring of Kurs-expert:
For example, to buy bitcoins for rubles, it is enough to select the direction “Sberbank” to “Bitcoin” and the amount:
Specify exchange details: bank card information and wallet address for receiving bitcoin. Click “Exchange” and receive payment instructions. If you have any questions, you need to contact the online support chat of the electronic money exchanger.
After confirming the operation on the network, the cryptocurrency will be sent to the Bitcoin wallet address that is specified. Usually, the crediting time depends on the amount of the paid commission and ranges from several minutes to an hour. In each wallet, its optimal size is set, but it can be changed up or down.
How to find out information on a bitcoin address
It is always important to know the status of the transaction and information about the Bitcoin wallet address. The Bitcoin network is public, and the history of all transactions is open for public viewing. But since the network is anonymous, it is not possible to find out who the owner is, if he himself did not inform about it.
To view all available information, the Blockchain service will help, in which you can store cryptocurrencies: BTC, ETH, BCH, XML. When you go to the site, there will be a search box “Block, Hash, Transaction” at the top.
You need to insert the address of any Bitcoin wallet or hash (transaction identifier) and view all information about the balance, completed transactions, incoming / outgoing transfers, etc.
You can find out the status of the cryptocurrency transfer (confirmed or not). To do this, in the window, just specify the value of Hash: Txin or Txout.