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What is a crypto wallet address?
Crypto assets are transferred through peer-to-peer transactions using crypto addresses. But what exactly are these crypto wallet addresses? Let’s understand that from an analogy.
Consider your crypto wallet as your bank account that holds your digital assets. If someone wants to deposit into your account, they will require your bank account number. In the crypto world, that bank account number is your wallet address. You can share it with anyone to receive crypto into your account. Here is an example of a crypto wallet address:
TU24aKw2RWNoaCcsgP5nsmjscQBhjAi3Sn
When crypto is transferred from your account to another account, your crypto wallet address is shown as a transferred from.
Different types of wallet addresses (BEP20, ERC20, etc.)
There are multiple crypto blockchain networks. The most popular are Bitcoin, Binance, Ethereum, and Tron network. Each network has a different set of tokens and crypto wallets. To send and receive crypto on a particular network, you must have its address to avoid losing your crypto.What is BEP20/BSC?
BEP20/BSC is a token standard used on the Binance Smart Chain. All tokens that are developed on the BSC network must use unique identifiers as wallet addresses on this network. Therefore, BSC and BEP20 wallets and wallet addresses are different from the other crypto wallet addresses.What is ERC20?
ERC20 is a token standard used on the Ethereum network. Wallet addresses on Ethereum use the ERC20 standard which is essential for holding and transferring tokens on this network.Finding your wallet address on popular platforms
There are many differtent crypto wallets available like Zypto (our personal favorite), Coinbase, MetaMask and Trust Wallet. The process of getting your wallet address is similar for all but can vary slightly. We took Trust Wallet as an example in the next paragraph.How to find BSC/BEP20/ERC20 (etc.) address in Trust Wallet
Trust Wallet is a multichain wallet that supports ERC20, TRC20, BEP20, and BSC tokens. To find and copy your crypto wallet address, follow the following instructions. As an example, we show how to retrieve the BSC/BEP20 wallet address. However the adress of other cryptocurrencies can be extracted in exactly the same way.- Set up your wallet and sign in.
- Once you have signed in, you’ll see an interface like the one in the image below. It shows your balance, the current network you are on, and other useful buttons to send and receive crypto.
- Now click on the receive button and select the token you want to receive in your wallet.
- When selecting your token, make sure that the token is on the right network. For example, you could receive ETH on multiple networks (BNB or ETH network). In this case, we made sure the token was BNB on the BNB Smart Chain (it shows next to the token name). When wanting to receive ETH you choose the Ethereum network. You can filter to only see one particular network using the ‘all networks’ button.
- After choosing your token it will show you the wallet address which you can use to receive BNB coins
- You can copy this address by tapping on the “Copy” button or share the QR code with others to receive Binance Smart Chain Tokens.
How to find your Binance wallet address?
Binance is a centralized exchange which means finding crypto wallet addresses on Binance is a lot easier compared to finding web3 crypto wallet addresses. However, these wallet addresses are specific to one coin only. You cannot send any other token to this address even if it’s on the same network.
Follow the following steps to find a crypto wallet address on Binance.
- Login to your Binance account.
- Click on the deposit button and click on deposit crypto to find the coin you want to receive.
- After choosing the coin, select the network you want the crypto address of. Binance will have multiple networks along with their number of confirmations and estimated time to receive crypto.
- After selecting the network, it will show you the Binance wallet address for the selected network and coin.
Your wallet address will be displayed, along with a QR code. You can copy this address to use it for receiving funds into your Binance account. You can use the same method to get a Coinbase wallet address.
Finding crypto wallet addresses on other platforms
For other common exchanges and wallets, the process is usually similar. Log in to your account and go to the wallet or deposit section. From there, select the cryptocurrency you need an address for and choose the appropriate network, for example, BEP20 or ERC20. Your wallet address will be displayed along with a QR code. You can use this wallet address to receive crypto from anywhere in the world.
The easiest way to find your crypto wallet address
The easiest way to find your crypto wallet address is through your wallet or exchange app. Open the app and navigate to the main wallet screen. Look for options labeled “Receive,” “Deposit,” or “Request.” Tap on this option. A list of supported cryptocurrencies will appear. Select the crypto for which you need the address. Your wallet address will be displayed as a long string of characters and a QR code. You can copy the address by tapping the “Copy” button or scan the QR code for easy sharing.
For Web3 wallet users, just click on the network icon (1), and from the drop-down list, choose a network(2). After the network is selected, click on the copy icon (3) to copy the wallet address. This is a straightforward method to get an address for your wallet address for any blockchain.
Important: Crypto wallet addresses are also called public keys. Do not confuse these public keys with the private keys. Private keys are the keywords to log in to your wallet. A public key is like an email address that you can share with anyone to receive email. However, private keys are like passwords to your email account which must be kept secret.
Takeaway:
Finding your crypto wallet address can be straightforward if you follow the correct steps for your specific wallet or exchange. Whether you use a centralized exchange like Binance or a web3 wallet like Trust Wallet, navigating to the “Receive” or “Deposit” section and selecting the appropriate cryptocurrency and network will display your wallet address. Always ensure you are using the correct network to avoid losing your assets. With this knowledge, you can confidently manage your crypto transactions.
Frequently asked questions
Yes, wallet addresses are case sensitive. This means that uppercase and lowercase letters must be entered exactly as they appear. A small mistake in the address can lead to lost funds, so it’s crucial to copy and paste the address accurately.
Yes, it is generally safe to give out your wallet address. This address is used solely for receiving cryptocurrency and does not provide access to your wallet or funds. However, always be cautious and ensure you are dealing with reputable individuals or entities.
Yes, crypto wallet addresses are public. They can be shared with others to receive cryptocurrency. While the address itself does not reveal your personal identity, all transactions associated with it are publicly recorded on the blockchain.
It is typically not possible to find the owner of a wallet address directly because cryptocurrency transactions are pseudonymous. However, if the owner has publicly shared their wallet address and associated it with their identity, you might be able to find information through online searches or blockchain analysis tools.
Yes, in many wallets, your crypto wallet address can change. Wallets like those provided by Coinbase or MetaMask generate a new address for each transaction to enhance privacy. However, the old addresses remain valid and can still receive funds.
