How to Buy Bitcoin with Cash?
February 22, 2021What Is Bitcoin, and How Does It Work?
February 22, 2021A cryptocurrency wallet is a software program that enables you to store, access and interact with your coins and can be considered as the crypto version of a bank account. The main difference is that with a conventional bank account, your account number is public and is directly linked to your identity, but your transaction history is private. With crypto wallets, your transactions are public, as well as your account number (public key), but there’s no way to link a particular address to you.Your wallet address is a unique string of numbers and letters (also called a public key) that people can use to send you cryptocurrency, and which is used on the blockchain to verify transactions. It can also be thought of as the crypto version of your bank account’s IBAN or SWIFT CODE in that it’s only used as an identifying number.Because Coinmama is not a wallet provider, it’s very important that you triple check the wallet address you provide us with when buying cryptocurrency. Coinmama does not keep or store any coins, and if you make a mistake when entering your wallet address, we will have no way of retrieving your coins. This is due to the fact that transactions on Blockchain were designed to be irreversible, so once funds are transferred, they’re at the sole discretion of the receiving wallet’s private key holder.Wallet addresses do not expire, but some providers do generate several addresses for the same wallet. This means that even if the address has changed, you should still see the funds in your wallet. You should be able to access a list of your historical addresses from within your wallet, but if you’re not sure, it would be best to contact your wallet provider.In addition to the address (aka public key), your wallet also…
