How does a wallet address work? What is the difference with public key?

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A wallet address, also known as a public address, is like a mailbox in the digital world. It is a unique string of characters that allows users to send and receive cryptocurrencies such as Bitcoin. When you want to change BTC or exchange BTC to USDT, you need a wallet address!

But how does a wallet address actually work? Well, it’s a bit like a two-way street. You can buy BTC online and have it sent to your wallet address, just like receiving a package in your mailbox. Conversely, if you want to buy BTC with a card or buy USDT, you provide your wallet address as the destination for the transaction.

Now, let’s talk about the difference between a wallet address and a public key. While a wallet address is like your mailbox, a public key is like the key to that mailbox. It is derived from the private key associated with your wallet and is used to create digital signatures for transactions.

So, to sum it up, a wallet address is where you receive and send cryptocurrencies, while a public key is the key that allows you to access and authorize those transactions. Understanding how they work together is essential for navigating the world of cryptocurrency trading!

Remember: keep your wallet address and public key safe and secure to protect your digital assets!