The world’s most popular cryptocurrency Bitcoin is rapidly climbing various steps daily. Now and then we read various stories associated with Bitcoin. Whether it is regulation, price or any new developments, Bitcoin is always in the news. There are many questions about Bitcoin if you are new in this world. One of the questions is ‘Do Bitcoin addresses expire?’. Let’s take a look at it in more detail.
What is Bitcoin address?
According to the Bitcoin whitepaper, a Bitcoin address is an identifier of 26-35 alphanumeric characters. It begins with the digit 1, 3 or bc1. This describes a potential end for a bitcoin payment. Addresses can be created at zero cost by Bitcoin users. Users can get a Bitcoin address by using an exchange or online wallet. Just like an e-mail address, users can send bitcoins to anyone by using Bitcoin addresses.
Do Bitcoin addresses expire?
Now if you are thinking that if you give someone a BTC address to send you bitcoin, and that person takes 2 months to send you the Bitcoin, then is the address given by you still valid? Will it still go to your Bitcoin wallet?
The answer to this question is: Yes, the Bitcoin address is still valid. Bitcoin addresses don’t expire. Once Bitcoin addresses are generated they never vanish. Always remember to hold the private keys. Once Bitcoin addresses are generated they never vanish. Always remember to hold the private keys. In other words, even your email address may perish if you do not use it frequently but bitcoin address does not ask you to utilize it frequently. It belongs to the user as long as users keep their private keys secure.
As mentioned earlier, Bitcoin addresses are arbitrary numbers, it is possible but extremely difficult, for two people to individually create the same address. This situation is known as a collision. If this occurs, then both the primary owner and the colliding owner could use money sent to that address but not possible for the colliding person to use the primary owner’s whole wallet.
Instant Crypto Credit Lines™ from only 5.9% APR. Earn up to 8% interest per year on your Stablecoins, USD, EUR & GBP. $100 million custodial insurance.
This post may contain promotional links that help us fund the site. When you click on the links, we receive a commission - but the prices do not change for you! :)
Disclaimer: The authors of this website may have invested in crypto currencies themselves. They are not financial advisors and only express their opinions. Anyone considering investing in crypto currencies should be well informed about these high-risk assets.
Trading with financial products, especially with CFDs involves a high level of risk and is therefore not suitable for security-conscious investors. CFDs are complex instruments and carry a high risk of losing money quickly through leverage. Be aware that most private Investors lose money, if they decide to trade CFDs. Any type of trading and speculation in financial products that can produce an unusually high return is also associated with increased risk to lose money. Note that past gains are no guarantee of positive results in the future.
You might also like
More from Bitcoin News
The Bitcoin appears to be range bound between $9.7K-$9.9K, as the alts are having a mini party, with many altcoins …
In a surprising turn of events befitting for the incredibly interesting crypto-world, the Ethereum based Wrapped Bitcoin (WBTC) protocol recently …