Virtual currency wallet ID and wallet address

The virtual currency wallet ID is the unique name to identify the virtual currency account, while the wallet address is the actual address of the account. Both are generated through the wallet ID. One ID corresponds to one or more addresses and is used to receive and send virtual currency.

Virtual currency wallet identification and wallet address

Virtual currency wallet identification

The virtual currency wallet identifier is equivalent to the username of a virtual currency account. It is a short, unique name used to identify the virtual currency account. The wallet identifier usually consists of a string of random characters, for example:

0x4a8fb1427be75f33a051760d267722a588522dba

Virtual currency wallet address

The virtual currency wallet address is equivalent to the actual address of a virtual currency account. is a longer string derived from the wallet ID. Wallet addresses are used to receive and send virtual coins, in a format similar to a bank account number.

bitcoin:1Am3dmopK968vM8zTD2K64dY1YiU393xhw
ethereum:0x1790b966997654c990F1f839a3cd633e9396E61B

The relationship between wallet ID and wallet address

There is a direct relationship between wallet ID and wallet address. Wallet identifiers are used to generate wallet addresses, and each wallet identifier corresponds to one or more wallet addresses. There can be multiple wallet addresses under one wallet ID, but each wallet address only corresponds to one wallet ID.

Example

For example, if your virtual currency wallet ID is 0x4a8fb1427be75f33a051760d267722a588522dba, then one of your wallet addresses may be:

bitcoin:1Am3dmopK968vM8zTD2K64dY1YiU393xhw

Use

The wallet ID is mainly used to identify the virtual currency account, while the wallet address is used for actual virtual currency transactions. When sending or receiving coins, you need to use your wallet address. Wallet IDs can be used to track and manage your virtual currency transactions.

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