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An address is a sequence of several alphanumeric characters that signify a wallet where you can send and receive cryptocurrency.

Understanding the Term

An address on the blockchain is a unique combination of numbers and letters that identifies accounts on the network. To transact in exchange, digital assets are sent to and from different addresses.

An example of a Bitcoin address is ‘14qViLJfdGaP4EeHnDyJbEGQysnCpwk3gd’.


To put it in the simplest terms, an address, in the crypto world, is equivalent to an email address, website address, or even a real-life address.

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