Cryptocurrency Q&A
How do I get a bitcoin from a public address?
How do I get a bitcoin from a public address?
SarahWilliams
Sun Jul 07 2024
|
5
answers
1066
I don't understand this question. Could you please assist me in answering it?
5 answers
PulseWind
Tue Jul 09 2024
In the realm of cryptocurrency transactions, receiving Bitcoin involves a straightforward process.
Was this helpful?
231
41
CharmedVoyager
Tue Jul 09 2024
When requesting Bitcoin from another party, the recipient must simply provide their Bitcoin address, commonly referred to as the Public key or address. This address serves as a unique identifier for the intended recipient.
Was this helpful?
134
32
CryptoWizardry
Mon Jul 08 2024
However, spending Bitcoin from a specific address requires an additional level of verification. To authenticate the transaction, the owner of the funds must prove to the network that they possess the corresponding private key.
Was this helpful?
201
72
Alessandra
Mon Jul 08 2024
The private key is a secret code that grants access to the Bitcoin stored at a particular address. Without this key, the network cannot verify the legitimacy of the transaction, and the funds remain secure.
Was this helpful?
271
24
Tommaso
Mon Jul 08 2024
Therefore, it is crucial to safeguard the private key and ensure that it is not shared with anyone. Disclosing this information would grant unauthorized access to the associated Bitcoin balance, potentially resulting in loss of funds.
Was this helpful?
229
47
