2024-12-26T09:05:21+0000

00:00 Introduction 00:17 Common Questions About Bitcoin Addresses 01:10 The Reason Why Bitcoin Wallets Generate New (Unique) Receiving Addresses 02:26 Simple Example Wallet-to-Wallet (1 Unique Address) 03:43 Check Blockchain Explorer and only one transaction Shows up. 04:23 Your Own Wallet Can track ALL of the Receiving Addresses 04:54 Your Wallet will Continue to Generate the SAME Receiving Address until some Bitcoin comes in. 06:29 2nd Example: Using the Same Receiving Address Twice 09:04 Check Blockchain Explorer you can See Both Transactions 09:35 Check Previous Address and Still see only one transaction 10:22 So when Should You Reuse Bitcoin Receiving Addresses? 11:50 When Should You Generate New (Unique) Receiving Addresses? Ledger Support Page about generating new addresses: https://support.ledger.com/hc/en-us/articles/360034336713-Receiving-address-changed?support=true Bitcoin Protocols covering Wallet Addresses: BIP32: https://github.com/bitcoin/bips/blob/master/bip-0032.mediawiki BIP39: https://github.com/bitcoin/bips/blob/master/bip-0039.mediawiki BIP44: https://github.com/bitcoin/bips/blob/master/bip-0044.mediawiki 💰Set up a Coinbase account here and get $10 Free bitcoin💰 https://www.coinbase.com/join/kneisl_5 🔐 PROTECT YOUR CRYPTOCURRENCY WITH LEDGER NANO X/S 🔐 Order Here: https://www.ledgerwallet.com/?r6057 💲 OPEN A CRYPTO.COM ACCOUNT 💲 Use my referral link https://platinum.crypto.com/r/cryptodad to sign up for Crypto.com and we both get $50 USD :) Or use the code cryptodad when registering. Thanks! 🥳Get a 30% Discount on a Koinly Tax Report When you Use My Link🥳 Sign up for a Koinly Account Here: https://koinly.io/?via=DDCB9CA6 !!👨‍💻 SET UP A BINANCE EXCHANGE ACCOUNT 👩‍💻 !! For US residents: sign-up here: https://binance.pxf.io/Zd1rRK Invite friends to Binance.US and watch the crypto roll in. Get 10 USD each when your friend completes $100 or more in buys and/or trades within 30 days of completing account verification. !!👨‍💻 SET UP A BINANCE EXCHANGE ACCOUNT 👩‍💻 !! For non-US residents only: $300 sign-up bonus if you use my link https://bit.ly/3z2oOiw 💎Sign up for a KuCoin Account Here: https://www.kucoin.com/ucenter/signup?rcode=24c5a27 💎 My Referral Code: 24c5a27 🤓CHECK OUT THESE GREAT LEDGER VIDEOS FROM CRYPTODAD!🤓 LEDGER NANO X HARDWARE WALLET SETUP GUIDE (LATEST VERSION 2021) https://youtu.be/GNv3uPfqUdg HOW TO RESTORE A LEDGER NANO X HARDWARE WALLET FROM YOUR 24 WORD BACKUP PHRASE (LATEST VERSION 2021) https://youtu.be/iaPzg2mg9aQ HOW TO RE-INSTALL LEDGER LIVE ON A NEW COMPUTER (LATEST VERSION 2021) https://youtu.be/sIeB4xS4ZfQ Legal & Disclaimer Notice: This video is provided solely for informational and/or educational purposes. It is not offered as advice (whether professional, financial or investment advice or otherwise). Investing in Cryptocurrencies is inherently risky. Never spend money on Cryptocurrencies you can’t afford to lose. Legal & Disclaimer Notice: This video is provided solely for informational and/or educational purposes. It is not offered as advice (whether professional, financial or investment advice or otherwise). Investing in Cryptocurrencies is inherently risky. Never spend money on Cryptocurrencies you can’t afford to lose. Social Media links! Twitter: https://twitter.com/The_CryptoDad YouTube: https://www.youtube.com/CryptoDad #bitcoin #ledgernanox