does it make a difference if the sender tranfers BTC funds to my Wallet address or to my Public Key?
Thank's in advance!
- Wallet addresses are designed to be more user-friendly and are often presented in formats like Base58 or Base32, making them easier to read and share.
Public keys, on the other hand, are long and not user-friendly. Using public keys directly for transactions would be impractical for users.
- Directly using public keys for transactions might expose more information and could potentially be less secure.
- Different cryptocurrencies and wallets may use different public key formats, while wallet addresses are generally standardized within a specific cryptocurrency.
In summary, while both wallet addresses and public keys are interconnected, using wallet addresses is the standard and recommended practice for sending and receiving Bitcoin. Wallet addresses provide a user-friendly and secure way to transact, while public keys are more involved in the cryptographic processes underlying these transactions.
You can watch more explanation videos here: https://www.youtube.com/watch?v=8es3qQWkEiU