Author

Topic: Coinbase BTC address is different every time. (Read 133 times)

newbie
Activity: 45
Merit: 0
January 24, 2018, 05:39:37 AM
#5
Thank you everyone, appreciate that!
hero member
Activity: 2576
Merit: 883
Freebitco.in Support https://bit.ly/2I9BVS2
short answer: yes, it'll work

I'll add a little to that. It will work but there a couple of reasons you should use the new addresses when possible. 1) It protects your privacy to use different addresses. 2) Coinbase may at some time in the future upgrade the wallet software they use and start using a new wallet. Although your funds are unlikely to be lost in this case it may cause delays in your account being credited.
jr. member
Activity: 70
Merit: 1
Hi just a quick question, Coinbase provides me with new BTC address every time I try to deposit BTC, what happens if I use one of the old ones? One of the very first ones I've created when first deposited BTC there? Will it work?
check this usefull for you https://support.coinbase.com/customer/en/portal/articles/2276500-why-did-my-wallet-address-change-
legendary
Activity: 3514
Merit: 5123
https://merel.mobi => buy facemasks with BTC/LTC
Hi just a quick question, Coinbase provides me with new BTC address every time I try to deposit BTC, what happens if I use one of the old ones? One of the very first ones I've created when first deposited BTC there? Will it work?

short answer: yes, it'll work.
You can re-use your old addresses for as long as you want, there are only 2 downsides:
- it'll reduce your privacy (if you care about this)
- as soon as you spend any of the unspent outputs funding a certain address, the public key will be known to the network... This isn't a huge problem either, but it weakens your security a tiny bit....
If a hacker only knows your address, he has to use your address to calculate your public key, then he has to calculate your private key starting from your public key... If he already knows your public key, he's one step closer to robbing you... This is only a THEORETICAL problem tough, so far i don't know any instance of people being able to calculate a private key starting from a know public key.
newbie
Activity: 45
Merit: 0
Hi just a quick question, Coinbase provides me with new BTC address every time I try to deposit BTC, what happens if I use one of the old ones? One of the very first ones I've created when first deposited BTC there? Will it work?
Jump to: