Author

Topic: Generate a new address for each deposit (Read 485 times)

sr. member
Activity: 252
Merit: 250
May 22, 2013, 11:58:31 AM
#4
Anonymity. If you only use one adress you can see all Bitcoins going in/out for every user (if you know the adress).

Don't send coins to old adresses on exchanges! They may be reused for other users (-> you made someone very happy Cheesy)!

Most exchanges say you can reuse old addresses - i would assume this means they aren't reassigned.  It's never been a problem for me.  And I don't really care if people know where money is going to...
sr. member
Activity: 364
Merit: 250
Anonymity. If you only use one adress you can see all Bitcoins going in/out for every user (if you know the adress).

Don't send coins to old adresses on exchanges! They may be reused for other users (-> you made someone very happy Cheesy)!
newbie
Activity: 42
Merit: 0
Yea you can
sr. member
Activity: 252
Merit: 250
Does anyone know why some exchanges generate a new address for each deposit?  I mean all the old ones still work, and I just send to the first one I was assigned, but is this not a good practice?  I mean obviously the exchanges are generating a new address for each deposit for a reason but I don't know what that reason is!

Thanks!
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