Generate a new address for each deposit

WuLabsWuTecH

sr. member

Activity: 252

Merit: 250

Quote from: Birdy on May 22, 2013, 10:45:51 AM

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...

Birdy

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

)!

kodo

newbie

Activity: 42

Merit: 0

Yea you can

WuLabsWuTecH

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!

Topic: Generate a new address for each deposit (Read 502 times)