It is just for privacy reason and nothing more. It is not about security.
You can send bitcoin to five addresses, but you will need more fee to spend the coins, especially if you want to spend the coins at ones. Some people that want privacy prefer to use different addresses. In the time the fee is very high like this, just withdraw to one address.
You can enable Tor on Electrum for anonymity. But as you are using an exchange, know that your coin can be traced to you. I mean through the exchange as you do KYC on the exchange.
But in short, your security is not affected because you send your coins to a single address.
Topic: is it really possible to lose your btc if you reuse same adress for withdrawal - page 2. (Read 255 times)
December 23, 2023, 03:52:57 PM
December 23, 2023, 03:49:01 PM
Hi guys
im withdrawing btc from binance to my electrum wallet but i heard here that its not safe
to reuse the same withdrawal adress and that could make you lose your btc is that true
reddit com/r/Bitcoin/comments/8x4a6n/should_i_use_the_same_address_when_withdrawing/
according to what i know wach btc adress on electrum has a private key so its impossible
to lose your btc if you deposit multiple times to the same adress right?
also if i have like 0.10 BTC on electrum but this btc split to 5 adresses doesnt that mean in
order to spend this 0.10 i need to pay the transaction fees 5 times since i need to send 0.02 five times?
im withdrawing btc from binance to my electrum wallet but i heard here that its not safe
to reuse the same withdrawal adress and that could make you lose your btc is that true
reddit com/r/Bitcoin/comments/8x4a6n/should_i_use_the_same_address_when_withdrawing/
according to what i know wach btc adress on electrum has a private key so its impossible
to lose your btc if you deposit multiple times to the same adress right?
also if i have like 0.10 BTC on electrum but this btc split to 5 adresses doesnt that mean in
order to spend this 0.10 i need to pay the transaction fees 5 times since i need to send 0.02 five times?
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