Question about HD wallets... 👀👀👀👀👀👀👀👀👀👀👀👀👀👀👀👀👀👀👀👀👀👀

Thomas3520

newbie

Activity: 40

Merit: 0

Quote from: mondobitcoin on August 27, 2017, 07:47:00 AM

Quote from: Thomas3520 on August 27, 2017, 07:17:51 AM

I have a question about HD wallets: I've heard, that the addresses change, when you receive coins? I'm using Jaxx. So does that mean, when I receive like one transaction worth 10$ to my Bitcoin/Ethereum wallet, then the Bitcoin/Ethereum address changes in my Jaxx interface?

But I will still get the coins, that are sent to the old addresses.

Am I wrong with anything? Huh

Yes the address change every time when you receive e payment, is for your security, with this metod nobody can trace your movements and cant steal your btc or others criptos
Only private keys are the same
But with any old address you can still receive payments
I can recommend electrum, for offline wallet

Ok, thanks for the answer!

Thomas3520

newbie

Activity: 40

Merit: 0

Quote from: pawanjain on August 27, 2017, 07:43:34 AM

Quote from: Thomas3520 on August 27, 2017, 07:36:12 AM

Quote from: BillyBobZorton on August 27, 2017, 07:29:27 AM

Quote from: Thomas3520 on August 27, 2017, 07:17:51 AM

I have a question about HD wallets: I've heard, that the addresses change, when you receive coins? I'm using Jaxx. So does that mean, when I receive like one transaction worth 10$ to my Bitcoin/Ethereum wallet, then the Bitcoin/Ethereum address changes in my Jaxx interface?

But I will still get the coins, that are sent to the old addresses.

Am I wrong with anything? Huh

It depends on the type of wallet. I think in Electrum you recieve your coins in different addresses each time and you can also export the seed (hash of words), whereas with Bitcoin Core's HD wallet you can't do any of that. I don't know the exact details of why, but that's how it works.

So every time you receive like a Bitcoin transaction into your Exodus wallet, it will generate a new Bitcoin address?

Yes, every time we receive an amount in our wallet the bitcoin address changes randomly. This method of changing address is used to secure the wallet from hacking and theft and to provide anonymity. The old address is stored in the wallet and can be used to receive the amount into the same wallet. I have a wallet in mycelium which changes the addresses after each transaction .

Oh, ok! Thanks pawanjain, that was the answer I'm looking for! Cheesy

I was just worried, because I didn't find any Ethereum iOS wallet, where you can manually make multiple addresses, like with Bitcoin and the Mycelium or Bitpay wallet...

Well, then I will use the Jaxx wallet... (The best crypto wallet for iOS!) Grin

mondobitcoin

full member

Activity: 686

Merit: 100

Quote from: Thomas3520 on August 27, 2017, 07:17:51 AM

I have a question about HD wallets: I've heard, that the addresses change, when you receive coins? I'm using Jaxx. So does that mean, when I receive like one transaction worth 10$ to my Bitcoin/Ethereum wallet, then the Bitcoin/Ethereum address changes in my Jaxx interface?

But I will still get the coins, that are sent to the old addresses.

Am I wrong with anything? Huh

Yes the address change every time when you receive e payment, is for your security, with this metod nobody can trace your movements and cant steal your btc or others criptos
Only private keys are the same
But with any old address you can still receive payments
I can recommend electrum, for offline wallet

pawanjain

hero member

Activity: 2702

Merit: 716

Nothing lasts forever

Quote from: Thomas3520 on August 27, 2017, 07:36:12 AM

Quote from: BillyBobZorton on August 27, 2017, 07:29:27 AM

Quote from: Thomas3520 on August 27, 2017, 07:17:51 AM

I have a question about HD wallets: I've heard, that the addresses change, when you receive coins? I'm using Jaxx. So does that mean, when I receive like one transaction worth 10$ to my Bitcoin/Ethereum wallet, then the Bitcoin/Ethereum address changes in my Jaxx interface?

But I will still get the coins, that are sent to the old addresses.

Am I wrong with anything? Huh

It depends on the type of wallet. I think in Electrum you recieve your coins in different addresses each time and you can also export the seed (hash of words), whereas with Bitcoin Core's HD wallet you can't do any of that. I don't know the exact details of why, but that's how it works.

So every time you receive like a Bitcoin transaction into your Exodus wallet, it will generate a new Bitcoin address?

Yes, every time we receive an amount in our wallet the bitcoin address changes randomly. This method of changing address is used to secure the wallet from hacking and theft and to provide anonymity. The old address is stored in the wallet and can be used to receive the amount into the same wallet. I have a wallet in mycelium which changes the addresses after each transaction .

Thomas3520

newbie

Activity: 40

Merit: 0

Quote from: BillyBobZorton on August 27, 2017, 07:29:27 AM

Quote from: Thomas3520 on August 27, 2017, 07:17:51 AM

I have a question about HD wallets: I've heard, that the addresses change, when you receive coins? I'm using Jaxx. So does that mean, when I receive like one transaction worth 10$ to my Bitcoin/Ethereum wallet, then the Bitcoin/Ethereum address changes in my Jaxx interface?

But I will still get the coins, that are sent to the old addresses.

Am I wrong with anything? Huh

It depends on the type of wallet. I think in Electrum you recieve your coins in different addresses each time and you can also export the seed (hash of words), whereas with Bitcoin Core's HD wallet you can't do any of that. I don't know the exact details of why, but that's how it works.

So every time you receive like a Bitcoin transaction into your Exodus wallet, it will generate a new Bitcoin address?

BillyBobZorton

legendary

Activity: 1204

Merit: 1028

Quote from: Thomas3520 on August 27, 2017, 07:17:51 AM

I have a question about HD wallets: I've heard, that the addresses change, when you receive coins? I'm using Jaxx. So does that mean, when I receive like one transaction worth 10$ to my Bitcoin/Ethereum wallet, then the Bitcoin/Ethereum address changes in my Jaxx interface?

But I will still get the coins, that are sent to the old addresses.

Am I wrong with anything? Huh

It depends on the type of wallet. I think in Electrum you recieve your coins in different addresses each time and you can also export the seed (hash of words), whereas with Bitcoin Core's HD wallet you can't do any of that. I don't know the exact details of why, but that's how it works.

Thomas3520

newbie

Activity: 40

Merit: 0

I have a question about HD wallets: I've heard, that the addresses change, when you receive coins? I'm using Jaxx. So does that mean, when I receive like one transaction worth 10$ to my Bitcoin/Ethereum wallet, then the Bitcoin/Ethereum address changes in my Jaxx interface?

But I will still get the coins, that are sent to the old addresses.

Am I wrong with anything? Huh

Topic: Question about HD wallets... 👀👀👀👀👀👀👀👀👀👀👀👀👀👀👀👀👀👀👀👀👀👀 (Read 325 times)