I'm trying to understand the concept of a wallet public key in the context of cryptocurrency. Could someone explain what it is and how it relates to digital wallets and transactions?
5
answers
CryptoVisionary
Mon Feb 10 2025
A public key serves as a distinctive sequence of characters.
Nicola
Mon Feb 10 2025
It functions as a means for individuals to transfer cryptocurrency to your wallet.
Alessandra
Mon Feb 10 2025
When you withdraw funds from an exchange to another address, you utilize this public key.
HallyuHeroLegend
Sun Feb 09 2025
Similarly, if you decide to send cryptocurrency to someone else, you engage with their public key.
Eleonora
Sun Feb 09 2025
Public keys facilitate secure transactions, ensuring that the funds are sent to the intended recipient.