How do I get a Bitcoin address

What is a bitcoin address?

In order to receive Bitcoin, you need a Bitcoin address. This is basically the account number to which coins can be sent. The Bitcoin address consists of a long series of numbers and letters.

An example of a Bitcoin address: 346n4apJCQPg2XAXU3bfNQTogz4PyTkrEf

Typing 34 digits is of course very impractical, so there are also QR codes for the addresses that are automatically generated by the wallet (your digital purse).

Bitcoin addresses are publicly available on the Internet. You can search for it on Blockcypher, for example, and see all inputs and outputs.

Bitcoin addresses are pseudonymous accounts. You are not inherently linked to a “real” identity, as neither your name nor your IP address is stored. When creating a user account with a reputable Bitcoin exchange, as with “normal” banks, proof of identity and registration is required. The financial authorities or state authorities could theoretically force an exchange to transmit your identity data and the associated Bitcoin addresses. If you publish your Bitcoin address on the Internet or make it known elsewhere, everyone can see how many coins you have. So be careful with this and use a new Bitcoin address for each new transaction. The wallets I recommend do this automatically.

It is therefore clear that Bitcoin is not as secret as it is often said. With enough effort, all payment flows can be analyzed. Companies such as Chainanalysis specialize in these big data evaluations and have clients such as banks pay for this service. Work is underway to improve privacy protection for Bitcoin. Payments via the Lightning network are incomprehensible and therefore completely anonymous.