What is a Cryptocurrency Address?

A cryptocurrency address is like an email address, but instead of being fused or emails, it is to send and receive cryptocurrency. Usually, cryptocurrency addresses are derived from a public/private key pair and are between 16 and 24 characters long consisting of a random collection of numbers and letters. Cryptocurrency addresses are also often embedded into QR codes to make sending cryptocurrency easier. Because cryptocurrency addresses are for receiving cryptocurrency, it is ok to post them anywhere and people can then send you cryptocurrency.

An example of a Bitcoin address is: 3MfesBVoKWMkfYp56Ji8WVSWrLhY6ua5aq

An example of an Ethereum address is: 0xFE75716f9aFB0ABa1a02A834BFDd7019c52E8F24

For definitions of all of the most confusing blockchain and cryptocurrency terms, make sure to check out our complete Blockchain and Cryptocurrency Dictionary.