How to change Bitcoin wallet address? You will need a Bitcoin wallet address to send and receive funds from and to your account from and to the wallet address of another person.
These wallet addresses are very important and therefore should be secure.
Typically the blockchain technology itself ensures such security by changing the wallet address every time you receive a payment.
Therefore, you do not need to worry about the safety and security of your Bitcoin wallet and rely completely on the technology.
However, there may be some times when you will feel that the Bitcoin wallet address of yours needs to be changed.
For example, you may experience an issue in your wallet address all of a sudden which cannot be resolved without having the address changed.
It may be a bit difficult, if not impossible, especially for a beginner in crypto trading to change their wallet address or even get confused while updating their wallet address all by themselves.
Before moving on to the process of changing the address of the wallet, it is therefore better for them to know about the entire process in detail along with a few other things that may seem trivial apparently but are quite significant.
This is where articles like this one will come to the rescue.
Here you will find the answers to all your queries and have all your doubts cleared.
How to Change the Bitcoin Wallet Address?
The process to change your Bitcoin wallet address is quite simple but you will need to follow the right steps for it.
However, like it is said earlier, in order to have a better understanding of the process to change your Bitcoin wallet address, it is imperative that you gain some additional knowledge regarding matters related to this specific topic.
This way, by the time you reach the end of this discussion you will be confident enough to update or change your wallet address all by yourself easily and successfully due to your more comprehensive knowledge.
These things include where exactly you can find your wallet address, whether or not you can switch between an existing wallet address to a different one, why the wallet addresses keep changing and more.
Assuming that you have different Bitcoin wallets such as a BTC wallet and a BCH wallet, you may switch between the wallet addresses easily when you want if you know the process.
All you have to do for this is to follow these specific steps:
- Click at the bottom of the wallet
- Look at the different accounts displayed and
- Click on the particular wallet address you want to receive your payment in.
Alternatively, you can also tap on the ‘address type’ option. This is available in the ‘receive’ tab.
Then you can choose the specific address in which you want to receive your payments.
Now, if you are new to crypto you may get a bit intimidated and scared seeing that the wallet address you set up does not exist any longer after performing a transaction through it.
It may be a startling discovery but is quite a natural one as well for a newbie to find that the wallet address used earlier no longer exists and is not displayed in the wallet anymore.
Well, this type of frustrations among the beginners in crypto trading is all due to the lack of knowledge regarding the technicalities involved in blockchain a crypto.
Most of them immediately think that their wallet is hacked.
However, this default reaction is far from the truth, which is, such changes in the wallet address is natural and is made only after every transaction is performed and confirmed.
This is done by the blockchain technology as a normal security protocol that is built within the Bitcoin network.
This privacy and safety measure of changing the Bitcoin and Bitcoin cash addresses every time a fund is received is not followed for all types of cryptocurrencies (a good reason why Bitcoin is so popular).
For example, the Ethereum wallet address will not change.
Now you may wonder that it will be impossible to track your money, if and when it is required, if the wallet address keeps on changing every time a transaction is made.
Well, once again, there is nothing to panic because every time a new Bitcoin address is generated for your account it will typically remain connected to the private key account, perpetually.
Therefore, you can re-use them when you want to receive any Bitcoin payment in the future.
However, such a thing is not recommended for security reasons.
You should always use a unique address to make all of your Bitcoin transactions from your wallet.
Finding Wallet Address
If you are new to crypto, just like all others you may naturally not be able to find out your wallet address within your Bitcoin account.
There is nothing to worry about and there is no reason to believe that you do not exist in the blockchain.
If you know the right way to do it you will find that it is very easy to find your Bitcoin wallet address within the BTC account.
Typically, you will find your Bitcoin address that you use to send and receive funds in your Bitcoin.com wallet.
When you find your wallet address click on it to open it and then click on the ‘Receive’ tab that is located on the toolbar.
When you do that, you will see a QR code below which actually represents a string of numbers that you cannot see without a QR code scanner. However, this actually is your Bitcoin wallet address.
When you want to receive funds from another person you will need to send this QR code to that person who can then send the payment in Bitcoin to your wallet address.
Ideally, when you want to change your wallet address, it is this address that is changed.
Talking about Bitcoin wallet addresses, you should keep one particular thing in your mind regarding this.
It is that each of these addresses will begin with a number between 1 and 3.
However, that is not the only thing that you should keep in your mind because that may confuse you even further.
This is because the new wallets usually do not have the numbers between 1 and 3 to begin with.
Short addresses are now introduced which are commonly referred to as ‘cash addresses’ for these new Bitcoin wallets.
These specific Bitcoin wallet addresses typically start with the letters “p” or “q.”
Each of the public Bitcoin cash addresses generated by your wallet typically stems from the xPub or Extended Public Key of your wallet.
These new cash addresses are considered to be much safer and more secure than those old ones to make different types of transactions easily.
Steps to Follow
Now, if you have to change your Bitcoin wallet address for some reason, here are the necessary, easy, and simple steps that you should follow:
The first step involves logging into your Bitcoin account. You will find this in the wallet page and for this you will need to furnish your credentials as required.
The next step to follow after logging in to your Bitcoin account is to click on the receive tab.
When you do so, you will see different address options. In this third step you will need to tap on the ‘get a new address’ tab.
You are done now. You will start receiving your payments and make all your future transactions in and from the new address that you have selected.
It is good to remember at this point that you can generate as many wallet addresses as you wish but each of the addresses generated by you will be connected to your wallet.
You can use this address anytime in the future as and when required.
Also, as said earlier, each of these addresses will come with a unique QR code corresponding to it.
You can see the details of the QR code of your wallet address if you wish to.
All you have to do for that is click on the ‘detail’ tab that is located just by the side of the QR code of your wallet address.
When you want to receive a payment from your friend in Bitcoin, you will need to send your Bitcoin wallet address to him or her.
This is essential for making a secure and a successful Bitcoin transaction from both ends.
These addresses are usually generated automatically when you make a request to your friend to make some payments in Bitcoin every time.
Now, if you have changed your Bitcoin wallet address to receive payments, you will need to make a request for a new payment.
Since you know now how exactly you can change your Bitcoin wallet address, here is what you should know while making a request for a new payment.
You will need to follow a specific set of steps to make your payment request to the new address. Once again, these steps are quite simple.
- Visiting your wallet and clicking on it to open it
- Selecting the ‘request’ tab
- Looking up for the currency menu
- Selecting the ‘Bitcoin’ tab that you will find in the currency menu and
- Choosing the specific wallet in which you want to receive your Bitcoin payment from the different types of wallets.
It is here that the new wallet address will be generated.
This is usually done to protect the privacy of the users and prevent the third parties from viewing all the other transactions related to your account merely with the help of a blockchain explorer.
You will need to copy it from there and share it with the person you want to receive your payments from in your changed Bitcoin wallet address.
The person will use this address to send the Bitcoin payments.
It is true that each time you request a Bitcoin payment the Bitcoin wallet will automatically create a new address.
However, you can also make changes in your Bitcoin wallet address provided you know the process, which is stated in this article.