How To Get a New Bitcoin Payment Address

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I have one bitcoin ewallet and this has one bitcoin payment address. I have read we should change our bitcoin payment address frequently for security reasons. How do we do that?

Linda

Posted 2013-04-23T01:21:36.410

Reputation: 1

How are you planning to take payments? Do you want a solution aimed at taking payments on the web automatically, or one aimed at retail businesses? – Nick ODell – 2013-04-23T02:18:11.737

1It depends ... which wallet are you using ? Like a blockchain wallet ? – Sebastien FERRAND – 2013-04-23T01:43:45.283

Answers

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Most online wallets will create for you a new address each time you indicate that you want to receive a transaction, or give the option of creating a new address. Some enforce this by never showing an address twice and simply handle amalgamation on the backend.

Creating a new address for each transaction is a fool-proof way of ensuring that someone has paid you, because you've given that address to only that person and no one else. There are also some privacy benefits, as using a new address makes it more difficult to trace the bitcoin trail.

Colin Dean

Posted 2013-04-23T01:21:36.410

Reputation: 6 834