All For One
  • Getting Started
    • Introduction
    • Installing the App
    • Creating a Wallet
      • Create via Seed Phrase
      • Create via SSO
      • Create via SSS
    • Importing a Wallet
      • Import via Seed Phrase
      • Import via Private Key
      • Import via SSS
      • Import via Hardware Wallet
    • Searching Crypto Assets
    • Buying Crypto Assets
      • Buying Coins with Fiat
      • Buying Tokens with Coins
    • Selling Crypto Assets
      • Selling Coins for Fiat
      • Selling Tokens for Coins
  • Token Research
    • Token Charts
    • Token Transactions
    • Token Whale Watching
    • Token Liquidity Info
  • Wallet Management
    • Supported Blockchains
    • Importing Tokens
    • Sending Crypto Assets
    • Receiving Crypto Assets
    • Wallet-Specific Settings
      • Enabling Chains
    • Global Wallet Settings
      • Collapse Defaults
      • Condensed View
      • Sort Tokens
      • Hide/Rearrange Wallets
  • User Settings
  • ECLIPSEâ„¢ Rankings
  • Security Features
  • Glossary
    • Definitions
      • Self-Custody Wallets
        • Public Addresses
        • Seed Phrases
        • Private Keys
        • Shamir's Secret Sharing
        • Multi-Chain Wallets
        • Hierarchical Determination
      • Smart Contracts
        • Tokens
        • NFTs
        • Staking Pools
      • Gas
      • Decentralized Exchanges
        • Automated Market Makers
        • Liquidity Pools
        • CPMM Formula
      • Decentralization
        • Distributed Consensus
          • Proof-of-Work
          • Proof-of-Stake
        • Decentralized Applications
        • Web3
        • Blockchains
          • Blockchain Explorers
    • Disambiguation
      • Coins vs Tokens
      • Seed Phrase vs Private Key
      • DEXs vs CEXs
      • Fungible vs Non-Fungible Tokens
      • PoW vs PoS
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  1. Glossary
  2. Definitions
  3. Self-Custody Wallets

Public Addresses

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Last updated 2 years ago

A Public Address for a is a unique string of letters and numbers that is used to receive and send transactions on the . A public address is similar to a bank account number, and it can be shared with others in order to receive payments.

A public address is derived from the user's , which is a secret code that is used to access and spend the user's cryptocurrencies. The private key is used to generate the public address, and the two are mathematically linked, but the private key must never be shared with anyone.

When a user wants to receive a payment in cryptocurrency, they share their public address with the sender. The sender then uses their own private key to initiate a transaction on the blockchain, sending the funds to the recipient's public address. The recipient can then use their private key to access and spend the funds.

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