Also called a public key or addy, these are a bunch of alphanumeric characters, which are created uniquely for each individual or account. These addresses are then used to send or receive cryptocurrency. Addresses are also called public keys and can be used to check token amounts and transactions per address when input on a blockchain explorer.
Examples of cryptocurrency and blockchain addresses:
Bitcoin has the addresses formatted as beginning with the numbers 1, 3 or bc1 and has a length of 26 to 35 alphanumeric characters.
As an example, Satoshi Nakamoto’s Bitcoin Address is: 1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa
Ethereum has the addresses formatted as beginning with 0x followed by 40 alphanumeric characters.
An example of an Ethereum address is:
1.) Always double check that the address you are sending to is legitimate, once a transaction is sent it cannot be recovered.
2.) Check for wrong letters or numbers in the address you are sending to or inputting as a recipient. A wrong number or letter means that funds will be sent to the wrong address and cannot be recovered.
3.) For privacy and security it is highly recommended that you do not spread word that you are the owner of a certain address to prevent thieves from connecting an account with your identity.