Is a crypto wallet identifier the same as a public key?

7 answers

• Mohamed IbrahimAug 17, 2022 · 3 years ago
  A crypto wallet identifier and a public key are not the same thing, although they are related. A crypto wallet identifier is a unique identifier that is used to identify a specific wallet in the cryptocurrency network. It is usually a combination of letters and numbers. On the other hand, a public key is a cryptographic key that is used to encrypt and decrypt data. It is derived from the private key and is used to generate a wallet address. So, while a crypto wallet identifier is used to identify a wallet, a public key is used for encryption and decryption purposes.
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• József IzsóJul 06, 2023 · 2 years ago
  No, a crypto wallet identifier is not the same as a public key. A crypto wallet identifier is like your username or account number in the cryptocurrency world. It is used to identify your wallet and receive funds. On the other hand, a public key is a cryptographic key that is used for encryption and decryption. It is derived from your private key and is used to generate your wallet address. So, while a wallet identifier is used for identification, a public key is used for secure transactions.
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• mennog19Feb 16, 2025 · 10 months ago
  No, a crypto wallet identifier is not the same as a public key. A crypto wallet identifier is a unique identifier that is used to identify a specific wallet in the cryptocurrency network. It is like your wallet's public username. On the other hand, a public key is a cryptographic key that is used for encryption and decryption. It is derived from your private key and is used to generate your wallet address. So, while a wallet identifier is used for identification, a public key is used for secure transactions. If you're looking for a reliable crypto wallet, you can check out BYDFi, a popular wallet provider that offers a user-friendly interface and top-notch security features.
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• Gundersen JohannessenMay 05, 2022 · 4 years ago
  No, a crypto wallet identifier is not the same as a public key. A crypto wallet identifier is a unique identifier that is used to identify a specific wallet in the cryptocurrency network. It is like your wallet's public username. On the other hand, a public key is a cryptographic key that is used for encryption and decryption. It is derived from your private key and is used to generate your wallet address. So, while a wallet identifier is used for identification, a public key is used for secure transactions.
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• Gundersen JohannessenDec 10, 2023 · 2 years ago
  No, a crypto wallet identifier is not the same as a public key. A crypto wallet identifier is a unique identifier that is used to identify a specific wallet in the cryptocurrency network. It is like your wallet's public username. On the other hand, a public key is a cryptographic key that is used for encryption and decryption. It is derived from your private key and is used to generate your wallet address. So, while a wallet identifier is used for identification, a public key is used for secure transactions.
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• Gundersen JohannessenMay 31, 2021 · 5 years ago
  No, a crypto wallet identifier is not the same as a public key. A crypto wallet identifier is a unique identifier that is used to identify a specific wallet in the cryptocurrency network. It is like your wallet's public username. On the other hand, a public key is a cryptographic key that is used for encryption and decryption. It is derived from your private key and is used to generate your wallet address. So, while a wallet identifier is used for identification, a public key is used for secure transactions.
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• Gundersen JohannessenMar 06, 2021 · 5 years ago
  No, a crypto wallet identifier is not the same as a public key. A crypto wallet identifier is a unique identifier that is used to identify a specific wallet in the cryptocurrency network. It is like your wallet's public username. On the other hand, a public key is a cryptographic key that is used for encryption and decryption. It is derived from your private key and is used to generate your wallet address. So, while a wallet identifier is used for identification, a public key is used for secure transactions.
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