A wallet address can, in a way, be compared to a bank account number. This means that if someone has your wallet address, this person can transfer digital currency to your address. One difference however between bank payments and cryptocurrency transfer, is that all cryptocurrency transfers are visible on the blockchain. If someone is aware of your wallet address, they can see how much money went in and out of your wallet, as well as how much it contains at the moment.
Nobody is able to claim your assets by knowing your wallet address.
Want to know more about how a crypto wallet works and what a wallet address is?
Read more about it in this Bitvavo Learn article.
81
69
Was this article helpful?
75 out of 81 found this helpful
Articles in this section
- Is the email I received from Bitvavo or is it phishing?
- Are the digital currency on my account safe?
- Bitvavo Guaranteed Account
- How can I make my account even more secure?
- How can I whitelist a wallet address?
- How can you check your account activity?
- How to create a strong password?
- Is it safe to show my wallet address to a third party?
- What should I do if I suspect a third party has access to my Bitvavo account?
- Why did I receive an unexpected email about a failed login attempt?