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?
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1It depends ... which wallet are you using ? Like a blockchain wallet ?– Sebastien FERRANDApr 23, 2013 at 1:43
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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 ODellApr 23, 2013 at 2:18
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1 Answer
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.
answered Apr 23, 2013 at 3:22
