Why Does My Bitcoin Wallet Receiving Address Change Every Time?” – Exploring the Reasons Behind this Phenomenon

Before we delve into why Bitcoin wallets generate new receiving addresses, it is essential to understand what a Bitcoin address is and how it works. A Bitcoin address is a string of alphanumeric characters that represents a user’s wallet. It functions similarly to a bank account number, allowing other users to send bitcoins to it. A Bitcoin address consists of a public key and a private key. The public key is visible to everyone and can be shared with anyone who wishes to send bitcoins to the address. The private key, on the other hand, is a secret code that allows the user to access and spend the bitcoins in their wallet.