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Ethereum: Understanding the shorter address on Coinbase and its effects
As a Coinbase user, you probably know the standard format for Ethereum addresses, which normally consist of 42 characters, including letters and numbers. However, when it comes to preserving Bitcoin, you may be surprised that your database address of varied parts is in fact a valid public Ethereum address that is suitable for use with other wallets.
In this article, we will deal with the world of Ethereum speeches on Coinbase and examine why they are shorter than their standard counter.
The standard format: 42 characters
Standard-stirring addresses are generally formatted as follows:
0x ...
Where “…” represents a hexadecimal address, which is divided into six groups of four characters. The first group is generally the ID of the network (for example 1), followed by the account number (for example 000000001) then the block number (for example 00000001).
The exclusive address of Coinbase
Your long address Coinbase -Bitcoin 34xxxxxxxxx 'represents a certain Ethereum address. The clear identifier at the end of the address (xxxx ‘) is called a network -ID. In this case, it’s “1”.
Why are your long Coinbase addresses shorter than your standard colleagues? The answer lies in the way these longer addresses are formatted and recorded on the blockchain.
The shorter address format
If a user creates a new Ethereum account or transmits funds between the accounts, he can create an address with the following format:
0x ...
Where “…” represents the hexadecimal representation of the address. However, if this address is used to obtain Bitcoin, it becomes a public Ethereum address. The standard 42 -character format for receiving addresses on Coinbase does not apply.
Use your long address Coinbase
After knowing why your long Coinbase addresses are shorter than your standard colleagues, you can use them as a valid Ethereum address to get Bitcoin. To do this:
- Register in your Coinbase account.
- Go to the “Manage my profile” side.
- Click on “Cryptographic addresses”.
- Find the address that corresponds to your Bitcoin letters bag.
- Copy them and add them to another public address Ethereum, e.g. B. A reception address or registration email.
Important considerations
When you use your long Coinbase addresses, please note the Bitcoin reception perfectly:
- You may not receive any means if you try to send them to an address that is not available in the blockchain.
- Some services such as scholarships may require a shorter address format when sending or receiving funds.
In summary, we can say that clear identification at the end of its long Coinbase addresses (`xxxx ‘) is the network -id and is an Ethereum valid address. You can use these addresses to receive Bitcoin from other elements as long as you are aware of the restrictions and potential requirements for the use of Coinbase.
If you understand how Ethereum addresses work on Coinbase, you can navigate this platform with confidence and use its functions and services.