The public key is the IBAN of your blockchain account. It is a long string of alphanumeric characters. It is generated by your wallet and is used to receive cryptocurrency. Your public key is not secret, and you can share it with anyone who wants to send you cryptocurrency.

How Does a Public Key Work?

When you send cryptocurrency to someone, you need to know their public key. Your wallet will use your private key to sign the transaction, and the signature will be verified by the recipient’s wallet using their public key. This ensures that the transaction is legitimate and that the cryptocurrency is being sent to the correct recipient.

The Importance of a Public Key

Your public key is an important part of your cryptocurrency wallet. It is used to receive cryptocurrency, and it is also used to verify your identity when you interact with other wallets or blockchain-based applications. It is important to keep your public key safe and secure.

How to Share Your Public Key

There are a few different ways to share your public key. You can:

  • Copy and paste it into a message or email.
  • Scan a QR code that contains your public key.
  • Share it through a cryptocurrency forum or social media platform.

Never share your private key with anyone.

Your private key is the only way to access your cryptocurrency funds. If someone else knows your private key, they can steal your funds. Never share your private key with anyone, not even your friends or family.

Public Keys and Blockchain

The blockchain is a public ledger that records all cryptocurrency transactions. Your public key is used to generate your wallet address, which is the unique identifier for your wallet on the blockchain.

Zippy cash icon

Crypto related

  • What are cryptocurrencies?

  • What is the purpose of cryptocurrencies?

  • What is proof of work?

  • What is proof of stake?

  • What is the Private Key?

  • What is the recovery phrase?

  • How do I store the recovery phrase safely?

  • What is the public key?

  • What is the difference between custodial and self-custody wallets