What Is A Bitcoin Address?

A Bitcoin address is a unique string of characters vital for receiving bitcoin—like an email address. It facilitates the sending and receiving of funds on the blockchain. These addresses range from 26 to 35 characters, serving as designated destinations for bitcoin transactions. To receive bitcoin, you share this address, and similarly, you need someone else's to send them bitcoin. Often represented by a scannable QR code, you can also copy, paste, and share an address (the string of characters) directly. The three primary formats include: P2PKH, P2SH, and Bech32.