Can I send multiple payments to same bitcoin address?

People can have multiple bitcoin addresses they can use to send and receive transactions. There is always an off chance of an invalid address being accepted as a recipient, but that only occurs once every 4.29 billion transactions. Use a different bitcoin address for every transaction.

Can I reuse a bitcoin receive address?

Although you don’t have to generate a new receiving address for each transaction and can continue to use the same address, it is not recommended and not how bitcoin was designed to be used.. Reusing addresses is bad for anonymity, and some argue less secure than using a new address for each transaction.

What happens if I send Bitcoin to an old address?

Due to the irreversible nature of cryptocurrency protocols, transactions can’t be cancelled or reversed once initiated. If you sent funds to the wrong address, you’ll need to contact the receiving party and ask for their cooperation in returning the funds.

What happens if you send Bitcoin to an old address?

Can you send bitcoin to the same address you are sending from?

1 Answer 1. You can send bitcoins to the same address you are sending from, if you create a raw transaction manually, or if you use a wallet that does not create a new change address each time a transaction is made. One reason why this new address process exists is to protect privacy.

How many addresses can I have in my Bitcoin wallet?

Your bitcoin wallet can have as many addresses as you want, and you do not have to change addresses every time you make a transaction. You can have multiple transactions sent to and from one address. Although you can use the same address more than once, it is not recommended for the sake of security and maintaining anonymity.

Why does bitcoin need a new address for every transaction?

Using a new address for every bitcoin transaction prevents users from tracking transactions through the Blockchain. This helps to maintain anonymity, which helps to protect users on both ends of Bitcoin transactions.

Why can’t I transfer my Bitcoin to another bitcoin exchange?

Because the address is new and unused the exchange will have no idea that it belongs to you, and so will be unable to block the transfer. Bitcoin does not, at a low level, have any concept of addresses, only individual coins. Address reuse, at this layer, requires producing multiple digital signatures when you spend bitcoins.