Wallet Addresses Keep Changing?
Have you ever examined your wallet address and noticed it has changed? Perhaps you’ve entered your wallet address into a block explorer and noticed the balances don’t add up? Don’t worry, this is completely normal for a number of different cryptocurrencies. For the Cryptocurrencies in question, each balance viewed within a block explorer is the balance associated with that particular wallet address. As opposed to the balance of the entire wallet.
Often, Cryptocurrencies such as Bitcoin (BTC), Bitcoin Cash (BCH), Bitcoin Gold (BTG), Litecoin (LTC), Dash (DASH) and many others have multiple ‘change addresses’. An easy way to think about this is to compare Cryptocurrency transactions to cash transactions. For example, if I pay for an $8.00 meal with a $10.00 note, the cashier gives $2.00 back as change. This is very similar to how change addresses work. Basically, it is the leftover transaction-output that change is directed to.
However, cryptocurrency transactions are slightly different. The ‘change’ given is really from the transaction input ($10.00 note) total being split. One part of the input transaction ($8.00) goes to the payee. The other part (change) goes to your change address. This process is the equivalent of ripping off a fifth, or $2.00 worth of the $10.00 note and sending it to the change address and sending the other four-fifths or $8.00 worth to the payee.
Change addresses do vary from wallet to wallet. Generally, users are given a new address upon sending and receiving Crypto. Therefore, it is important to note that addresses are always associated with your wallet and your wallet only. If you send some Cryptocurrency to an old wallet address rather than the one currently displayed in your wallet, the coins will be received. Change addresses are simply used to protect user privacy.
If you have any questions regarding change addresses please contact us.