Quote from: Review Master on January 06, 2021, 04:38:37 PM

Quote from: bakasabo on January 06, 2021, 11:14:49 AM

Can someone explain why when depositing Bitcoin to an exchange, it sometimes generates new, but sometimes gives old (user have already deposited there) address? Or creates a different address for each user who deposit? Why not just make a few hundred of address and ask users to deposit only there? Instead, for example Binance, has 15,000,000+ users worldwide. Means exchange manage minimum 15 million address. I understand this is all security measures, but dont understand why manage so many addresses.

Bascially, it's worked like this: whenever a new user is going to deposit bitcoin, exchanges give them a new address in order to track that ( that address will be used for that user until exchanges upgarde their system/nodes). And usually bitcoin's transfered from that user address into exchanges hot wallet whenever user triggers any trade. This whole system is done by back-end software of that exchange and none is needed to manage their user's addresses, imo.

When you use coinbase exchange for receiving bitcoin assets every time bitcoin address will change but don't worry you will get and received your bitcoin fund, I think generate address is not impact with your old address gone but you can still use your old address and can received bitcoin, I ever use coinbase long time and always generate address for receiving bitcoin assets because looks good with new address bitcoin.