Post
Topic
Board Beginners & Help
Re: Large Transfers - best practices?
by
Upgrade00
on 25/05/2021, 06:04:28 UTC
Receiving multiple transactions with one address is fine until you spend with it.
It is fine, but could and should be avoided when possible.
HD wallets are designed to have multiple addresses and changes the receiving address each time a user requests for one; this is useful for privacy, cause if a user receives funds to 5 or 6 different addresses, it is impossible to know they are owned by the same person except they use all those UTXOs in one transactions. So a scenario where you send your address to someone for payment, they will not be able to spy into your balance.