Post
Topic
Board Development & Technical Discussion
Merits 5 from 3 users
Re: Wallet creating new addresses.
by
witcher_sense
on 27/01/2023, 19:42:33 UTC
⭐ Merited by hosseinimr93 (2) ,pooya87 (2) ,ETFbitcoin (1)
I just received my first Bitcoin today, and I noticed that a new bech31 address has been added to my wallet, while the previous bech31 address is no longer visible. So here's my question.
  • What will happen to my Bitcoin if I decide to transfer some sats to the former address?
  • Is this something I should be concerned about?

The Wallet name is MYCELIUM.
Your wallet generates a new address each time the "old" one receives bitcoin. It is not a bug, but a feature that tries to protect you from unintentional address reuse. Addess reuse is when you use the same addrress on reccuring basis. This is not against the rules of Bitcoin protocol to reuse your address, but it kind of bad for your transactional privacy. So, after you receive a payment, you still have control over the address and you can reuse it freely. Don't be afraid of making transactions on bitcoin network, but do it wisely. If you are unsure if your payment will reach its destination, try to send a negligible amount and see if it succeeds.