Overview#Bitcoin address is an identifier of 26-35 alphanumeric characters, beginning with the number 1 or 3, that represents a possible destination for a bitcoin payment.
Bitcoin address can be generated at no cost by any user of Bitcoin.
For example, using Bitcoin Core, one can click "New Address" and be assigned an address. It is also possible to get a Bitcoin addressusing an account at an exchange or online wallet service.
There are currently two address formats in common use:
- Common P2PKH which begin with the number 1, eg: 1BvBMSEYstWetqTFn5Au4m4GFg7xJaNVN2.
- Newer P2SH type starting with the number 3, eg: 3J98t1WpEZ73CNmQviecrnyiWrnqRhWNLy.