With a crypto wallet like ZenGo, you can send and receive crypto tokens and NFTs. But just like a bank account and IBAN or ACH, you need a reference for that account so you can receive or send anything. That reference is a wallet address.
What a wallet address is, and what does it look like?
A wallet address is a reference that identifies your blockchain account. Sometimes it is also called a public wallet address.
With a wallet address, you can receive crypto associated to that account and you can know how much crypto is associated with a particular account.
Each blockchain has a different blockchain address, and each blockchain has a different structure of wallet address. There is the equivalent of the email address but for cryptocurrencies.
For example, on Bitcoin a wallet address will look like
For example, on Ethereum, a wallet address will look like
Sometimes a wallet address is presented as a QR code.
How do I find my wallet address?
On ZenGo, simply tap "Actions" then "Receive" and then chose the blockchain /coin you want to receive and you will obtain your wallet address which you can use or share to receive crypto.
Always make sure you are using the correct blockchain when making a transaction or this could result in your losing your coins as crypto transactions are not reversible
How do i use my wallet address?
The principal usage is to use it to receive funds from another wallet or from yourself in a different service. When you start with ZenGo you can use this wallet address to deposit funds you have from another wallet or exchnage
Is my wallet address always the same?
Not exactly and it depends on the blockchain you want to use.
On bitcoin, your wallet address changes at each transaction, but your old addresses follow your account. Therefore you can reuse old addresses. But be mindful that transactions are public when you share them. We rotate addresses to protect your privacy so no one can trace exactly how much you own and what you do.
However, on Ethereum, this is different. Your wallet address stays the same over time.
Your Ethereum wallet address is also the same address for all your ERC20 tokens and belongs to the same account. This is why you will find the same wallet address for those tokens (like stable coins)
Your ethereum wallet address is also your Polygon tokens wallet address. This is just like the physical address of your home which allows you to receive packages and envelopes but here instead you receive at the same "home" different type of coins.
FAQ on Wallet addresses
What happens to my wallet addresses if I delete my ZenGo account?
You will lose access to all your old wallet addresses associated to your ZenGo account once you delete it, including all funds and future funds coming to it. Even if you create a new ZenGo account with the same email, you will no longer have access to those addresses.
What happens if I send a transaction to the wrong wallet address?
Blockchain transactions cannot be reversed or canceled once confirmed. Always make sure to verify the sending or receiving address to avoid issues.
Is it dangerous to share my wallet address with someone?
A wallet address cannot compromise access to your account, even if provided to a malicious party. However, by revealing your wallet address to the wrong actor, you are exposing your privacy and the funds you own. You are also giving a malicious actor a way to receive and potentially send you spam and even malicious tokens and NFTs. Always make sure you only share your wallet address with legitimate actors.
Can I obtain the list of all the wallet addresses i have ever used?
Yes. Go to Account and then export your transactions. An email will be sent to you with all the references.
Where can I find my private wallet address?
ZenGo is an MPC wallet and unlike traditional wallets, it does not have private keys and, therefore cannot provide you one
Does ZenGo support ENS addresses?
an ENS is a short name for Ethereum Name Service, which allows you to replace a long wallet address with a short easy name like "whatever.eth"
You can set your ENS to your ZenGo wallet address to use to receive funds. You can also mint or buy an ENS with ZenGo.
We do not yet support sending to an ENS directly in ZenGo but you can send to an ENS using third-party apps like Opensea or any other defi app