Are there any risks associated with sharing a bitcoin extended public key?

3 answers

• Nov 24, 2021 · 3 years ago
  Sharing a bitcoin extended public key can pose certain risks, especially if it falls into the wrong hands. It's important to understand that the extended public key allows someone to generate all the public keys associated with your bitcoin addresses. This means that if someone gains access to your extended public key, they can potentially derive all your bitcoin addresses and monitor your transactions. Therefore, it's crucial to keep your extended public key private and only share it with trusted parties.
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• Nov 24, 2021 · 3 years ago
  Sharing your bitcoin extended public key is generally safe as long as you are cautious about who you share it with. It's important to only share it with trusted individuals or services that you trust. However, it's worth noting that sharing your extended public key does expose some information about your bitcoin addresses, which could potentially be used to track your transactions. So, it's always a good idea to be mindful of who you share this information with and consider the potential privacy implications.
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• Nov 24, 2021 · 3 years ago
  At BYDFi, we understand the importance of keeping your bitcoin extended public key secure. While sharing your extended public key can be useful for certain purposes, such as receiving payments or monitoring your own transactions, it's important to be aware of the risks involved. We recommend exercising caution when sharing your extended public key and only doing so with trusted parties. As always, it's important to stay informed about the latest security practices and take steps to protect your digital assets.
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