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Why did my Coinbase wallet address change? 🤔

avatarlighterraDec 19, 2021 · 3 years ago3 answers

I recently noticed that my Coinbase wallet address has changed. Why did this happen? Is it normal for wallet addresses to change?

Why did my Coinbase wallet address change? 🤔

3 answers

  • avatarDec 19, 2021 · 3 years ago
    It is normal for Coinbase wallet addresses to change periodically. This is a security measure implemented by Coinbase to protect your funds. By changing your wallet address, Coinbase reduces the risk of someone gaining unauthorized access to your account. This practice is common among cryptocurrency exchanges and wallets to enhance security.
  • avatarDec 19, 2021 · 3 years ago
    Yes, it's normal for Coinbase wallet addresses to change. Coinbase uses a feature called address rotation to enhance the privacy and security of its users. Address rotation helps prevent others from easily tracking your transaction history. So, don't worry if you see a new wallet address in your Coinbase account.
  • avatarDec 19, 2021 · 3 years ago
    Wallet address changes are a common practice among cryptocurrency exchanges, including Coinbase. This is done to enhance security and protect your funds. By regularly changing wallet addresses, Coinbase reduces the risk of potential hacking attempts and unauthorized access to your account. It's a proactive measure to ensure the safety of your digital assets.