Bitcoin address start with 3

Invoice address

A Bitcoin invoice address, or simply invoice, is an identifier of 26-35 alphanumeric characters, beginning with the number 1 , 3 or bc1 that represents a possible destination for a bitcoin payment. Invoices can be generated at no cost by any user of Bitcoin. It is also possible to get a Bitcoin invoice address using an account at an exchange or online wallet service.

There are currently three invoice address formats in use:

1. P2PKH which begin with the number 1 , eg: 1BvBMSEYstWetqTFn5Au4m4GFg7xJaNVN2 .
2. P2SH type starting with the number 3 , eg: 3J98t1WpEZ73CNmQviecrnyiWrnqRhWNLy .
3. Bech32 type starting with bc1 , eg: bc1qar0srrr7xfkvy5l643lydnw9re59gtzzwf5mdq .

Contents

A Bitcoin invoice address is a single-use token

Like e-mail addresses, you can send bitcoins to a person by sending bitcoins to one of their invoice addresses. However, unlike e-mail addresses, people have many different Bitcoin invoice addresses and for privacy and security reasons a unique invoice should be used for each transaction. Most Bitcoin software and websites will help with this by generating a brand new invoice each time you create an invoice or payment request.

A naive way to accept bitcoin as a merchant is to tell your customers to send money to a single invoice address. However this does not work because Bitcoin transactions are public on the block chain, so if a customer Alice sends you bitcoins then a malicious agent Bob could see that same transaction and send you an email claiming that he paid. You would have no way of knowing whether it was Alice or Bob who send coins to your invoice. This is why each customer must be given a brand new invoice.

Invoices can be created offline

Creating invoices can be done without an Internet connection and does not require any contact or registration with the Bitcoin network. It is possible to create large batches of invoices offline using freely available software tools. Generating batches of invoices is useful in several scenarios, such as e-commerce websites where a unique pre-generated invoice address is dispensed to each customer who chooses a «pay with Bitcoin» option. Newer «HD wallets» can generate a «master public key» token which can be used to allow untrusted systems (such as webservers) to generate an unlimited number of invoices without the ability to spend the bitcoins received.

Invoice addresses are often case sensitive and exact

Old-style Bitcoin invoice addresses are case-sensitive. Bitcoin invoices should be copied and pasted using the computer’s clipboard wherever possible. If you hand-key a Bitcoin invoice address, and each character is not transcribed exactly — including capitalization — the incorrect invoice address will most likely be rejected by the Bitcoin software. You will have to check your entry and try again.

The probability that a mistyped invoice is accepted as being valid is 1 in 2 32 , that is, approximately 1 in 4.29 billion.

New-style bech32 invoices are case insensitive.

Proving you receive with an invoice address

Most Bitcoin wallets have a function to «sign» a message, proving the entity receiving funds with an invoice has agreed to the message. This can be used to, for example, finalise a contract in a cryptographically provable way prior to making payment for it.

Some services will also piggy-back on this capability by dedicating a specific invoice address for authentication only, in which case the invoice address should never be used for actual Bitcoin transactions. When you login to or use their service, you will provide a signature proving you are the same person with the pre-negotiated invoice address.

It is important to note that these signatures only prove one receives with an invoice. Since Bitcoin transactions do not have a «from» address, you cannot prove you are the sender of funds.

Current standards for message signatures are only compatible with «version zero» bitcoin invoice addresses (that begin with the number 1).

Invoice address validation

If you would like to validate a Bitcoin invoice address in an application, it is advisable to use a method from this thread rather than to just check for string length, allowed characters, or that the invoice starts with a 1 or 3. Validation may also be done using open source code available in various languages or with an online validating tool.

Multi-signature invoice addresses

Invoices can be created for keys that require a combination of multiple private keys. Since these take advantage of newer features, they begin with the newer prefix of 3 or bc1 instead of the older 1. These can be thought of as the equivalent of writing a check to two parties — «pay to the order of somebody AND somebody else» — where both parties must endorse the check in order to receive the funds.

The actual requirement (number of private keys needed, their corresponding public keys, etc.) that must be satisfied to spend the funds is decided in advance by the person generating this type of invoice, and once an invoice is created, the requirement cannot be changed without generating a new invoice.

What’s in an invoice

Most Bitcoin invoice addresses are 34 characters. They consist of random digits and uppercase and lowercase letters, with the exception that the uppercase letter «O», uppercase letter «I», lowercase letter «l», and the number «0» are never used to prevent visual ambiguity.

Some Bitcoin invoice addresses can be shorter than 34 characters (as few as 26) and still be valid. A significant percentage of Bitcoin invoice addresses are only 33 characters, and some invoices may be even shorter. Technically, every Bitcoin invoice stands for a number. These shorter invoices are valid simply because they stand for numbers that happen to start with zeroes, and when the zeroes are omitted, the encoded invoice address gets shorter.

Several of the characters inside a Bitcoin invoice are used as a checksum so that typographical errors can be automatically found and rejected. The checksum also allows Bitcoin software to confirm that a 33-character (or shorter) invoice is in fact valid and isn’t simply an invoice with a missing character.

Testnet

Invoice addresses on the Bitcoin Testnet are generated with a different prefix. See List of address prefixes and Testnet for more details.

Misconceptions

Address reuse

Invoice addresses are not intended to be used more than once, and doing so has numerous problems associated. See the dedicated article on address reuse for more details.

Address balances

Invoice addresses are not wallets nor accounts, and do not carry balances. They only receive funds, and you do not send «from» an address at any time. Various confusing services and software display bitcoins received with an invoice address, minus bitcoins sent in random unrelated transactions as an «address balance», but this number is not meaningful: it does not imply the recipient of the bitcoins sent to the address has spent them, nor that they still have or don’t have the bitcoins received.

An example of bitcoin loss resulting from this misunderstanding is when people believed their invoice address contained 3 BTC. They spent 0.5 BTC and believed the address now contained 2.5 BTC when actually it contained zero. The remaining 2.5 BTC was transferred to a «change address» which was not backed up and therefore lost. This has happened on a few occasions to users of Paper wallets.

«From» addresses

Bitcoin transactions do not have any kind of origin-, source- or «from» address. See the dedicated article on «from address» for more details.

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Bitcoin address

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Bitcoin address is an identifier (account number), starting with 1 or 3 and containing 27-34 alphanumeric Latin characters (except 0, O, I). Bitcoin addresses can be also represented as a QR-code. The addresses are anonymous and do not contain information about the owner. A bitcoin address can be obtained for free, using, for example, Bitcoin software. Bitcoin address example:

Addresses 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 address using an account at an exchange or online wallet service.

There are currently two bitcoin address format in common use:

Common Pay-to-Pubkey Hash (P2PKH) which begin with the number 1. Newer Pay-to-Script Hash (P2SH) type starting with the number 3, eg: 35bSzXvRKLpHsHMrzb82f617cV4Srnt7hS .

Contents

What’s in a Bitcoin address [ edit ]

Most Bitcoin addresses are 34 characters. They consist of random digits and uppercase and lowercase letters, with the exception that the uppercase letter «O», uppercase letter «I», lowercase letter «l», and the number «0» are never used to prevent visual ambiguity.

Some Bitcoin addresses can be shorter than 34 characters (as few as 26) and still be valid. A significant percentage of Bitcoin addresses are only 33 characters, and some bitcoin address length may be even shorter.

Every Bitcoin address stands for a number. These shorter addresses are valid simply because they stand for numbers that happen to start with zeroes, and when the zeroes are omitted, the encoded address gets shorter.

Several of the characters inside a Bitcoin address are used as a checksum so that typographical errors can be automatically found and rejected. The checksum also allows Bitcoin software to confirm that a 33-character (or shorter) address is in fact valid and isn’t simply an address with a missing character.

Purpose and opportunities [ edit ]

Transfer/receive transactions of Bitcoins (Cryptocurrency, BTC) can be performed via address like the work with e-mail messages. One person can create an unlimited number of addresses, increasing the anonymity level of the payments. When performing the next transaction with BTC a new address is often created (the funds are credited/debited within 1-2 hours). At the same time the private key pair is generated, providing access to the identifier and the ability to perform transactions with currency. They are stored in the wallet.dat file on the user’s computer.

Input conditions [ edit ]

In order to avoid errors when manually inputting the address, it is recommended to use the clipboard. Symbols register is considered when you manually input the address. In case of incorrect input Bitcoins are sent to the wrong address or the transaction is rejected. Last one is done automatically if the identifier contains symbols that are used as a checksum (for verification).

The probability that a mistyped address is accepted as being valid is, approximately 1 in 4.29 billion.

How to create Bitcoin address? [ edit ]

The address is created by generating of random numbers and performing specific mathematical operations. It does not require Internet connection and registration at Bitcoin, where it begins to be monitored. Thousands of addresses (including personalized) and keys thereto can be generated within 1 minute, for example, when using Vanitygen utility.

Creating bitcoin address can be done without an Internet connection and does not require any contact or registration with the Bitcoin network. It is possible to create large batches of addresses offline using freely available software tools. Generating batches of addresses is useful in several scenarios, such as e-commerce websites where a unique pre-generated address is dispensed to each customer who chooses a «pay with Bitcoin» option. Newer «HD wallets» can generate a «seed» token which can be used to allow untrusted systems (such as webservers) to generate an unlimited number of addresses without the ability to spend the bitcoins received.

Transactions [ edit ]

Record of the BTC transfer from one address to another generates a transaction. It contains the hash of the previous transaction signed by the sender and Bitcoins recipients address. All information is sent to the Bitcoin network and after signatures verification transaction is accepted for processing.

Most Bitcoin wallets have a function to «sign» a message, proving the entity receiving funds with an address has agreed to the message. This can be used to, for example, finalise a contract in a cryptographically provable way prior to making payment for it.

Some services will also piggy-back on this capability by dedicating a specific address for authentication only, in which case the address should never be used for actual Bitcoin transactions. When you login to or use their service, you will provide a signature proving you are the same person with the pre-negotiated address.

It is important to note that these signatures only prove one receives with an address. Since Bitcoin transactions do not have a «from» address, you cannot prove you are the sender of funds.

Current standards for message signatures are only compatible with «version zero» bitcoin addresses (that begin with the number 1).

Bitcoin Address Validation [ edit ]

If you would like to validate a Bitcoin address in an application, it is advisable to use a method rather than to just check for string length, allowed characters, or that the address starts with a 1 or 3. Validation may also be done using open source code available in various languages or with an online validating tool.

Loss of Bitcoins [ edit ]

Loss of Bitcoins is possible in the following situations:

• if the wallet is lost because of the hard drive failure,
• when generating a new address, getting BTC on it and restoring the wallet from an earlier backup, where address is not yet created,
• when sending Bitcoins to address that doesn’t have owner.

Multi-signature Bitcoin address [ edit ]

Addresses can be created that require a combination of multiple private keys. Since these take advantage of newer features, they begin with the newer prefix of 3 instead of the older 1. These can be thought of as the equivalent of writing a check to two parties — «pay to the order of somebody AND somebody else» — where both parties must endorse the check in order to receive the funds.

The actual requirement (number of private keys needed, their corresponding public keys, etc.) that must be satisfied to spend the funds is decided in advance by the person generating this type of address, and once an address is created, the requirement cannot be changed without generating a new address.

Address balances [ edit ]

Addresses are not wallets nor accounts, and do not carry balances. They only receive funds, and you do not send «from» an address at any time. Various confusing services and software display bitcoins received with an address, minus bitcoins sent in random unrelated transactions as an «address balance», but this number is not meaningful: it does not imply the recipient of the bitcoins sent to the address has spent them, nor that they still have the bitcoins received.

An example of bitcoin loss resulting from this misunderstanding is when people believed their address contained 3 BTC. They spent 0.5 Bitcoins and believed the address now contained 2.5 BTC when actually it contained zero. The remaining 2.5 Bitcoins was transferred to a change address which was not backed up and therefore lost. This has happened on a few occasions to users of Paper wallets.

«From» addresses [ edit ]

Bitcoin transactions do not have any kind of origin-, source- or «from» address.

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