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Author Topic: Amount of Bitcoin addresses  (Read 554 times)
TheJackster (OP)
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April 24, 2013, 02:47:14 PM
 #1

Hi guys,

Does it matter how many Bitcoin addresses I have on my client? Will it have any disadvantages if I have say 30 Bitcoin addresses.

I like to have individual addresses for payments etc.

Thanks,

Jack
szad
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April 24, 2013, 02:52:51 PM
 #2

Nope
You can have as many as you want
Fluxbit
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April 24, 2013, 02:54:58 PM
 #3

You can have as many as you want.  You already have 100 of them:

https://en.bitcoin.it/wiki/Securing_your_wallet
Kattywampus
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April 24, 2013, 02:57:23 PM
 #4

I agree, you can have as many as you want. I use multiple address to keep track of where my transactions are going and able to keep a running total of the amount of money that goes to any given person.
zomby2d
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April 24, 2013, 03:43:08 PM
 #5

Considering the fact that transactions are somewhat anonymous, having mutliple address is the best way to manage where the coins are coming from. Just be careful to make a new backup if you go over the basic 100 addresses.
DannyHamilton
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April 24, 2013, 04:31:17 PM
 #6

Considering the fact that transactions are somewhat anonymous, having mutliple address is the best way to manage where the coins are coming from. Just be careful to make a new backup if you go over the basic 100 addresses.

Make backups on a regular basis even if you don't go over 100 addresses.

Assuming you are using Bitcoin-Qt for your wallet, it creates a new address (that it keeps hidden and doesn't tell you about) every time you create a new transaction.  It moves some of your bitcoins to that hidden address.  So if you create only 25 addresses, but you also send 80 transactions, then you have used up more than the 100 future addresses that were included in your last backup.
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