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Can You Use Old Receiving Addresses in Bitcoin Wallets? Exploring Implications for Privacy, Security, and HD Wallets

Before we dive into the topic, let’s first discuss what a receiving address is and how it works in Bitcoin. A receiving address is a string of letters and numbers that is used to receive Bitcoin payments. Each Bitcoin wallet generates a unique receiving address for its users. When someone sends Bitcoin to this address, the transaction is recorded on the blockchain, which is a public ledger that stores all Bitcoin transactions.

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