A wallet address is similar to a bank account number - with a few differences. If you want to receive crypto from someone else, you’ll give them your wallet address so they know where to send it.
It’s a unique combination of letters and numbers and it looks something like this: 1ExAmpLe0FaBiTco1NADr3sSV5tsGaMF6hd
And, unlike a bank account, one wallet can have multiple receiving addresses generated by its public key. Think of these as once-off addresses made for one specific payment or a collection of transactions.
Some of your crypto wallets will allow you to create multiple receiving addresses, while others will only have one address you can use:
- Single address: Ethereum (ETH), Chainlink (LINK), Uniswap (UNI), USDC
- Multiple addresses: Bitcoin (BTC), Ripple (XRP), Litecoin (LTC), BitcoinCash (BCH)
You can create a wallet address (and a corresponding QR code) using your Luno app for all supported cryptocurrencies.
Note
A specific crypto wallet address can’t receive another kind of crypto - Bitcoin goes into a Bitcoin wallet, Ethereum into an Ethereum wallet. Always double-check (triple-check!) that the address you’re sharing matches the crypto you want to receive.
Where do I find my wallet address?
- Open the Luno app and sign in
- Select Wallets from the menu
- Open the wallet for the cryptocurrency you want to receive
- Select Receive (on some wallets you'll find Receive by selecting MORE from the menu at the top)
Here you’ll see your existing wallet address or the option to add a receive address. If you’re new to Luno, you’ll need to add a receive address first. Share your receive address or QR code with the person who is sending cryptocurrency to you.
Warning: send the right currency to the right receive address
Different cryptocurrencies are incompatible with other receive addresses. If you, for instance, send Ethereum Classic (ETC) to your Ethereum (ETH) receive address, the funds will be lost. Funds will also be lost if you send Bitcoin Cash (BCH) to a Bitcoin (BTC) receive address.
Tip
If you’re planning to receive a large amount of crypto, it’s best practice to start with a ‘test send’. Ask the sender if they can send a small portion of the crypto first, then once you’ve confirmed that you received it successfully, they can send the rest.