Wallet Address BookDec 12, 2022
Bitcoin's alphanumeric address can contain up to 35 symbols. Any wallet is a randomly generated lengthy string of letters & numbers. It's nonsense trying to remember it or type it symbol by symbol. Copy-pasting every time is actually pretty burdensome. Similarly, saving wallets you'll need for future transactions in Word is hardly the best choice.
Today we're reviewing a handy feature for quick coin or token send already installed in your crypto wallet that really makes things easier.
Beaming Convenience of Wallet Address Books
A wallet book is a simple cryptocurrency wallet address manager similar to Contacts list on your phone. It is a section in your wallet where you can save, remove, and manage wallet addresses you often use.
The wallet address book is a pretty simple tool that can assist with cumbersome steps while sending crypto.
- Save regularly used addresses and access them in no time.
With a crypto address book, it's easy to keep your frequently used wallets for buying, sending, and receiving tokens and NFTs. Save the addresses of your friends, co-workers, and employees. Add your exchange wallets (well, because it's wise to store your funds on non-custodial services to ensure you really own your crypto). Tag them, rename, and edit for easy navigation.
- Send crypto to your contacts in a few clicks.
Address books are perfect for users who regularly need to send payments to the same recipients. Just open your address storage, choose one of your contacts, and send crypto in a flash.
- Secure addresses from clipboard hijacking.
Copypasting comes as a blessing when you need to insert the crypto address. But do you often double-check it? As it turns out, you should be. Lately, the crypto community faces malware that steals your crypto by replacing copied addresses with hackers' wallets. With a contacts list, you will not have to worry about that.
- Restrict crypto withdrawals and set withdrawal limits.
Some wallets allow you to limit amounts for transactions for specific wallets or restrict sending crypto to any other recipient other than added to the address book. It's a practical option to prevent your holdings from being sent to the wrong address.
- Access it right from your wallet.
Many crypto wallets have an in-built contact manager to assist you. For instance, in Arctic Wallet, you can discover it right from the “Wallet” section. It helps to perform all the operations mentioned above without leaving the app.
|Image Source: Arctic Wallet App|
Still storing crypto addresses in Google Sheets or Notes App? Try a cryptocurrency address manager in your wallet. Wallets today are far more than just storage but an app giving you everything you need in one place. It will undoubtedly enhance your user experience as it covers all your crypto needs.
What is a crypto wallet address book?
A crypto address book is a list of public addresses you use often to facilitate transactions and prevent any mistake while sending crypto.
How do I add a new address to my address book?
Save the transaction you made and the address will be saved automatically.
How do I send crypto to an address in my address book?
Choose the asset you want to send - press “Address Book” - Find the address you need - choose it - send crypto.
Is it safe to store wallet addresses in-app?
A public address is a crypto version of a bank account IBAN or SWIFT Code as it is purely used as an identification number. As the name suggests, these can be revealed without being exposed to fraudulent activities, while your private address should be kept extremely safe and never shared with anyone. So it's not possible to retrieve your coins purely by knowing the address. Regardless, Arctic Wallet is a non-custodial wallet that keeps no coins and no app data and, thus, cannot reach your contacts.