What is the best bitcoin donation address to use for fundraising?

3 answers

• May 06, 2022 · 3 years ago
  One of the best bitcoin donation addresses to use for fundraising is a SegWit address. SegWit addresses offer lower transaction fees and faster confirmation times compared to legacy addresses. They also support the development of new features and improvements in the Bitcoin network. To generate a SegWit address, you can use a wallet that supports SegWit, such as Electrum or Ledger Live. Make sure to choose a reputable wallet and follow the recommended security practices to protect your funds.
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• May 06, 2022 · 3 years ago
  When it comes to fundraising with bitcoin, using a multi-signature (multisig) address can provide an extra layer of security. A multisig address requires multiple private keys to authorize transactions, making it more difficult for hackers to steal funds. You can create a multisig address using a wallet that supports this feature, such as BitGo or Casa. Keep in mind that setting up a multisig address may involve additional complexity and fees, but it can be worth it for the added security.
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• May 06, 2022 · 3 years ago
  At BYDFi, we recommend using a Bitcoin address generated from a hardware wallet for fundraising. Hardware wallets, such as Trezor or Ledger, provide an extra level of security by keeping your private keys offline. This reduces the risk of your funds being compromised by malware or hackers. Additionally, hardware wallets often have user-friendly interfaces that make it easy to generate and manage bitcoin addresses. Remember to keep your hardware wallet safe and backup your recovery phrase in a secure location.
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