How do BTC receiving addresses work at Shakepay?

Why does my Shakepay BTC wallet address change?

Bitcoin cash-in wallet addresses make cash-ins more efficient. In-addition, rotating wallet addresses are a best practice for privacy purposes.

What you need to know

New Bitcoin addresses will be assigned to you after every use. You may continue to use previously assigned addresses but it is best practice in Bitcoin not to reuse addresses.

Ethereum address will not be generated every time you send ETH to your Shakepay wallet.

Note: As of Wednesday, May 29th, 2023 all new BTC addresses generated will be Native SegWit.

Will my previous Shakepay wallet addresses still work?

Yes, your old wallet addresses will still be supported. If you have sent funds to your old wallet address they will still be received. You are assigned new Bitcoin wallet addresses which we recommend switching to right away for the best service.

What if I am sending BTC from a wallet that does not support Native SegWit?

If you are sending BTC from a wallet or platform that does not support Native SegWit, please reach out to our support team.

We will be able to generate a Wrapped SegWit address for you.