#Does the Ballet Crypto app generate new cryptocurrency addresses when I activate additional cryptocurrency accounts on my Ballet wallet?


No. The deposit addresses for every cryptocurrency that we support are generated during the manufacturing process. The primary coin address is printed on the QR code sticker and the other coins’ addresses are stored in our database. All addresses are derived from the same BIP38 two-factor private key, which is deleted immediately after the manufacturing process and not stored anywhere. When you activate additional cryptocurrency accounts on your Ballet wallet, the app retrieves the pre-generated addresses from our database. It does not generate new private keys or addresses. For more information on Ballet’s patented 2FKG manufacturing process, please visit: https://www.balletcrypto.com/2FKG

Was this article helpful?
0 out of 0 found this helpful

Articles in this section

See more