In this article:
Learn how to navigate the different blockchain addresses each wallet you own in Best Wallet will have.
If you've migrated your Best Wallet to enable multi-chain wallets, each multi-chain wallet will have different addresses per blockchain. This may be confusing, but each multi-chain wallet is essentially a collection of different blockchain addresses that are all tied together in Best Wallet.
On the other hand, your EVM-only wallets will have just one wallet address — an EVM address that is shared across BNB Smart Chain, Ethereum, and Polygon networks.
Why does a multi-chain wallet have several different addresses?
A multi-chain wallet has different addresses for each blockchain because every blockchain operates independently and uses its own address format.
For example, Bitcoin, Ethereum, and Solana all generate addresses differently. Best Wallet ensures compatibility by assigning a unique receiving address for each supported network in a multi-chain wallet.
Why is my Bitcoin address different from my Ethereum address?
Bitcoin and Ethereum use completely different blockchain technologies, which is why their wallet addresses are not the same.
Bitcoin (BTC) has its own blockchain with a unique address format based on Bitcoin’s cryptographic system. BTC addresses typically start with “1”, “3”, or “bc1”.
Ethereum (ETH) runs on the Ethereum Virtual Machine (EVM) and uses a different cryptographic method. Ethereum addresses start with “0x” and are used across all EVM-compatible networks, such as BNB Smart Chain and Polygon.
Because these blockchains are separate and operate under different rules, a Bitcoin address cannot receive Ethereum, and an Ethereum address cannot receive Bitcoin. Always check that you’re using the correct address before transferring crypto.
What happens if you send a cryptocurrency to the wrong address
If you send cryptocurrency to the wrong address, the funds may be lost permanently or you may end up paying gas fees for failed transactions. Transactions on the blockchain are irreversible, so there is no way to cancel or retrieve a mistaken transfer.
Before sending crypto, always double-check that the receiving address matches the correct network and token type.
Why does an EVM-only wallet have just one address?
EVM-only wallets have a single address because Ethereum Virtual Machine (EVM) networks share the same address format and infrastructure.
Ethereum, BNB Smart Chain, and Polygon are all EVM-compatible, meaning they use the same cryptographic methods for generating wallet addresses. This allows a single address to work across multiple networks.
With an EVM-only wallet in Best Wallet, you can receive tokens on Ethereum, BNB Smart Chain, and Polygon using the same address.
However, while the address is the same, transactions must still be made on the correct network. Sending an Ethereum-based token via BNB Smart Chain could result in failed transactions or lost funds.
What does EVM mean?
EVM is a global, decentralized virtual machine that executes smart contracts and runs decentralized applications (dApps).
EVM compatibility means that these networks can understand and execute the same type of code and share similar infrastructure. This extends to the way wallet addresses are generated and managed.
Things to remember:
Select the Correct Network: Before receiving funds, ensure that you're using the correct network (Bitcoin, BNB Smart Chain, Ethereum, or Polygon). While your address might be the same across some networks, the actual blockchain processing your transaction must match the currency being sent.
Double-Check Details: Always double-check the address before sharing it or sending funds. A small mistake can lead to lost assets.
Understand Network Fees: Each network has its own transaction fee structure (also known as gas fees). Be aware of these fees when sending or receiving funds, as they can vary significantly between networks.
Read our guide on gas fees.
What to do if you transfer an unsupported asset
If you send an unsupported asset to an address in Best Wallet, the outcome depends on the network and the type of asset:
If the asset is on a supported network but not listed in Best Wallet – You may still be able to access it by adding the token manually. Check the blockchain explorer (e.g., Etherscan for Ethereum) to confirm the transaction and add the token using its contract address — read our step-by-step guide on finding and importing tokens.
If the asset is sent on the wrong network – For example, sending a Base token to an Ethereum address, the funds will not appear in your wallet. You may be able to recover them by importing your wallet into a service that supports both networks. Read our guide on how to recover missing tokens in Best Wallet.
If the asset is sent to an entirely different blockchain – For example, sending Bitcoin (BTC) to an Ethereum address, the transfer will either fail or your funds are likely permanently lost, as blockchains are not directly interoperable.
Before sending any crypto, double-check the address, network, and token type. If you need help, first do a small test transaction, then check a blockchain explorer or contact Best Wallet support.
Is it safe to share a wallet address?
Yes, it is generally safe to share your public address — however, we recommend only sharing it with people you know and trust. It's not good practice to share your wallet address publicly on social media.
However, you must never share your private keys, as they provide full access to your wallet. If someone else gets access to your private keys, they can take control of your wallet and move your funds.
Need further help?
If you're still confused about how your wallet addresses work, you can open a support ticket by emailing us at contact@bestwallet.com or on our Support site.
Important reminder: Best Wallet will never request your private key or secret recovery phrase. Keep this information strictly private and never share it with anyone.