How to Store Cryptocurrency Balance in MySQL?

Cryptocurrencies are digital or virtual tokens that use cryptography to secure their transactions and to control the creation of new units. Cryptocurrencies are decentralized, meaning they are not subject to government or financial institution control. Bitcoin, the first and most well-known cryptocurrency, was created in 2009.

Cryptocurrencies are stored in digital wallets. A wallet is a software program that stores your public and private keys and interacts with the blockchain to enable you to send and receive cryptocurrency. You can think of your public key as your cryptocurrency address, like your bank account number, and your private key as your PIN number. Your private key should never be shared with anyone; if someone else knows your private key they have access to your funds.

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There are four types of wallets: hot wallets, cold wallets, hardware wallets, and paper wallets.

Hot wallets are software programs that store your private keys on an internet-connected device. Because hot wallets are connected to the internet they are more vulnerable to hacking attacks than cold wallets. However, hot wallets are more convenient because they can be used to make instant transactions. Some popular hot wallets include Coinbase Wallet, Blockchain Wallet, and Exodus Wallet.

Cold wallets are software programs that store your private keys offline on a device such as a USB drive or a computer not connected to the internet. Cold wallets are considered more secure because they cannot be hacked; however, they can be lost or stolen if the physical device is not properly secured. Some

Why MySQL is a good option for cryptocurrency storage

When it comes to storing cryptocurrency balance, MySQL is a great option. It is highly secure and provides a number of features that make it ideal for this purpose. For example, MySQL supports multiple storage engines, which gives you the flexibility to choose the one that best suits your needs. Additionally, MySQL offers a variety of security features, such as encryption and user management, that can help you keep your coins safe.

How to store a cryptocurrency balance in MySQL

It is always a good idea to store your cryptocurrency balance in a secure place. The most popular way to do this is by using a MySQL database. In order to store your cryptocurrency balance in MySQL, you will need to create a table that contains the following fields:

  • Address: This is the public address of your cryptocurrency balance.
  • Balance: This is the amount of cryptocurrency that you have in your balance.
  • Date: This is the date when you last updated your balance.

Once you have created this table, you will need to insert your current balance into it. You can do this by running the following SQL query:

INSERT INTO TABLE_NAME (address, balance, date) VALUES (Your_Address, Your_Balance, Current_Date);

Make sure to replace TABLE_NAME with the actual name of your table, and Your_Address and Your_Balance with the actual values for those fields. Once you have inserted your data into the table, you can retrieve it at any time by running the following SQL query:

SELECT * FROM TABLE_NAME WHERE address=Your_Address;

How to retrieve a cryptocurrency balance from MySQL

If you’re running a cryptocurrency application, it’s likely that you’ll need to store balances for each of your users in a database. MySQL is a popular choice for many applications, so in this article we’ll show you how to store cryptocurrency balances in MySQL.

There are two ways to retrieve a cryptocurrency balance from MySQL: using an SQL query, or using the PHP API. We’ll cover both methods below.

Using an SQL Query:

To retrieve a cryptocurrency balance using an SQL query, you’ll first need to know the address of the wallet that you want to check. Then, you can run the following query:


This query will return all data associated with the specified wallet address, including the balance. The balance is stored in the “balance” column of the “addresses” table.

Using the PHP API:

If you’re using the PHP API to interact with your MySQL database, you can use the following code snippet to retrieve a cryptocurrency balance:

Other options for storing cryptocurrency balances

When it comes to storing cryptocurrency balances in MySQL, there are a few different options available.

One option is to simply store the balance as an integer value in the database. This is the most straightforward approach, but it has its drawbacks.

For one, it’s not very flexible if you need to do anything with the data other than just display it.

If you ever need to change the currency or add a new one, you’ll need to modify the database structure and update all of the records accordingly.

Another option is to store each balance as a separate record in the database. This gives you more flexibility when working with the data, but can be more difficult to manage if you have a lot of balances.

Also read: Ledger Nano S Crypto Wallet Review

This approach doesn’t scale well if you need to support multiple currencies or add new ones down the line.

Ultimately, which approach you take will depend on your specific needs. If you just need to display basic balances and don’t anticipate any major changes, then storing them as integers may be sufficient.

However, if you need more flexibility or expect to make changes in the future, then storing each balance as a separate record may be a better option.


Storing cryptocurrency balances in a MySQL database is a great way to ensure the security of your digital assets. By taking the time to learn how to do this properly, you can rest assured that your funds will be safe and accessible for when you need them.

Additionally, having an organized record of all your transactions will help make it easier for you to keep track and manage your investments.

Whether you are just getting started with crypto or have been trading for years, learning how to store cryptocurrency balance in MySQL is a valuable skill that every serious investor should master.

Disclaimer: The information provided in this article is for education purposes only and doesn’t constitute investment advice. So, if you want to invest or trade in any Cryptocurrency, invest at your own risk. CoinGyani will not accept liability on loss or damage, which may arise directly or indirectly using such information.

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