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What does the withdrawal address label mean (what content should be filled in the withdrawal address)?

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What does the withdrawal address label mean? It is usually used to mark a specif

What does the withdrawal address label mean (what content should be filled in the withdrawal address)?

What does the withdrawal address label mean? It is usually used to mark a specific type of asset or to perform transfer in this way. For example, if a project on Ethereum sends a small transaction, but then receives large transactions and transfers the money to this address, and gives a commission to this transaction. This way, the amount received, sender, and receiver’s account balance of the digital currency can be identified and recorded.

For users who want to transfer funds from one address to another, there will be a “wallet” notation here (for example, an exchange). If needed, this string can be used to track this address.

What content should be filled in the withdrawal address?

What content should be filled in the withdrawal address is clearly stated in the exchange’s announcement. For example, if a user wants to withdraw ETH or ERC20 tokens through a transaction to their own address, if they need to transfer digital currency to the exchange, they must enter the corresponding address. These wallets include mainstream encrypted asset wallets such as Bitcoin, Ethereum, EOS, as well as various types of digital asset wallets, and so on, should be written in this address.

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