Your wallet can issue numerous addresses, “containing” different things —not only your traditional transactions. Let's find out what they can do.
Using cryptocurrencies always implies using their addresses. They’re long alphanumeric strings that allow you to send and receive various coins and data securely. Put simply, a crypto address is like a digital mailbox for your digital assets or any other data registered on the ledger. A bank account number for deposits, sort of. —not only your traditional transactions. A is a crypto address. An is an address. A fungible or non-fungible token is also an address on some ledgers.
You need to use the right type for each ledger, or you’ll lose your assets in the process. That’s why it is advisable to always double-check your crypto addresses before sending funds. Common Crypto Addresses How do you avoid mistakes and don’t mix addresses, then? Well, besides double-checking, some exchanges and wallets will warn you that you’re using the wrong type of address. The , for instance, won’t let you transfer to an invalid address .
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