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What is a withdrawal address?

A withdrawal address is an unique identificator used to move cryptocurrency from your wallet to an external address. This could be your hardware,mobile wallet address, etc. Understanding the withdrawal process is crucial for anyone involved in crypto transactions, as it ensures that digital assets are sent to the correct recipient.

How do I add a new withdrawal address?

Click on the Add new withdrawal address button to input the new withdrawal address. Enter a unique "Label" for the address (e.g. “BTC savings”, “My BTC address”, etc.) to help you remember what the address is used for. Note: all withdrawal addresses and address descriptions on your account must have a unique label.

What is a bitcoin withdrawal address?

A Bitcoin withdrawal address is a unique alphanumeric wallet identifier (27 to 34 characters) to which other users can send cryptocurrency. It is similar to a bank account number in the Bitcoin blockchain network. A Bitcoin address is generated from a public key using one-way cryptographic hashing.

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