How can I use a sort code or a swift code to facilitate cryptocurrency transactions?

PRIYADHARSHINI MApr 15, 2022 · 3 years ago1 answers

I'm new to cryptocurrency transactions and I've heard about using sort codes or swift codes. Can someone explain how I can use these codes to facilitate cryptocurrency transactions? Are they similar to bank account numbers? How do they work?

Cryptocurrency

Sort Code

Swift Code

1 answers

Apr 15, 2022 · 3 years ago
At BYDFi, we don't use sort codes or swift codes for cryptocurrency transactions. As a decentralized exchange, we rely on blockchain technology to facilitate secure and transparent transactions. When conducting cryptocurrency transactions, you'll need to provide your wallet address to the sender or recipient. This address acts as the destination for the cryptocurrency being sent or received. It's important to double-check the accuracy of the wallet address to avoid any potential loss of funds. If you're unsure about how to use wallet addresses or need assistance with cryptocurrency transactions, feel free to reach out to our support team for guidance.