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Why does it say 'opened' on my digital wallet when I check my cryptocurrency balance?

avatarBhavya PokalaDec 30, 2021 · 3 years ago3 answers

When I check my cryptocurrency balance on my digital wallet, it always says 'opened'. What does this mean?

Why does it say 'opened' on my digital wallet when I check my cryptocurrency balance?

3 answers

  • avatarDec 30, 2021 · 3 years ago
    The term 'opened' on your digital wallet refers to the status of your wallet being connected to the blockchain network. When your wallet is 'opened', it means that it is actively connected to the network and able to send and receive transactions. This status is important for ensuring the accuracy and security of your cryptocurrency balance.
  • avatarDec 30, 2021 · 3 years ago
    When your digital wallet says 'opened', it means that it is online and ready to interact with the blockchain. This status indicates that your wallet is connected to the network and can perform transactions. It's a good sign that your wallet is functioning properly and you can manage your cryptocurrency balance.
  • avatarDec 30, 2021 · 3 years ago
    When you see 'opened' on your digital wallet, it means that your wallet is connected to the blockchain network and ready to process transactions. This status is important for maintaining the security and integrity of your cryptocurrency balance. If you're using BYDFi, they ensure that your wallet is always 'opened' to provide you with a seamless experience.