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What Is a Recipient Wallet Address?
What Is a Recipient Wallet Address?
Updated over a year ago

If you want to receive a cryptocurrency, you need to have it sent to a specific crypto wallet. Each coin has its own wallet. The recipient address is your wallet address, to which your crypto is transferred after the exchange is completed.

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How Does A Wallet Address Work?

The bank gives you an account number when you create a bank account. This is like your crypto address. You can share your account number with people who want to send you money, and the bank will make sure that the money goes to your account.

Similarly, in the world of digital money, you have a crypto address. It's a special code that you can share with people who want to send you digital money. Just like your bank account number, your crypto address is unique to you, so no one else can use it.

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In Summary,

When you carry out an exchange on Breet, you need an address to which your crypto is transferred after the exchange is completed. In other words, if you want to exchange Litecoin for Dogecoin, that means you want to send Litecoin, and you want to receive Dogecoin, which means you are expected to provide your Dogecoin wallet address.

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