What is the virtual currency address label

1.

You can download a bitcoin wallet or register on a trading platform. Everyone's bitcoin address is unique. If you have an address, you can make a bitcoin transfer. Download bitcoin client or bitcoin wallet, you can also register your own bitcoin address. A bitcoin address is a string of 26 to 34 bits of letters and numbers, which looks a bit like garbled code

the bitcoin address is an indivial's bitcoin account, which is equivalent to your bank card number. Anyone can transfer bitcoin to you through your bitcoin address. The red box is the bitcoin address. Log in to my bitcoin bag and you can see the money

extended materials:

the concept of bitcoin was first proposed by Nakamoto in 2009. According to Nakamoto's idea, the open source software was designed and released, and the P2P network on it was constructed. Bitcoin is a kind of P2P digital currency. Point to point transmission means a decentralized payment system

unlike most currencies, bitcoin does not rely on specific currency institutions. It is generated by a large number of calculations based on specific algorithms. Bitcoin economy uses the distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses the design of cryptography to ensure the security of all aspects of currency circulation. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction. The design based on cryptography can make bitcoin only be transferred or paid by the real owner. This also ensures the anonymity of money ownership and circulation transactions. The biggest difference between bitcoin and other virtual currencies is that the total amount of bitcoin is very limited and it has a strong scarcity. The monetary system used to have no more than 10.5 million in four years, after which the total number will be permanently limited to 21 million

bitcoin can be cashed and converted into the currency of most countries. Users can use bitcoin to buy some virtual items, such as clothes, hats and equipment in online games. As long as someone accepts it, they can also use bitcoin to buy real-life items

reference: network bitcoin

2. You'd better have a careful understanding and consideration of this kind of currency

3. Your harvesting address is the receiving address of your corresponding currency. It is the same as your bank card number in a bank.

4. Withdrawal address: tag. For example: XRP's withdrawal address: 53780.

5. The withdrawal address label is a remark of your withdrawal address. It is recommended to fill in the name of the receiver, such as imtoken (wallet), mytoken (wallet), etc.

6. You don't need to fill in the label, just fill in the address. But it will take a while for the money to arrive.

7. XRP's charging address may be shared by multiple users, and the label is the only voucher for recording. If the label is wrong, it may lead to failure in recording. It is recommended that you confirm the accurate label information of the payee before withdrawing the currency to avoid asset loss.

8. If the wallet logo, we can choose the address tag, and the address tag is more convenient and practical.