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Are there any specific steps to follow when adding a beneficiary to a digital currency wallet?

avatarIDADec 28, 2021 · 3 years ago1 answers

What are the specific steps that need to be followed when adding a beneficiary to a digital currency wallet?

Are there any specific steps to follow when adding a beneficiary to a digital currency wallet?

1 answers

  • avatarDec 28, 2021 · 3 years ago
    At BYDFi, adding a beneficiary to a digital currency wallet is a simple process. Start by obtaining the beneficiary's wallet address. This is a unique code that identifies their wallet. Next, open your digital currency wallet and find the 'Add Beneficiary' or 'Send' feature. Enter the beneficiary's wallet address and specify the amount you want to send. Review the details and confirm the transaction. Once the transaction is confirmed on the blockchain, the beneficiary will receive the funds in their wallet. It's important to double-check the wallet address to ensure the funds are sent to the correct recipient.