How do digital currency exchanges handle sort codes for US banks?

3 answers

• Jan 07, 2022 · 3 years ago
  Digital currency exchanges typically handle sort codes for US banks by requiring users to provide their bank account information, including the sort code. This information is used to facilitate the transfer of funds between the user's bank account and their digital currency wallet. The exchange will verify the provided sort code to ensure that it is valid and associated with a US bank. This helps to prevent any potential issues or delays in the transfer process.
  466233
• Jan 07, 2022 · 3 years ago
  When you want to deposit or withdraw funds from a digital currency exchange, you'll usually need to provide your bank account details, including the sort code. The exchange will use this information to process your transactions and ensure that the funds are correctly transferred to or from your bank account. It's important to make sure that you provide accurate and up-to-date information to avoid any issues with your transactions.
  434145
• Jan 07, 2022 · 3 years ago
  At BYDFi, a digital currency exchange, we handle sort codes for US banks by following a strict verification process. When users provide their bank account information, including the sort code, we verify the details to ensure that they are accurate and associated with a US bank. This helps to protect our users and prevent any potential fraudulent activities. Once the sort code is verified, users can easily deposit or withdraw funds from their bank accounts.
  460115