How does the 'label' work when withdrawing EOS from Binance?

3 answers

• Dec 29, 2021 · 3 years ago
  The 'label' feature when withdrawing EOS from Binance is used to identify the recipient of the funds. It is similar to a memo or a note that you can attach to the transaction. The label is optional, but it is recommended to provide it if you are withdrawing EOS to an external wallet or another exchange. Leaving the label blank may result in delays or even loss of funds, as the recipient may not be able to identify the source of the transaction. To ensure that you provide the correct label, you should double-check the recipient's instructions or contact their support if you are unsure.
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• Dec 29, 2021 · 3 years ago
  When withdrawing EOS from Binance, the 'label' is an additional piece of information that helps identify the recipient of the funds. It is not required, but it is highly recommended to provide it if you are withdrawing to an external wallet or another exchange. The label acts as a unique identifier for the recipient, similar to a reference number. Leaving the label blank may cause delays in the withdrawal process, as the recipient may need to manually match the transaction to the correct account. To avoid any issues, it's best to follow the recipient's instructions and provide the correct label when withdrawing EOS from Binance.
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• Dec 29, 2021 · 3 years ago
  When withdrawing EOS from Binance, the 'label' is an optional field that you can fill in to provide additional information about the recipient. It is not required, but it can be useful if you are withdrawing to an external wallet or another exchange. The label can help the recipient identify the source of the funds and ensure that the transaction is credited to the correct account. If you are withdrawing to your own wallet on Binance, you can leave the label blank. However, if you are withdrawing to an external wallet or another exchange, it's best to provide the correct label to avoid any potential issues.
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