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What does the status 'withdrawn' mean in the context of cryptocurrency transactions?

avatarAnesDec 24, 2021 · 3 years ago3 answers

In the context of cryptocurrency transactions, what does the status 'withdrawn' mean? How is it different from other transaction statuses?

What does the status 'withdrawn' mean in the context of cryptocurrency transactions?

3 answers

  • avatarDec 24, 2021 · 3 years ago
    When a cryptocurrency transaction is marked as 'withdrawn', it means that the funds have been successfully transferred from one account to another. This status indicates that the transaction has been completed and the recipient now has control over the withdrawn funds. It is an important step in the process of sending and receiving cryptocurrencies.
  • avatarDec 24, 2021 · 3 years ago
    The status 'withdrawn' in cryptocurrency transactions simply means that the coins or tokens have been moved from one wallet to another. It signifies the completion of the transaction and confirms that the funds are no longer in the sender's possession. It is similar to the 'sent' status in traditional banking systems.
  • avatarDec 24, 2021 · 3 years ago
    In the context of cryptocurrency transactions, 'withdrawn' refers to the movement of funds from one wallet to another. It is a confirmation that the transaction has been successfully processed and the recipient now has ownership of the withdrawn amount. This status is commonly used in various cryptocurrency exchanges, including BYDFi, to indicate the completion of a withdrawal request.