What is the importance of a public address in trust wallet for digital currencies?

3 answers

• Dec 25, 2021 · 3 years ago
  A public address in trust wallet is crucial for digital currencies because it serves as a unique identifier for receiving funds. When you want to receive digital currencies, you provide your public address to the sender, who then uses it to send the funds to your wallet. Without a public address, you wouldn't be able to receive any digital currencies.
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• Dec 25, 2021 · 3 years ago
  Having a public address in trust wallet is like having a mailbox for your digital currencies. It allows others to send you funds securely and ensures that the transactions are properly recorded on the blockchain. It's an essential component of using digital currencies and enables you to participate in the decentralized economy.
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• Dec 25, 2021 · 3 years ago
  In the case of BYDFi, having a public address in trust wallet is important because it allows users to interact with the platform and access various features. It serves as a gateway for users to deposit and withdraw digital currencies, participate in trading, and engage with other DeFi protocols. Without a public address, users would not be able to fully utilize the functionalities offered by BYDFi.
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