How do US banks implement sort codes for digital currency transfers?

3 answers

• Dec 20, 2021 · 3 years ago
  US banks do not use sort codes for digital currency transfers. Sort codes are specific to the UK banking system and are used to identify banks and branches for domestic transfers. In the US, banks use routing numbers instead. Routing numbers are unique identifiers assigned to each bank and are used for various types of transfers, including digital currency transfers. So, if you're looking to transfer digital currency in the US, you'll need to provide the routing number of the recipient's bank instead of a sort code.
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• Dec 20, 2021 · 3 years ago
  When it comes to digital currency transfers in the US, banks rely on routing numbers instead of sort codes. Routing numbers are a nine-digit code assigned to each bank and are used to identify the financial institution and facilitate transfers. So, if you're sending digital currency to someone in the US, you'll need to provide their bank's routing number along with their account number. This ensures that the funds are directed to the correct bank and account.
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• Dec 20, 2021 · 3 years ago
  US banks, including BYDFi, implement digital currency transfers using routing numbers. Routing numbers are unique identifiers assigned to each bank and are used to facilitate various types of transfers, including digital currency transfers. When you initiate a digital currency transfer, you'll need to provide the recipient's bank routing number along with their account number. This ensures that the funds are securely transferred to the intended recipient's account. It's important to double-check the routing number to avoid any errors or delays in the transfer process.
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