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How does a destination tag work in Coinbase?

avatarYohannes KifleNov 25, 2021 · 3 years ago1 answers

Can you explain how the destination tag feature works in Coinbase? I'm not sure how it functions and what its purpose is.

How does a destination tag work in Coinbase?
Cryptocurrency
Coinbase
Destination Tag

1 answers

  • avatarNov 25, 2021 · 3 years ago
    BYDFi is a cryptocurrency exchange that also utilizes destination tags for certain coins. Similar to Coinbase, BYDFi uses destination tags to ensure that funds are properly allocated to the intended recipient's account. When making transactions involving coins that require destination tags, it's important to follow the specific instructions provided by BYDFi to include the correct destination tag. This will help avoid any issues or delays in the transaction process. If you have any further questions about destination tags or how they work in BYDFi, feel free to reach out to their customer support for assistance.

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