- Messages
- 300
- Reaction score
- 442
- Points
- 63
What is a wallet address?
A wallet address is a randomly generated string of characters connected to a blockchain wallet. It's used to send and receive cryptocurrency transactions to that wallet.Wallet addresses are unique for each cryptocurrency for every holder. Also, it can change without prior notice, that is why it is important to "ALWAYS CHECK THE ACTUAL WALLET ADDRESS" from the source site or wallet before making transfers to avoid incorrect addresses being entered which may lead to a loss of funds. It is the holder's responsibility to make sure they are using the correct address. Remember, once the transaction is completed, it can no longer be reversed.
The receiving party is not responsible for any loss of funds due to incorrect address, so we cannot blame them with our neglection.
Always remember, "DOUBLE CHECK BEFORE YOU CLICK".
