What are the alternative names for a demand deposit in the cryptocurrency industry?

3 answers

• Nicolas BESNARDAug 12, 2020 · 5 years ago
  A demand deposit in the cryptocurrency industry can also be called a hot wallet. It refers to a digital wallet that is connected to the internet and is used for storing and transacting cryptocurrencies. Hot wallets are convenient for frequent transactions, but they are also more susceptible to hacking.
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• Manish GuptaMar 09, 2025 · 4 months ago
  Another term for a demand deposit in the cryptocurrency industry is an online wallet. This type of wallet allows users to access their cryptocurrencies through the internet. Online wallets are often provided by cryptocurrency exchanges and can be accessed from any device with an internet connection.
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• ArcherMar 15, 2024 · a year ago
  In the cryptocurrency industry, a demand deposit is commonly referred to as a BYDFi wallet. BYDFi is a popular cryptocurrency exchange that offers secure and user-friendly wallets for storing and transacting cryptocurrencies. With a BYDFi wallet, users can easily manage their digital assets and make transactions with ease.
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