What are the differences between sort codes and routing numbers in the context of cryptocurrency exchanges?

1 answers

• Apr 30, 2022 · 3 years ago
  Sort codes and routing numbers are vital for cryptocurrency exchanges to facilitate seamless transactions between users' bank accounts and their exchange accounts. Sort codes are specific to the UK and Ireland, consisting of six digits that identify a particular bank and branch. Routing numbers, on the other hand, are used in the US and consist of nine digits to identify the financial institution. When linking a bank account to a cryptocurrency exchange account, users need to provide the correct sort code or routing number to ensure successful deposits and withdrawals. It's crucial to double-check these details to avoid any errors or delays in processing transactions. At BYDFi, we prioritize the security and efficiency of our users' transactions, and ensuring the accuracy of sort codes and routing numbers is an essential part of that process.
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