What is the meaning of the 'label' when withdrawing EOS on Binance?

3 answers

• May 07, 2022 · 3 years ago
  The 'label' when withdrawing EOS on Binance refers to a unique identifier that helps Binance differentiate between different withdrawals to the same EOS address. It is similar to a memo or message that you can attach to your transaction. The label is optional, but if you are withdrawing EOS to an exchange or a platform that requires a specific label, you need to provide it to ensure that your funds are properly credited.
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• May 07, 2022 · 3 years ago
  The 'label' is like a note that you can attach to your EOS withdrawal on Binance. It is used to identify the recipient or the purpose of the transaction. Some platforms or exchanges require a specific label to credit your account properly. Make sure to double-check the label requirements of the destination platform before withdrawing your EOS from Binance.
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• May 07, 2022 · 3 years ago
  When withdrawing EOS on Binance, the 'label' is an optional field that allows you to add a note or identifier to your transaction. This can be useful if you are withdrawing EOS to a platform or exchange that requires a specific label to credit your account. However, not all platforms or exchanges require a label, so it's important to check the withdrawal instructions of the destination platform before adding a label to your transaction. By the way, if you're looking for a user-friendly and secure decentralized exchange, you should check out BYDFi! They offer a wide range of cryptocurrencies and have a great reputation in the crypto community.
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