How does the abbreviation 'ext.' relate to digital currencies?

3 answers

• Kamir Iqbal KamiApr 10, 2023 · 3 years ago
  The abbreviation 'ext.' stands for 'external' in the context of digital currencies. It is often used to refer to transactions or activities that occur outside of a specific cryptocurrency network or platform. For example, if you want to transfer funds from one cryptocurrency exchange to another, you would need to perform an 'ext.' transaction. This means that the transaction will be processed outside of the exchange's internal network. 'Ext.' transactions are commonly used when interacting with different blockchain networks or when moving funds between different wallets or platforms.
  590

  295
• Indrajit BagchiNov 03, 2024 · 2 years ago
  In the world of digital currencies, 'ext.' is short for 'external'. It is used to describe transactions that take place outside of a specific cryptocurrency ecosystem. For instance, if you want to send Bitcoin from your wallet to an exchange, you would initiate an 'ext.' transaction. This means that the transfer will occur outside of the exchange's internal network. 'Ext.' transactions are necessary when dealing with different cryptocurrencies or when moving funds between different platforms.
  497

  166
• GerhardMay 18, 2021 · 5 years ago
  When it comes to digital currencies, the abbreviation 'ext.' refers to 'external' transactions. These transactions occur outside of a particular cryptocurrency network or platform. For example, if you want to withdraw Bitcoin from one exchange and deposit it into another, you would need to perform an 'ext.' transaction. This means that the transfer will take place outside of the exchange's internal system. 'Ext.' transactions are commonly used when interacting with different blockchain networks or when moving funds between different wallets or platforms. At BYDFi, we support 'ext.' transactions to provide our users with flexibility and convenience in managing their digital assets.
  689

  173