What is the meaning of 'ext.' in the context of cryptocurrencies?

3 answers

• Jorge RoblesMar 30, 2023 · 3 years ago
  In the context of cryptocurrencies, 'ext.' is short for 'external'. It is often used to refer to external wallets or external addresses that are not associated with a specific cryptocurrency exchange. For example, if you want to withdraw your cryptocurrency from an exchange to a wallet that is not hosted by the exchange itself, you would need to provide an external wallet address. This helps to ensure that you have full control over your funds and reduces the risk of them being compromised in case of a security breach at the exchange.
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• Rodrigo PeruzzoOct 29, 2024 · 2 years ago
  When we talk about 'ext.' in the world of cryptocurrencies, we're referring to external wallets or addresses. These are wallets that are not directly connected to a specific exchange. Many people prefer to use external wallets because they offer more control over their funds and provide an extra layer of security. By using an external wallet, you can store your cryptocurrencies offline, away from potential hacking attempts. It's always a good idea to do your own research and choose a reputable external wallet provider to ensure the safety of your funds.
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• upendra mohareNov 09, 2022 · 4 years ago
  In the context of cryptocurrencies, 'ext.' is an abbreviation for 'external'. It is commonly used to refer to external wallets or addresses that are not associated with a particular exchange. External wallets are often preferred by cryptocurrency enthusiasts who want to have full control over their funds and keep them secure. By using an external wallet, you can store your cryptocurrencies offline and reduce the risk of them being stolen or lost in case of a security breach at an exchange. Many popular cryptocurrencies, such as Bitcoin, have their own official external wallets that you can use to securely store your coins.
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