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Can a whitelisted address be used for multiple cryptocurrencies or is it specific to one?

avatarMadara-x-ZihadDec 16, 2021 · 3 years ago3 answers

I'm curious about whether a whitelisted address can be used for multiple cryptocurrencies or if it is specific to only one cryptocurrency. Can someone clarify this for me?

Can a whitelisted address be used for multiple cryptocurrencies or is it specific to one?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    Yes, a whitelisted address can be used for multiple cryptocurrencies. When an address is whitelisted, it means that it has been approved or verified by a particular platform or exchange. This approval process is usually done on a per-address basis, rather than per-cryptocurrency. So, once an address is whitelisted, it can be used for any cryptocurrency supported by that platform or exchange.
  • avatarDec 16, 2021 · 3 years ago
    No, a whitelisted address is specific to one cryptocurrency. When an address is whitelisted, it means that it has been approved or verified for a specific cryptocurrency. This is done to ensure the security and integrity of transactions for that particular cryptocurrency. If you want to use the same address for multiple cryptocurrencies, you would need to go through the whitelisting process for each individual cryptocurrency.
  • avatarDec 16, 2021 · 3 years ago
    As an expert in the field, I can confirm that a whitelisted address can be used for multiple cryptocurrencies. This is because the whitelisting process is typically done at the address level, rather than at the cryptocurrency level. Once an address is whitelisted, it can be used for any cryptocurrency supported by the platform or exchange that whitelisted it. This provides convenience for users who hold multiple cryptocurrencies and want to use the same address for all of them.