What is a "network address"? Why does the system tell me, “The address is not valid. Please confirm with the recipient."?

An "address" is, in essence, a specific "location" on the blockchain to which coins can be sent in the form of a string of letters and numbers. A cryptocurrency address can be shared publicly in the form of text or QR code to receive funds.

For example, a Bitcoin address will look something like the following: 1CKa7k7RtaV4TRRcnjciVndBS8hNG1G9ip

And an address on the Ethereum network might look like the following: 0x77dce4813eC15650e57E1b999c197aad00bEc1c2

If the system detects you input a wrong format, it will inform you of an “invalid address”. In this case, please check your recipient’s address and withdrawal network, and make sure that the information your input is correct.

Tip: It is highly recommended always to input address using the copy and paste function or scanning the QR code provided instead of entering manually. If you enter the wrong address, you may lose your funds.

For any queries, reach us at help@mudrex.com

 

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