What does utxo mean

utxo mean

What does utxo mean? According to Bitcoinwin, according to the introduction and explanation on Bitex, utxo means that users deposit funds from their Bitcoin wallets to a new address. If the user’s account is lost, their corresponding assets will also be transferred to another account; Therefore, when the sender receives this new account, the system will automatically take out all their Cryptocurrency from the address to exchange for their own Bitcoin. In addition, corresponding coins must be held on the exchange to continue trading.

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