Hello,
i don't know if this is the right place for this question but I would like to know what this means: "This wallet address only accepts tokens transferred by Bitcoin (BTC) network". If I transfer Bitcoin from a hardware wallet (BitBox), is it transferred by BTC network? How do I know which network it is using?
I'm entirely new to this, please excuse my little understanding of this topic.
I appreciate all the help i can get.
Tokens? The Bitcoin network, only accepts Bitcoins not tokens and this means that you cannot transfer any other kind of coins through the Bitcoin network. All coins or tokens like you had mentioned works on different networks depending on which they were created on. So what ever network it was created on would be the only network on which it can be sent through.when you transfer BTC from your hardware wallet, it utilizes the Bitcoin network to process and validate the transaction.
What I'm more concerned about is this exchange you're referring to. Although I don't see any bad reviews, I don't think I have ever come across it. Have you used it before? Regardless of where you're from, there are probably some better alternatives.
I did a quick search on the exchange, and from what I got, op shouldn't trust such exchange with his funds. Here, read some reviews make by some users on trust pilot
https://www.trustpilot.com/review/swissmoney.com