What does BTS withdrawal address mean (difference between HBTC and BTC withdrawal addresses)

The BTS withdrawal address refers to the meaning in the Bitcoin Cash protocol. BTS is a token with a total supply of 100 million. However, according to the latest data from Bitcoin SV, its value currently exceeds $400 million (approximately $368 million at today’s price), and there has been a large influx of traders into this market. What does the BTS withdrawal address mean?

BTS is a special token on Bitcat and Ethereum networks. These tokens can be referred to as “mining rewards” or “staking rewards”. This method allows users to receive more token incentives to participate. Therefore, it also has different uses, such as game props, digital goods, and more. So, to some extent, it is a way to encourage investment in self-sovereignty, in order to attract more and more investors to join. (Bitcoin SV community)

Difference between HBTC and BTC withdrawal addresses

According to bitcoinexchangeguide, the differences between BTC withdrawal address and HBTC are as follows:

1. When withdrawing from the exchange, the same wallet must be used.

2. Authentication based on user’s identity information.

3. After users receive corresponding Bitcoin or other cryptocurrencies, they can use their wallet to send assets to their own accounts. If that’s the case, they need to provide identification documents to verify whether their accounts have been hacked. This is different from traditional methods: they do not support real-name, bank deposits; or they just hope to hold these tokens in a way to exchange for fiat currency.