What is a prepaid token?

Cryptocurrency transactions often involve a unique identification process to ensure security and accuracy. One example of this is the process of recharging a prepaid meter, where a user inputs a specific 20-digit number known as a token.

The token serves as a unique identifier for the transaction, allowing the system to recognize and process the recharge request accurately.

The token is encoded with a unique value called a Token ID or TID, which further enhances the security of the transaction by providing an additional layer of verification.

In the realm of cryptocurrency exchanges, platforms like BTCC provide a range of services to cater to the diverse needs of their users.

BTCC, as a top cryptocurrency exchange, offers services such as spot trading, which allows users to buy and sell digital assets at current market prices.