What is the significance of the 'see sm' message in cryptocurrency deposit transactions?

3 answers

• David SargsyanSep 07, 2023 · 2 years ago
  The 'see sm' message in cryptocurrency deposit transactions is an indication that the transaction requires further verification. It is usually seen when the transaction amount exceeds a certain threshold or when there are suspicious activities associated with the transaction. This message prompts the exchange or wallet provider to manually review the transaction and ensure its legitimacy. Once the transaction is reviewed and approved, it will proceed as usual. This additional step helps prevent fraudulent or unauthorized transactions, enhancing the security of the cryptocurrency ecosystem.
  596

  298
• RainApr 30, 2022 · 3 years ago
  When you see the 'see sm' message in a cryptocurrency deposit transaction, it means that the transaction is being flagged for manual review. This can happen for various reasons, such as large transaction amounts, potential fraud indicators, or compliance requirements. The purpose of this message is to ensure the safety and security of the transaction by allowing human intervention to verify its legitimacy. While it may cause a slight delay in the transaction process, it is an important measure to prevent unauthorized activities and protect the interests of both the users and the exchange.
  595

  199
• BifmarDec 04, 2020 · 5 years ago
  The 'see sm' message in cryptocurrency deposit transactions is an additional security measure implemented by some exchanges or wallet providers. It stands for 'see suspicious movement' and is triggered when there are potential red flags associated with the transaction. This message prompts the exchange to manually review the transaction and investigate any suspicious activities. It helps protect users from fraudulent transactions and ensures the integrity of the cryptocurrency ecosystem. At BYDFi, we prioritize the security and safety of our users' funds, and the 'see sm' message is one of the ways we ensure a secure trading environment.
  645

  162