What is a deposit address for customers?

A deposit address is a unique and static string of characters that identifies the recipient of a cryptocurrency transaction. When you make a purchase through a merchant that uses Sheepy, the system generates a deposit address for the specific cryptocurrency selected at checkout. This address ensures your payment is routed securely and directly to the correct merchant account. Because each deposit address is blockchain-specific and uniquely tied to your transaction context, it allows the merchant to identify and confirm your payment with precision.