Cryptocurrency Deposits & Withdrawals

Cryptocurrency Deposit

Most people who want to trade their cryptocurrency for another type, use a website called an Exchange. When a user deposits crypto into an Exchange, what they are actually doing is transferring their funds from external wallets to the Exchange in a form of a smart contract, which will be fulfilled once a counter-party has similar interest but in an opposite direction of the trade.

Cryptocurrency Withdrawal

Withdrawal is the process of moving the funds from your Exchange wallet to some external wallet address. This can be your hard wallet address, exchange address, mobile wallet address etc.

Please note that Deposits and Withdrawals may carry fees by the Exchange.

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