search

How to Deposite and Withdraw Cryptocurrency?

This guide outlines the procedures for transferring cryptocurrency into and out of your Solcex Spot Account.

hashtag
Step-by-Step: Depositing and Withdrawing Cryptocurrency on Solcex

hashtag
Part 1: Deposit Cryptocurrency

The deposit process involves generating a unique wallet address on the Solcex platform and transferring funds to that address.

hashtag
Prerequisites

  • You must possess cryptocurrency in an external wallet or another exchange account.

  • You must ensure the chosen network on the sending platform matches the network selected on Solcex.

1

hashtag
Initiating the Deposit

  • Access Account Balance: Log in to Solcex and click on "Balance"

  • Select Deposit: Click the "Deposit" option to begin the process.

  • Choose Asset and Network: Select the specific cryptocurrency (currency) you wish to deposit (e.g.,Solcex, BTC, ETH, SOL), and then select the corresponding transfer network (e.g., ERC-20, BEP-20, Solana).

2

hashtag
Executing the Transfer

  • Obtain Deposit Address: The system will generate and display your unique deposit address. Copy this address carefully.

  • Execute External Transfer: Go to your external wallet and initiate a transfer, pasting the copied deposit address as the destination.

  • Confirm Network Match: Crucially, double-check that the network chosen for sending matches the network selected on Solcex. Funds sent on an incompatible network may be lost permanently.

3

hashtag
Confirmation

  • Wait for Confirmation: The deposit will be processed and reflected in your Solcex account balance only after the transaction (tx) has received the required number of confirmations on the blockchain and is successfully processed by Solcex.

hashtag
Part 2: Withdraw Cryptocurrency

The withdrawal process involves sending cryptocurrency from your Solcex account to an external wallet address.

hashtag
Prerequisites

  • You must have a verified external wallet address to send the funds.

  • Your account must have 2FA enabled (as previously guided).

1

hashtag
Initiating the Withdrawal

  • Access Account Balance: Log in to Solcex and click on "Balance and Spot Account."

  • Select Withdraw: Click the "Withdraw" option.

  • Choose Asset and Network: Select the specific cryptocurrency (currency) you wish to withdraw and the appropriate transfer network.

2

hashtag
Specifying Destination and Amount

  • Enter Withdrawal Address: Enter the destination wallet address where you want to receive the funds.

  • Specify Amount: Enter the amount of cryptocurrency you wish to withdraw (and review any associated transaction fees).

3

hashtag
Final Confirmation and Execution

  • Confirm Withdrawal: Review all details (address, amount, network, fee) and click "Confirm Withdrawal."

  • Security Verification: The platform will prompt for a security verification, typically requiring your 2FA code and potentially an email/SMS code.

  • Wait for Success: After security clearance, the transaction will be processed by Solcex and broadcast to the blockchain. The transfer will be complete once the transaction (tx) is successful on the network.

PreviousHow to change my Password?NextWhere to check my assets valuation according to BTC/USDT/ETH?

Last updated