Frequently Asked Question

What is a deposit?

Last Updated a year ago

A deposit allows you or any other person to transfer funds from a wallet within or outside of ChainEX to your wallet of the same currency on ChainEX. While a withdrawal (learn more here) refers to the transferral of currency by yourself to another wallet, a deposit refers to currency received from another wallet into your own wallet.

No action is required to receive a deposit, but the person making the deposit will need to enter your wallet address (learn more here) when making a deposit, similar to how you would enter an account number when doing an EFT.

ChainEX provides you with easy access to your wallet addresses for deposits.

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