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What is the process for depositing and withdrawing digital assets on FTX?

avatarmrunali khairnarDec 22, 2021 · 3 years ago3 answers

Can you explain the step-by-step process for depositing and withdrawing digital assets on FTX? I'm new to the platform and would like to understand how it works.

What is the process for depositing and withdrawing digital assets on FTX?

3 answers

  • avatarDec 22, 2021 · 3 years ago
    Sure! To deposit digital assets on FTX, you first need to log in to your account and navigate to the 'Wallet' section. From there, select the 'Deposit' option and choose the digital asset you want to deposit. FTX will provide you with a unique deposit address. You can then transfer the desired amount of the digital asset from your external wallet to the provided address. Once the transaction is confirmed on the blockchain, the deposited funds will be credited to your FTX account. For withdrawing digital assets from FTX, go to the 'Wallet' section and select 'Withdraw'. Choose the digital asset you want to withdraw and enter the destination address, which should be the address of your external wallet. Specify the amount you wish to withdraw and confirm the transaction. FTX will process the withdrawal, and you'll receive the digital assets in your external wallet once the transaction is confirmed on the blockchain.
  • avatarDec 22, 2021 · 3 years ago
    The process for depositing and withdrawing digital assets on FTX is quite straightforward. To deposit, you'll need to generate a deposit address for the specific digital asset you want to deposit. This address will be unique to your FTX account. Once you have the address, you can initiate a transfer from your external wallet to the provided address. The deposited funds will be credited to your FTX account after the transaction is confirmed on the blockchain. To withdraw, you'll need to provide the destination address, which should be the address of your external wallet. Specify the amount you want to withdraw and confirm the transaction. FTX will process the withdrawal, and you'll receive the digital assets in your external wallet once the transaction is confirmed on the blockchain.
  • avatarDec 22, 2021 · 3 years ago
    When it comes to depositing and withdrawing digital assets on FTX, the process is quite simple. To deposit, you'll need to generate a deposit address for the specific digital asset you want to deposit. This address will be unique to your FTX account. Once you have the address, you can transfer the desired amount of the digital asset from your external wallet to the provided address. FTX will credit the deposited funds to your account after the transaction is confirmed on the blockchain. For withdrawals, you'll need to provide the destination address, which should be the address of your external wallet. Specify the amount you want to withdraw and confirm the transaction. FTX will process the withdrawal, and you'll receive the digital assets in your external wallet once the transaction is confirmed on the blockchain.