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What is the process for depositing and withdrawing funds on FTX?

avatarSai SachitDec 30, 2021 · 3 years ago1 answers

Can you explain the step-by-step process for depositing and withdrawing funds on FTX? I'm new to the platform and would like to understand how to manage my funds effectively.

What is the process for depositing and withdrawing funds on FTX?

1 answers

  • avatarDec 30, 2021 · 3 years ago
    When it comes to depositing and withdrawing funds on FTX, it's a fairly simple process. First, log in to your FTX account and navigate to the 'Wallet' section. To deposit funds, choose the cryptocurrency you want to deposit and click on the 'Deposit' button. You will be provided with a unique wallet address for that specific cryptocurrency. Copy the address and initiate the transfer from your external wallet or exchange. Once the transfer is confirmed, the funds will be credited to your FTX account. For withdrawals, select the cryptocurrency you want to withdraw and click on the 'Withdraw' button. Enter the destination wallet address and the amount you wish to withdraw. Confirm the transaction, and the funds will be sent to your external wallet or exchange. It's important to note that FTX may have certain withdrawal limits and fees, so be sure to check those before making any withdrawals.