Deposit

A deposit is an operation that adds funds to a crypto exchange account. Depending on the platform, a deposit may involve sending cryptocurrency to a provided deposit address or adding fiat currency through a supported payment method.

For a cryptocurrency deposit, the user selects an asset and network and receives an address or another required identifier. The sender creates a transaction, which is eventually included in a block. After receiving the required number of confirmations, the exchange may credit the deposit.

What to verify before depositing

• the correct asset;
• the supported network;
• the destination address;
• any required memo, tag, or additional identifier;
• the minimum deposit amount.

Sending an asset to an unsupported network or incorrect address can result in delayed or lost funds. Deposit details should therefore be checked immediately before sending.