How to Deposit and Withdraw Cryptocurrency

In this article, we will walk you through the process of withdrawing and depositing your preferred cryptocurrencies using the Snap Wallet function. But before we do that, here is a little introduction to what Snap Wallet is and how users can utilize it.

What is Snap Wallet?

The Snap wallet function allows users to securely deposit, withdraw and transfer their preferred cryptocurrencies with ease. Like many other exchanges, a wallet address plays a key role in enabling the deposit and withdrawal function. A registered user in SnapEx will have their own dedicated wallet address that can be used to deposit and store cryptocurrencies. To get started, please follow the steps below.

How to deposit

Select the deposit option from the wallet menu. Users can use Snap Wallet to transact with both cryptocurrencies and fiat currencies. The three cryptocurrencies that are offered are BTC, ETH, and USDT. For fiat currencies, they have only selected fiat currencies that are available on our platform.

If you have selected cryptocurrencies

Select your preferred cryptocurrency network, and then use your third-party platform to enter the deposit address provided. It’s critical to double-check that the deposit address corresponds to the sort of cryptocurrency network that’s being deposited. It will result in the loss of your deposit if it does not.

If you have selected fiat currencies

Choose your preferred fiat currency, then the bank with which you want to link. Before you can do this, you’ll need to set it up and go through the bank’s verification process.

How to withdraw

Similar to the deposit process, you can choose to withdraw both cryptocurrencies and fiat currencies. For cryptocurrencies, you can only withdraw BTC or USDT.

If you have selected cryptocurrencies

Select your preferred cryptocurrency network and then input the wallet address you wish to withdraw from along with the amount you wish to withdraw. Be advised that a transaction fee will be deducted depending on the amount that is being withdrawn.

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