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The transfer of cryptocurrencies in any network requires a fee payment. However, this fee price can exceed the transfer amount and reach several tens of dollars. WX Network minimizes the users' fee cost for transferring their tokens by using a system of cryptocurrency bridges. What's more, BTC, ETH, USDT and many other cryptocurrencies can be transferred from one account to another through the Waves network, omitting any operations via the native network. To carry out such a transfer through the Waves network the Waves recipient address should be used and here we go with it.
Transfers to/from WX Network account
How to receive cryptocurrency
To receive cryptocurrency from WX Network or MetaMask (with WAVES network adjusted) user just share your WX Network account address with the sender.
Open the WX Network app, log into your account, choose the Wallet tab, and click on the Deposit button.
In the next step, select the token you want to receive, for example, USDT. After choosing a token, you will be suggested to select the network which the transfer will be made through: select the WAVES network here.
In the appeared window you will find the Waves address of your account in two formats: Waves format and MetaMask format.
If the sender uses the WX Network service to transfer cryptocurrency to your WX Network account, then provide the sender with your Waves address in Waves format. If the sender uses the MetaMask extension (with the WAVES network adjusted) to transfer cryptocurrency to you, then provide the sender with your Waves address in MetaMask format.
Note: cryptocurrency transfer to an account address in MetaMask format not through the Waves network will be caused a loss of funds.
Note: to transfer cryptocurrency to your address in MetaMask format via the Waves net, the Waves network must be set up in the sender's MetaMask extension.
How to send cryptocurrency
WX Network users can send cryptocurrency to other users of WX Network or MetaMask extension (with the WAVES network set up). Open WX Network app, log into your account and click the Withdraw button in the Wallet tab to make such a transfer.
In the next step, select the cryptocurrency you want to send, for example, USDT. After choosing a cryptocurrency, a withdrawal form will appear. In the withdrawal form, fill in the recipient's address in Waves format or MetaMask format, select the WAVES net as the transfer network, and enter the transfer amount.
Note: if cryptocurrency is sent to the Waves address in MetaMask format, not via the WAVES network, it will result in a complete loss of funds.
When the form is filled, click the Withdraw button. In the appeared window check the transaction data and, if everything is correct, click the Withdraw button.
Transfers to/from MetaMask account
How to receive cryptocurrency
If you have a MetaMask extension which connected to WAVES network , then any user of WX Network or MetaMask (connected to WAVES network) can transfer cryptocurrency to you through the WAVES network.
To receive cryptocurrency to your MetaMask account, open the MetaMask extension, copy your account address and provide it to the sender along with this instruction.
Note: if cryptocurrency is sent to the Waves address in MetaMask format, not via the WAVES network, it may result in a complete loss of funds. So, ask the sender to make sure that he specifies the WAVES network as the transfer network in the withdrawal form.
How to send cryptocurrency
To send cryptocurrency via the WAVES network from MetaMask account, the WAVES network must be connected to the MetaMask extension.
Note: if cryptocurrency is sent to the Waves address in MetaMask format, not via the WAVES network, it definitely will cause a complete loss of funds.
Open the MetaMask extension, make sure that the WAVES network is active, click on the cryptocurrency you want to transfer.
In the next step, click on the Send button, and specify the recipient's Waves address in MetaMask format. After entering the address, specify an amount your want to transfer and click on the Next button.
Note: don't change the Gas price and the Gass Limit.
Note: to transfer cryptocurrency from MetaMask account (with the WAVES network set up), at least 0.001 Waves have to be available on the sender's balance to pay the transaction fee.
Finally, check the transaction data and confirm the transfer.
If you have any questions related to WX Network, feel free to contact us via customer support.
tags*: mobile receive assets send tokens transfer deposit wx network metamask format