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The transfers of cryptocurrencies in any network require 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 WX Network, log in to your account and click on the Deposit/Withdraw button. In the Deposit tab choose token you want to receive and select the WAVES network. In the appeared window, you find the Waves address of your account in two formats: Waves format and MetaMask format
If the sender is going to use WX Network to transfer cryptocurrency to your Waves.Exchange account, then provide him with your Waves address in Waves format. If the sender is going to use the MetaMask extension (with the WAVES network connected) to transfer cryptocurrency to you, then provide him with your Waves address in MetaMask format.
Attention: cryptocurrency transfer to an account address in MetaMask format not through the Waves network will be caused a loss of funds. This method cannot be used for transferring tokens to third-party exchanges and wallets.
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 through the WAVES network to other users which use WX Network or MetaMask extention (with connected WAVES network). To do this, open WX Network, log in to your account and click on the Deposit/Withdraw button. In the Withdraw tab choose a token you want to send, enter the Waves address of the recipient in either of the two formats (Waves format or MetaMask format) and select the WAVES network.
Attention: cryptocurrency transfer to an account address in MetaMask format not through the Waves network will be caused a loss of funds. This method cannot be used for transferring tokens to third-party exchanges and wallets.
When the network is chosen, the withdrawal form will appear on the right hand side. Specify the withdrawal amount there and click on the Withdraw button.
Finally, check the transaction data in the pop-up window and, if all is correct, click on the Withdrawal button.
Note: the balance of token transferred to MetaMask account will be displayed, if it is added to the MetaMask extension.
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.
Attention: cryptocurrency transfer to an account address in MetaMask format not through the Waves network will be caused a loss of funds. This method cannot be used for transferring tokens to third-party exchanges and wallets. So, ask the sender to make sure that he specifies the WAVES network as the transfer network in the withdrawal form.
Note: the balance of token transferred to MetaMask account will be displayed, if it is added to the MetaMask extension.
How to send cryptocurrency
To send cryptocurrency via the WAVES network from MetaMask account, the WAVES network must be connected to the MetaMask extension.
Attention: cryptocurrency transfer to an account address in MetaMask format not through the Waves network will be caused a loss of funds. This method cannot be used for transferring tokens to third-party exchanges and wallets.
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.
How to add token to MetaMask account
A balance of WAVES deposited to MetaMask account is automatically displayed in the list of tokens in the MetaMask extension. But this does not apply to other cryptocurrencies that are deposited via the Waves network to MetaMask account. A balance of transfered token will be displayed, if it is added to the Metamask extension. To add the token, log in to your WX Network account and in the "Wallet" tab, click on the token that you want to add to the MetaMask extension. In the block that appears, click on the "Add to..." button to add the token to the MetaMask extension.
If you have any questions related to WX Network, feel free to contact us via customer support.
tags*: receive assets send tokens transfer deposit withdraw cryptocurrency waves network metamask newbie