Skip to main content

Sending Cryptocurrency from FxWallet

Simplifying Crypto Transfers​

When using FxWallet, you can send your cryptocurrency to:

  • Exchanges
  • Hardware wallets like Trezor and Ledger
  • Other crypto wallets on PC, mobile, or web

Steps to Send Cryptocurrency:​

  1. Open FxWallet:
    Navigate to the asset you wish to send.

  2. Select Send:
    Enter the recipient's address and the amount you want to transfer.

  3. Confirm the Details:
    Double-check the address to avoid mistakes.

  4. Pay the Network Fee:
    Approve the transaction after reviewing the fee.

Note: Always remember to verify the compatibility of the wallet to which you're sending. Cryptocurrency transactions are irreversible, so errors can lead to permanent loss of funds.

Understanding Blockchain Fees​

Every blockchain charges a network fee for processing transactions. These fees may include:

  • Fees distributed to blockchain miners or validators, not FxWallet.
  • Fees based on the network's activity and the token being sent.

Key Insights: Tokens Requiring Memos or Destination Tags​

Some blockchains, like Binance Chain (BNB) and XRP, require additional identifiers called Memos or Destination Tags for transactions. These are essential under the following circumstances:

  • Sending funds to an exchange
  • Directing payments to a specific account

However, transactions made on FxWallet to other decentralized wallets typically don't need these tags.

Note: If the Memo or Destination Tag is missing when required, the funds may not reach the intended recipient. Always remember to confirm whether it's necessary for your every transaction.

Conclusion: Stay Secure and Updated​

Things you should check before sending funds:

  1. Verify the recipient's address.
  2. Confirm if a Memo or a Destination Tag is necessary.
  3. Review transaction fees to avoid unexpected costs.

Please keep in mind that blockchain transactions are final, so exercise with caution to prevent losses.