If you own cryptocurrency on another platform or wallet, you can transfer them to your Scallop Exchange Wallet. You can trade or earn passive income with our suite of services on Scallop Exchange.
Cryptocurrencies are deposited via a “deposit address”. To view the deposit address of your Scallop Exchange, please follow the steps below:
Step 1: Log into your Scallop Exchange account and click [Balances] - [Spot Account].
Step 2 : Click [Deposit] and you will see a pop-up window.
Step 3: Select the cryptocurrency you want to deposit, such as USDT.
Step 4: Next, select the deposit network. Do ensure that the network you choose matches the network of the platform from which you are withdrawing funds. You will lose money if you choose the wrong network.
Step 5: In this example, we will withdraw USDT from another platform and deposit it into Scallop Exchange. Since we are withdrawing from a TRC20 address (TRON network), we will select the TRC20 deposit network.
The network you choose is determined by the options supplied by the external wallet/exchange from which you are withdrawing. You must select the ERC20 deposit network if the external platform only supports ERC20.
- Do not select the cheapest fee option. Choose the one that works with the external platform. For example, ERC20 tokens can only be sent to another ERC20 address, while you can only send BSC tokens to another BSC address. You will forfeit your funds if you use incompatible/different deposit networks.
Step 6: Click to copy your Scallop Exchange Wallet’s deposit address and paste it to the address field on the platform you intend to withdraw crypto.
Alternatively, you can click the QR code icon to get a QR code of the address and import it to the platform you’re withdrawing.
Step 7: The funds will be credited to your Scallop Exchange account shortly after confirming the withdrawal request. The time it takes to complete a transaction depends on the blockchain and the current network load.
Step 8: You can monitor the progress of your deposit and further information on your recent transactions from [Trade History].