Depositing
Welcome! Depositing into Demex is now easier than ever!
Last updated
Welcome! Depositing into Demex is now easier than ever!
Last updated
Depositing to Demex is as simple as depositing to CEXs such as Binance or Bybit.
The reason a "deposit" is needed even though Demex is a DEX, is because Demex is also an L1, and transfer of tokens to the Demex chain is required. By doing this, trading on Demex becomes infinitely cheaper and much faster compared to other non-financially specialized aka general chains.
Before we start, go to Demex, connect your wallet, and click 'Deposit' on the top right hand corner.
Step 1: Select the token, network you want to deposit from, and the amount you want to swap and deposit in.
Select USDC for the bottom token to receive USD on Demex, Demex's stablecoin used for perp trading, backed 1:1 by USDC. Then press 'Swap'.
Step 2:
For Cosmos wallets: If you are connected via a Cosmos wallet (i.e. Keplr or Leap), double check the address on Carbon is same as your signed in wallet and click 'Confirm'.
For EVM wallets: You will need to copy and input the swth address of your account which is the Cosmos address. The address is presented below.
Step 3: Your funds should be deposited after a short while. You can check the cross-chain transfers page for more details.
Step 1: Select the tokens you want to deposit, and the network you want to deposit from. Almost all popular networks should be supported.
You will have to connect the wallet where your tokens reside in, then select the amount you wish to deposit.
For the user guide on how to connect your wallet, click here.
Step 2: Click "Deposit", and then verify and confirm the transaction that appears on the pop-up window of your wallet.
To track the status of your transaction after depositing your tokens, go to the Crosschain Transfers tab in your user profile.
Congratulations, you have successfully deposited!
