Depositing

Welcome!

Introduction

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 a transfer of tokens to the Carbon appchain (or blockchain) is required. By doing this, trading on Demex becomes infinitely cheaper as compared to other non-financially specialized chains.

The following section demonstrates how to deposit tokens from other networks onto Demex, using Carbon ($SWTH) as an example.

Walkthrough

Step 1: Navigate to the Demex website and select the 'Balance' from the menu located on the right-hand side.

Step 2: Click 'Deposit' to deposit tokens the token you want. Use the searchbar!

Step 3: Choose the network you are depositing from. Almost all common networks would be supported.

Tokens are at risk of being lost should the wrong network be selected.

It is important to select the appropriate network while depositing or withdrawing tokens to prevent the possibility of losing them. To avoid any potential risks, make sure to choose the correct network.

Step 4: Connect the wallet where your tokens reside in. As we are a non-custodial exchange (DEX), you will need to perform a deposit from your own wallet. Most common wallet are supported. Reach out to our community if you have trouble here.

For the user guide on how to connect your wallet, click here.

Step 5: To deposit the amount you want, you can either enter the specific amount manually or adjust it using the toggle between 0% and 100%.

Step 6: Click "Deposit", and then verify and confirm the transaction that appears on the pop-up window of your wallet.

Step 7: 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!