How to deposit crypto on bitocol?
A simple explanation on how to deposit crypto's on Bitocol
A simple explanation on how to deposit crypto's on Bitocol
Go to the Bitocol Platform and log in with your username and password.
Look for the "Deposit" option in the menu. This can be found at the left side of the menu.
Choose the cryptocurrency you want to deposit. This could be Bitcoin (BTC), Ethereum (ETH), or any other supported crypto. Also choose the blockchain network you want to use. You will be provided with a unique deposit address for the selected cryptocurrency.
Carefully copy the displayed deposit address. This is the address to which you need to send your cryptocurrency.
Open your cryptocurrency wallet (this could be a software wallet, hardware wallet, or another exchange where you currently hold your crypto).
Paste the copied deposit address into the recipient field.
Enter the amount of cryptocurrency you wish to deposit and confirm the transaction.
Wait for the transaction to be processed by the network. This can take from a few minutes to an hour, depending on the network congestion. In the transaction history you can find the status of the deposit.
Once the transaction is completed and has received enough confirmations, the amount should be visible in your Bitocol account under your crypto balance.