Although Tap Trading is the most fun and gamified version of crypto trading, it can still seem daunting to beginners if they’ve never used a trading platform before.
The beginning of the process is to deposit and withdraw digital currencies.
Do not fret! We have put together a step-by-step guide for both!
How to Deposit
Depositing funds in a crypto exchange is the same as depositing money into a bank account. In order to deposit funds on BXB, however, you need to make sure you have previously purchased crypto with your FIAT money (i.e. USD, GBP, AUD, KRW, JPY, etc.).
This is done through an OTC market or Fiat Exchange (i.e. businesses and spaces where you can exchange your fiat currencies for cryptocurrency).
Once you have that figured out, you’re ready to deposit funds on your BXB account!
Step 1: Enter the “Assets” page.
Step 2: Press the green button labeled “DEPOSIT” in correspondence to the cryptocurrency you wish to deposit. For example, if you want to deposit Bitcoin, hit the “DEPOSIT” button in the BTC section. Make sure to deposit the right currency to the right type of wallet address! (e.g. A BTC wallet can only accept BTC).
Step 3: On the “Deposit Details” interface, hit the “COPY ADDRESS” button.
Step 4: For OTC transactions, give this address to the seller.
Step 5: For Fiat Exchanges (we recommend Coins.ph), open your mobile wallet app.
Step 6: Open the BTC or ETH wallet and click the icon, “Send”. If you use a different mobile wallet, enter the “Send” page or its equivalent that offers the same function.
Step 7: Tap on the “Enter wallet address” option.
Step 8: Paste your “Deposit address” on the box labeled “wallet address”.
Step 9: Type in the amount of crypto you would like to deposit to your BXB account.
Step 10: Choose the “Blockchain fee” you wish to pay for carrying out this transaction. Higher fees à faster transaction.
Step 11: Tap on the check box and slide to send! All done!
Please wait for block confirmation after your request has been sent. Transactions can on average take up to 20 minutes to complete.
Look at you! You’ve just deposited your first funds on your BXB account!
How to Withdraw
Withdrawing your crypto funds on BXB is just as simple as depositing them!
The only difference is that instead of starting on the BXB app’s Asset page, you will start on your mobile wallet.
To make this guide easy to understand, we are going to pretend you want to withdraw BTC from your BXB account.
Step 1: Open your mobile wallet app (like Coins.ph).
Step 2: Enter the BTC wallet and tap on the “Receive” icon.
Step 3: Press the button labeled “COPY OR SHARE”.
Step 4: Choose “Copy Wallet Address”.
Step 5: Open the BXB app and enter the “Assets” page.
Step 6: Press the red button labeled “WITHDRAW” in the BTC section.
Step 7: Type in how much crypto you want to withdraw in the box labeled “Withdrawal Amount”.
Step 8: Paste the “Wallet Address” on the box labeled “Address Withdrawal To”.
Step 9: Type in your BXB account password.
Step 10: Hit the “WITHDRAW” button.
You’re all done! You have withdrawn funds from your BXB account!
N.B.: Each withdrawal request is manually reviewed. Shortly after, transactions will be sent to the address you specified.
Once you submit your withdrawal application, your corresponding funds will be frozen and cannot be canceled until we finish the verification and processing procedures.
Each and every withdrawal on BXB is audited personally by at least two employees before sending. No private keys are kept on any cloud server and deep cold storage is used for the bulk of funds.
For comprehensive Withdraw/Deposit rules, please refer to this guide:
Now you’re all set and ready to Tap Trade!