Mobile, Funding Subaccounts

PreviousMobile, Creating / Managing Subaccounts NextDeposits

Last updated 1 year ago

Mobile, Funding Subaccounts

Subaccounts can be funded internally from your main account or other subaccounts, or they can be funded externally by performing a crypto deposit from an external wallet.

Internal Fund Transfers

Internal Transfers are Free of Charge

No transaction fees will be levied on the following types of internal fund transfers:

Source

Destination

Your main account

A subaccount under your main account

Your main account

A subaccount under your main account

Transferring funds between a main account and its subaccounts does not touch the blockchain, so these transactions are free of charge and virtually instantaneous. However, it should be noted that moving funds out of an account will affect the health of the account. Please move funds carefully to prevent any unexpected liquidation by our risk engine.

Performing an Internal Transfer

To begin, navigate to the Account Management screen by tapping on the Manage Accounts button on the Your Accounts menu.

Select the appropriate subaccount from the dropdown menu and tap on the Transfer button.

This will take you to the Transfer Funds screen. Specify the asset type, the Source Account and Destination Account for the internal transfer, and the numerical amount to be transferred. Tap on the Transfer Funds button to confirm the transfer once you have verified all the information.

Deposits from External Wallets

External Deposits Incur Network Fees

Funds can be deposited directly into a subaccount from an external source. PowerTrade does not levy fees on external deposits, but network fees may apply.

Performing an External Deposit

To begin, navigate to the Account Management screen by tapping on the Manage Accounts button on the Your Accounts menu.

Select the appropriate subaccount from the dropdown menu and tap on the Deposit button.

This will bring up the Deposit screen. You can also tap on the QR code icon to reveal your wallet's address in QR code form.

Important Note: Be sure to only transfer the correct type of currency into the selected wallet. Transferring the wrong type of cryptocurrency may render it unrecoverable!

Still have questions?

Email Support: support@power.trade

Telegram: https://t.me/power_trade

PreviousMobile, Creating / Managing Subaccounts NextDeposits

Last updated 1 year ago

Subaccounts can be funded internally from your main account or other subaccounts, or they can be funded externally by performing a crypto deposit from an external wallet.

Internal Fund Transfers

Internal Transfers are Free of Charge

No transaction fees will be levied on the following types of internal fund transfers:

Source

Destination

Your main account

A subaccount under your main account

Your main account

A subaccount under your main account

Performing an Internal Transfer

To begin, navigate to the Account Management screen by tapping on the Manage Accounts button on the Your Accounts menu.

Select the appropriate subaccount from the dropdown menu and tap on the Transfer button.

Deposits from External Wallets

External Deposits Incur Network Fees

Funds can be deposited directly into a subaccount from an external source. PowerTrade does not levy fees on external deposits, but network fees may apply.

Performing an External Deposit

To begin, navigate to the Account Management screen by tapping on the Manage Accounts button on the Your Accounts menu.

Select the appropriate subaccount from the dropdown menu and tap on the Deposit button.

This will bring up the Deposit screen. You can also tap on the QR code icon to reveal your wallet's address in QR code form.

Important Note: Be sure to only transfer the correct type of currency into the selected wallet. Transferring the wrong type of cryptocurrency may render it unrecoverable!

Still have questions?

Email Support: support@power.trade

Telegram: https://t.me/power_trade