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How to send Safex Coins to the Exchange?

How to send Safex Coins to the Exchange?

In this text, we will demonstrate how to send Safex Token to the Xcalibra exchange.

How to send Safex Coins to the Exchange?

Although we already explained how to send Safex coins from the Wallet, in this guide, we will explain in detail how to send Safex Coins to the exchange, in this case: Safex Token.

Sending Safex coins (Token or Cash) to the exchange is a straightforward process. Sending Safex Cash is the same as sending Safex Token, except Safex Cash should be sent on its address.

Note: Safex Token and Safex Cash can be stored in the same Wallet at the same address. However, on the exchanges, they are stored on two different addresses. That means that you have to be careful when sending coins to the exchange, don’t make a mistake, and send it to the wrong address. We will show that in the following text.

To send Tokens from the Wallet to the exchange, you have to:

  • Have Safex TWM Wallet
  • Have some Tokens in the Wallet and some Cash to cover tx fees
  • Have an account on the exchange that have Tokens listed

If you don’t have a wallet, here is where to download it and how to install it. If you don’t have an account on the exchange with Safex coins listed, here is how to make it. Let’s start:

1. Open your TWM Wallet and log in to the Xcalibra exchange

Choose the Open Existing Wallet option, upload your .keys file, and type in your password to enter the Wallet. If you lost your .keys file, you could recover the Wallet using keys or mnemonic seeds.

How to send Safex Coins to the Exchange Safex TWM Wallet

Log in to the exchange by entering your email, password, and authentication code:

How to send Safex Coins to the Exchange Log in to the Exchange

2. Copy SFT Deposit Address from the exchange

To send the Tokens, you need to copy the SFT Deposit Address from the exchange and paste it into the Wallet.

To do so, go to the exchanges Balance tab, scroll down and find Safex Token. Click on the Deposit button.

How to send Safex Coins to the Exchange Safex Token

There you will see the SFT Deposit address displayed in the text form and the form of QR code. Copy the text by clicking on the Copy to Clipboard button.

How to send Safex Coins to the Exchange Safex Token Deposit

Note that there is a warning: ‘’Only send SFT to this address. Sending anything other than SFT will result in a loss of that coin!’’

3. Send Safex Token

To send the Safex Token, go on the Token page and find the form for sending Tokens on the left side of the Wallet. Paste the SFT Deposit address from the Xcalibra exchange into the Receiving address field and type how many coins you want to send. You can choose a different mixin (ring size) if you want and just click Send:

How to send Safex Coins to the Exchange Send Safex Token

Confirm you want to send a chosen amount of coins to a specific address:

How to send Safex Coins to the Exchange Confirm Sending Token

Confirm you agree on a fee that will be charged in Safex Cash:

How to send Safex Coins to the Exchange Sending Token Confirm Fee

After that, the transaction will be submitted:

How to send Safex Coins to the Exchange Safex Token Transaction

4. Confirm that transaction is made

After the required block confirmations (currently 40: ~80 minutes), you will see the pending status in your Wallet, which means that validation of the transaction is in progress. You can go on the History tab of your Wallet, look at the latest transaction, and see it was your last transaction:

How to send Safex Coins to the Exchange Send Token

You can also look at exchange History and see that your coins should arrive soon:

How to send Safex Coins to the Exchange Deposit History

Soon time after, you will see your Tokens are available on the exchange:

How to send Safex Tokens to the Xcalibra Exchange

In the next article, we use these 2000 SFT to explain how to buy Safex Cash on the exchange.