EFIN Non-Custodial Decentralized Crypto Exchange Tutorial – Deposit and Withdraw
In this guide, we’ll teach you how to deposit and how to withdraw crypto coins from your eFin wallet. eFin is the decentralized exchange powered by TokenPay. You can download eFin cryptocurrency wallet from eFin website to store your crypto currencies securely and can also use it as a non-custodial decentralized crypto exchange to trade your crypto coins.
Keep in mind that with the TokenPay wallets, all of your funds and private signatures are yours, and yours only. We do not store any information about your seed phrases anywhere. This is why we urge everyone to keep them secure, even write your backup phrases on a physical piece of paper and keep it in your physical wallet. That way, you can treat it just like you would treat fiat currency: it’s all yours, in your pocket.
Hello everyone, welcome back to eFin. Today I’m going to show you how to deposit and withdraw cryptocurrencies from your eFin wallet. Now, this screen right here lets you deposit and withdraw for every single crypto currency, currently available on eFin decentralized exchange.
Let’s take a Litecoin for example, I want to deposit some Litecoin into my wallet. I simply click deposit now I have two options. I can either scan this QR code from the app or wallet that I want to send crypto currency from, send it to one of my friends or I can click right here to copy my crypto wallet address. Now, I can give this wallet address to someone who wants to send me funds or I can use it myself, if I want to transfer from another wallet. This is deposit.
Now, let’s say I want to withdraw some Litecoin. I click withdraw and here I have the option to paste the address of someone I want to send to or again one of my other crypto currency wallets. I have the wallet address of one of my friends here, I just paste it here and now I have three options to send crypto currency.
I can either send all of my available balance by clicking here and it inputs everything I have in my wallet bars, the fees right here so at the end I would be left with exactly zero Litecoin. If this is too much I have two other options, I can input the amount of dollars I want to send in Litecoin. Let’s say fifteen dollars which is 0.26 Litecoin at the moment or I can put the amount of Litecoin directly.
Let’s say one Litecoin, which is fifty six dollars. The transaction fee and the withdrawal fee are calculated automatically and I just have to click continue and that’s it. My transaction has been in queued. When all of the confirmations are done, my friend will receive the funds and I’ll get a notification saying just that and that’s it. Thank you for watching.