What do I need to know when I deposit (transfer) assets into my Ethos Vault?

Created by Ethos Support, Modified on Mon, 27 May at 7:37 PM by Ethos Support

When dealing with your Ethos Vault, a cryptocurrency wallet, there are several important considerations for both depositing (transferring) assets into the vault and withdrawing (transferring) assets out of it.

Depositing Assets into Your Ethos Vault
Correct Address: Always double-check the wallet address you're sending assets to. Sending assets to the wrong address can result in permanent loss of funds. Different assets require different blockchain addresses.

Network Fees: Be aware of network fees associated with the transaction. These can vary depending on the cryptocurrency and the network congestion.

Supported Cryptocurrencies: Ensure that the cryptocurrency you're depositing is supported by the Ethos Vault. Sending unsupported assets may result in a loss.

Transaction Speed: Understand that transaction confirmation times can vary based on network traffic. Some transactions may be processed quickly, while others may take longer.

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