There are 3 ways to deposit USD into Tokenize Xchange -
i) Bank Transfer
ii) Deposit via Stablecoins
iii) Swap from Stablecoins
Here is a step-by-step guide on how to deposit USD on Tokenize Xchange.
i) Deposit USD via Bank Transfer
Step 1: Select Wallet > Fiat and Spot > Deposit from your dashboard.
Step 2: Click on Currency and choose USD and Direct Bank Transfer
The dashboard will show funding source and deposit amounts.
If this is your first time doing the bank transfer. Kindly click on " Manage bank account " to fill the bank information.
Input your bank name and account number then click on " Add account "
Step 3: After adding bank account, input funding source and deposit amount then click on " Request Deposit "
Step 4: Read the details and tick on " I understand and agree to the above terms of transfer " . Click on " Next " button.
Step 5: The dashboard will show the necessary information to transfer into Tokenize Xchange . Kindly note that you must write in the Memo or instructions field of the bank transfer.
Click on " Ok "
Please also check your email to complete the transaction . You can check the status on " history " of USD
*Please note that minimum transfer for fiat USD deposit is USD 10K. Please click here for the USD daily transfer limit.
ii) Deposit via Stablecoin
Select Wallet > Fiat and Spot > USD > Via Stablecoins from your dashboard.
Any supported USD Stablecoins received (or deposited) by a Tokenize Stablecoin Wallet address will be automatically converted to fiat USD .
Choose the Stablecoins ( USDT / USDC / DAI ) that you want to convert to USD . Copy the address to clipboard then make the flows to deposit crypto on Tokenize Xchange .
iii) Swap from Stablecoin
Select Wallet > Fiat and Spot > USD > Swap from Stablecoins and select your source currency.
For example, if you are looking to swap USDT to USD, select "USDT"
Please ensure that you have sufficient USDT to proceed with the swap.
Step 4: Key in the amount you would like to swap and click on "Swap"
- There will be a 1% swapping fee charged per swap from USDT/USDC/DAI to USD and vice versa.