Which cryptocurrencies can I deposit/withdraw and through which networks?
The supported cryptocurrencies on Bake and supported networks include:
Supported network / blockchain
Bitcoin Cash (BCH)
dAssets / dTokens (More info on these here)
EURO Coin (EUROC)
USD Coin (USDC)
Can I withdraw and send these cryptocurrencies on any blockchain network?
No, the available networks for each cryptocurrency may vary. Please refer to the list above to determine which networks are supported for each specific cryptocurrency.
Why are there different networks mentioned for some cryptocurrencies?
Some cryptocurrencies, like DFI, Ether, EUROC, USDT, USDC, have multiple networks available for withdrawal and sending. This allows users to choose the network that best suits their needs, whether it's e.g. DeFiChain or Ethereum.
How do I determine which network to use for a specific cryptocurrency?
The recommended network for each cryptocurrency is mentioned in the list above. When withdrawing, depositing or sending a particular cryptocurrency, ensure you select the appropriate network mentioned to ensure compatibility and successful transactions.
Important: Please make sure when choosing a network, that it needs to be supported by both the sending and the receiving end. Please refrain from using any other networks than shown on your deposit/withdrawal page of the coin that you try to transfer, as it otherwise will result in the total loss of your transferred coins.
Are there any additional requirements or considerations when using different networks?
Yes, when using different networks, it's important to have compatible wallets and understand the specific requirements and processes associated with each network. Additionally, transaction fees, confirmation times, and network features may vary across different networks, so it's advisable to familiarize yourself with the network's specifics before initiating any transactions.