Crypto Invest

How To Transfer Your Crypto From FTX To Hodlnaut

FTX to Hodlnaut

Last updated on November 16th, 2021

FTX has rather low trading fees compared to other exchange platforms. You may want to transfer your crypto to Hodlnaut, where you are able to earn a higher interest rate.

Here’s a step-by-step guide on how to do so.

How to transfer your crypto from FTX to Hodlnaut

Here are the steps you’ll need to transfer your crypto from FTX to Hodlnaut:

  1. Go to ‘Deposit/Withdrawal’ on the Hodlnaut dashboard
  2. Select the coin you wish to transfer
  3. Copy the wallet address from Hodlnaut
  4. Go to ‘Wallet’ on FTX and select the currency to send
  5. Enter the withdrawal details on FTX
  6. Receive the currency on Hodlnaut

Here’s each step explained in detail:

Go to ‘Deposit/Withdrawal’ on the Hodlnaut dashboard

First, you’ll need to go to ‘Deposit/Withdrawal‘ on the Hodlnaut dashboard.

Hodlnaut DepositWithdrawal Dashboard

Select the coin you wish to transfer

You will be shown a dropdown menu, where you can select the currency that you wish to deposit into Hodlnaut.

Hodlnaut Select Currency To Deposit

Hodlnaut currently supports these 6 currencies:

  1. BTC
  2. ETH
  3. USDC
  4. USDT
  5. DAI
  6. WBTC

Meanwhile, the only currency that FTX does not support is DAI.

Go to ‘Wallet’ on FTX and select the currency to send

Once you’ve obtained the address to send to, you’ll need to go to FTX to start sending your funds.

You’ll need to go to ‘Wallet‘, and then select the currency that you wish to withdraw.

FTX Choose Currency To Withdraw

Enter the withdrawal details on FTX

After selecting the currency you wish to withdraw, you’ll need to enter the withdrawal details on FTX.

FTX BTC Withdrawal Details

If you are sending USDT to Hodlnaut, you will need to send it via the ERC20 network.

FTX USDT Withdrawal Details ERC20

Currently, Hodlnaut only supports the ERC20 version of these tokens.

USDT Send To Hodlnaut

If you send your tokens via another network such as the TRC20 network, your coins will be lost!

Receive the crypto in Hodlnaut

Once you have confirmed the transfer, you should receive an email from Hodlnaut to state that they are processing your deposit.

Hodlnaut Processing Deposit

The process may take quite a while before you are able to receive your crypto on Hodlnaut, as it depends on how congested the network is.

After the deposit has been processed, you will receive another confirmation email from Hodlnaut.

Hodlnaut Deposit Confirmed

What are the fees for transferring from FTX to Hodlnaut?

Here are the fees that FTX charges you for withdrawing crypto from their platform:

TokenWithdrawal Fee
BTC> 0.01 BTC: Free
< 0.01 BTC: will be charged
ERC20 tokensDepending on
network congestion

You can receive 1 free ERC20 withdrawal if you stake at least 25 FTT on FTX’s platform. If not, you’ll need to pay for the ERC20 network fees, which can be quite high!

Pro tip: use the FTX App to make free withdrawals to Hodlnaut

If you are looking to reduce your withdrawal fees, an alternative way would be to:

  1. Transfer your cryptocurrencies to the FTX App (different from FTX Pro)
  2. Send your cryptocurrencies from FTX App to Hodlnaut

This is because the FTX App offers free withdrawals from their app, and this is a separate platform from the FTX Exchange.

Here’s what you’ll need to use this method:

1. Withdraw your cryptocurrency from FTX Exchange to FTX App

The first step will be to withdraw your cryptocurrencies from the FTX Exchange to the FTX App. FTX does not charge fees when you withdraw via the SOL or TRC20 networks.

As such, you can select deposit on the FTX App homepage,

FTX App Homepage

and select the cryptocurrency that you wish to deposit.

For USDT, you can get the TRC20 or SOL deposit addresses, and paste them on the FTX Exchange.

FTX App Select Deposit Network

Send your cryptocurrencies from FTX App to Hodlnaut

Once you have received your cryptocurrency on the FTX App, you can go to ‘Withdraw‘, and then select the currency you wish to withdraw.

FTX App Withdraw USDT

In this example, I will be withdrawing 10 USDT to Hodlnaut.

After selecting the amount of USDT you wish to withdraw, you can paste the USDT deposit address from Hodlnaut on this page.

FTX App Select Withdrawal Address USDT

Even though you are depositing to an ERC20 address, you do not pay any withdrawal fees!

FTX App Withdraw USDT No Fees

After the transfer was completed, I received the deposit in my Hodlnaut account without any fees being deducted.

Hodlnaut Receive USDT Deposit

Although this method is more troublesome, it does help to save a lot of withdrawal fees!

Conclusion

FTX offers an easy way for you to transfer your crypto to Hodlnaut to start earning interest. However, you may want to consider the withdrawal fees that you’ll incur!

👉🏻 Referral Deals

If you are interested in signing up for any of the products mentioned above, you can check them out below!

FTX App Referral (Get a free coin)

If you are interested in creating an account with the FTX App, you can use my referral link.

You will be able to earn a free coin after trading $10 worth of crypto!

FTX App Referral

Furthermore, this is different from the FTX Exchange, which is a separate platform from the FTX App.

Here’s what you’ll need to do:

  1. Sign up for an account on the FTX App
  2. Trade $10 worth of crypto
  3. Receive a free coin

You can view more about this referral program on FTX’s website.

Hodlnaut Referral (Receive a US$20 Signup Bonus)

If you are interested in signing up for a Hodlnaut account, you can use my referral link.

You will be able to receive a US$20 signup bonus! Here’s what you’ll need to do:

  1. Sign up for a Hodlnaut account
  2. Make a qualifying deposit of US$500 or more in supported crypto assets to the account during the campaign period 25 November 2021 8:40 pm (GMT+8) to 2 January 2022 11:59 pm (GMT+8)
  3. Receive the US$20 signup bonus

You are allowed to make a test deposit, before making the qualifying deposit. You can view the terms and conditions on Hodlnaut’s website for more details.

FTX Referral (5% trading fee discount)

If you are interested in signing up for an FTX account, you can use my referral link.

You will receive a 5% trading fee discount for any trades that you make.

FTX Referral Trading Fee Discount

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