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Deposit Crypto to CoinByte

Depositing crypto to CoinByte is a simple and fast process, but it's essential to carefully verify the deposit address and choose the correct network before initiating the transfer.

Important notice: If you send crypto using incorrect details, we may not be able to recover the funds. If recovery is possible, it may incur significant fees. Always double-check addresses before sending crypto.

Before sending or receiving crypto, it's important to understand how to select the appropriate network. Choosing the wrong network can result in your funds not reaching the intended address and the funds will be lost. Also, each asset on CoinByte has a unique deposit address, so you'll need to find the specific address for the asset you want to deposit.

Supported network notice:
  • Currently we only support deposits and withdrawals via a crypto's main network.
  • Please do not deposit from or withdraw to other networks, as your funds may be lost.
  • Example: For BTC, only deposits on the Bitcoin network are supported. BTC sent via BEP-20 or ERC-20 will not be credited and cannot be recovered.

We suggest reading our FAQ article, which explains how networks work and how to select the right one:
Select the correct network for crypto withdrawals and deposits

Important Regulatory Update​

In accordance with local regulatory requirements, CoinByte will introduce updates to crypto deposit and withdrawal procedures for users in Australia.

Starting 1 July 2026, you will be required to provide additional information when sending or receiving crypto assets on CoinByte.

Note: The implementation of these changes will require you to log in to your CoinByte account. Please ensure you have access to your login credentials.

Changes to Crypto Deposits​

When making a crypto deposit, you may be asked to provide information about:

  • The sender (originator) of the funds.
  • The recipient (yourself).

What Transactions Are Affected​

These changes apply to all crypto deposit and withdrawal transactions.

What to Expect​

During the deposit process, a pop-up prompt will appear requesting the required sender or recipient information. Please complete the information accurately to ensure your deposit is processed smoothly and without delay.

How to deposit crypto​

App​

You can deposit crypto directly from the Home page or Asset / Wallet page:

  1. On the Home page, tap the Deposit button.
  2. Select Deposit button.
  3. Select the Continue button at the bottom of the screen to proceed.
    4. waller deposit
  4. Select Crypto currency deposit, then select the asset you want to deposit .
    5. choose
  5. On the Choose crypto to receive page, select BTC (Bitcoin) from the list of available cryptocurrencies.
  6. After selecting BTC, you will see the Receive BTC page:
    7. receive_btc
  7. Confirm BTC is selected at the top.
  8. Carefully read the network warning to avoid sending funds on the wrong network.
  9. Use the QR Code or copy the deposit address below.

    10. This page currently supports BTC on the Bitcoin main network only. You cannot switch to other coins or networks at this time. In future app updates, support for selecting different networks will be added. ⚠️ Important: Only send Bitcoin (BTC) to the address and QR code shown on this page. Sending on any other network may cause your funds to be lost.

  10. Go to your external wallet or other exchange to deposit crypto to this address.

    11. Please note: amounts below the minimum recharge threshold will not be successfully processed and cannot be refunded.

  11. Once CoinByte receives your deposit, a notification banner will appear at the top of the app:
  12. Action required to complete deposit.
  13. Tap Complete now and provide the necessary sender information to finalize the deposit.
    14. complete
  14. After tapping Complete now, the Originator Information page will appear. Please fill in the required sender details to comply with regulatory requirements (Travel Rule).
    15. complete
  15. After completing all the required fields, tap the Confirm button at the bottom of the screen.

On Originator Information page, you need to complete:​

  • Who sent the funds?
    Select Myself or Someone else.

  • Originator Type
    Choose Individual or Corporate Entity.

  • Beneficiary Details (your own information):

    • First Name
    • Last Name
    • Unique Identifier (Optional)
    • Country of Residence
    • City/Village/Town

  • Tick the confirmation box: “I confirm the sender information provided is accurate.”

  • Tap the Confirm button at the bottom to submit.

Note: Providing accurate information will help ensure your deposit is credited promptly.

Memo codes or Destination Tags​

Transactions on some networks, such as Stellar (XLM), Cosmos (ATOM), and Ripple (XRP), will require additional information in the “Memo�field.
In a similar way to when you pay rent or transfer via bank, the receiver requires a “reference code�to identify who the transaction is from.

Always ensure to check whether a memo/destination tag is required for the asset you're depositing. If you fail to include it when required, you will lose your funds.

How long do crypto deposits take?​

Crypto deposits may take up to 1 hour to appear in your CoinByte account.

The actual time depends on:

  • The number of confirmations required.
  • Network load and traffic at the time of transfer.

Fees for crypto deposits​

  • CoinByte does not charge any fee for crypto deposits.

Please note: Although CoinByte does not charge any fee, network fees apply when you send crypto from another wallet or platform. For more details, please refer to FAQ: What is network fee?