Deposits and Withdrawals

AXE supports deposits on two blockchain networks, ethereum and polygon. Credit card deposits are also supported through one of our providers: Moonpay, Chainbits, or Paybis.

Deposits

• Ethereum Chain This chain supports deposits in ETH, USDT, and USDC and the minimum deposit is 0.006 ETH

• Polygon Chain This chain only supports deposits in USDC only

• Credit Card providers If you'd like to use a credit card, please copy the address displayed in your deposit tab and paste it into the address field at one of 3 providers. Purchase of USDCis strongly recommended, though ETH is supported.

  • Moonpay

  • Chainbit

  • Paybis

Wallet balances and asset prices are denominated in US Dollar equivalents across the platform; in the case of depositing ETH, your account balance will increase at the market price of ETH at the price quoted in US dollars at the time of confirmation on the blockchain of your deposit.

Withdrawals

• Polygon Chain Withdraw your funds in USDC by providing a Polygon chain address. Your previously used addresses are conveniently stored in a dropdown for easy access.

The withdrawal section provides the user an input box to give a polygon chain address to withdraw USDC. (Ethereum chain isn't supported for withdrawals for now.) Previous addresses that were provided are stored in the dropdown of the input box.

Note: deposits and withdrawals can take up to 10 minutes in some cases, so please be patient!

Depositing $AXE

For traders on the AXE platform, depositing $AXE tokens on the Ethereum network is a straightforward process with financial incentives:

1. Procedure: To deposit $AXE, again navigate to the wallet section of the platform and select the deposit option. Choose the Ethereum network as your deposit channel and transfer $AXE tokens from your Ethereum wallet to the designated address on the platform.

2. Reduced Fees: Depositing $AXE tokens into your trading account has a significant advantage. When using $AXE tokens to pay for trading fees, you will pay 10% less fees on profitable trades. This reduction effectively decreases the fee expense, making it a cost-efficient option for active traders.

3. Non-withdrawable Token: It is essential to be aware that any $AXE tokens deposited onto the platform for fee payment purposes are currently not withdrawable.

This added utility for the $AXE token as a means to pay for trading fees not only benefits users financially but also supports the token's economy by encouraging its usage and retention within the platform. The non-withdrawal feature is part of the platform's flywheel strategy to enhance the intrinsic value of $AXE tokens and incentivize their use in the trading environment.