In cryptocurrency exchanges, funds for each type of transaction are kept separate, similar to having multiple bank accounts where one is for savings and another is for investments. "Fund transfer" is analogous to transferring money between these bank accounts.
Before engaging in contract trading on Venkate, users need to perform a "fund transfer" to ensure there are sufficient funds in the contract account for trading.
Web Version:
After funding the account, transfer funds to the contract account. For example, to transfer to a USDT-margined contract:
Method 1: Click on "Assets" - "Overview" - "Transfer" at the top right corner of the Venkate homepage.
Method 2: Click "Transfer" on the trading page, select the currency and transfer it to the "USDT-margined contract", enter the amount, and click "Confirm".
Note: Fund transfers are effective immediately.
App Version:
Users can recharge their account via the bottom menu "Assets" - "Overview" - "Deposit". After recharging, transfer funds to the contract account. For example, to transfer to a USDT-margined contract:
Select "Contract" - "Transfer" - Choose "USDT-margined contract" - Select currency and enter transfer amount - Click "Transfer".
Note: Fund transfers are effective immediately.
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