Depositing Funds
This guide explains how to deposit funds on your sollet.io wallet to interact with Serum and ecosystem.
Last updated
This guide explains how to deposit funds on your sollet.io wallet to interact with Serum and ecosystem.
Last updated
Once the password is set (or not), you have successfully created your SOL wallet. The next step is to send SOL to your deposit address. SOL can be bought on exchanges like Binance, FTX, or FTX US.
Let’s add some SOL to our wallet. You will need to first click "RECEIVE". A pop-up will appear with your SOL address. Use this address to send SOL from an exchange.
Only send SOL to this address. Do not send other SPL tokens (e.g. SRM) to this address!
You can also fund your wallet with ETH and convert it to SOL. To do this, click on the ETH tab and connect to your Metamask wallet.
With SOL in your wallet, you can create another SPL address in your wallet.
To add another address, click on the + icon in the top right corner. A pop-up will appear with an option to add a popular SPL token, including: SRM, MSRM, FTT, BTC, ETH, LINK XRP, USDT, USDC.
Now that you have added an SPL address, you can deposit tokens through the following methods:
You can deposit ERC20 tokens and convert them to SPL tokens using the convert function of sollet.io and Metamask (to learn how to convert ERC20 to SPL, please refer to the dedicated section below).
You can use FTX to deposit tokens (ERC20, XRP, BTC, etc) and withdraw from FTX to sollet.io. FTX will automatically wrap your crypto as an SPL token to be used on the Serum DEX.
To convert wrapped SPL assets back into their native chain, you can deposit them into FTX and withdraw the unwrapped assets.
Following our example, you should see that an SRM address appeared below your SOL address. You can use this address to send and receive funds to your Sollet.io wallet.
If you would like to add another token that’s not on the Popular Token list, you can add it manually by entering the Mint Address of the token.
The Token Address or Mint Address is the contract address of a token i.e. the token identifier. Do not send tokens to this address!
The Deposit Address is the address where you deposit tokens to.
