This guide explains how to transfer assets between accounts on the Biconomy website, including Spot Account, Futures Account, Margin Account, and Funding Account.
Overview of Account Transfers
On Biconomy, users can quickly transfer assets between the Spot Account, Futures Account, Margin Account, and Funding Account. Transfers take effect instantly, ensuring efficient fund management and allowing users to adjust fund allocation flexibly.
How to Transfer Assets Between Accounts?
Step 1: Access the Transfer Page
1. Log in to your Biconomy account.
2. Navigate to the Wallet page and select the cryptocurrency you wish to transfer.
3. Click the Transfer button.
Tip: You can also find the “Transfer” button on individual account pages, such as the Spot Account or Futures Account.
Step 2: Enter Transfer Details
1. From: Select the source account (e.g., Spot Account or Funding Account).
2. To: Select the destination account (e.g., Futures Account).
3. Select Cryptocurrency: Currently, only USDT transfers are supported.
4. Transfer Amount: Enter the amount of assets you wish to transfer.
Step 3: Confirm the Transfer
1. Review the transfer details to ensure the accounts, cryptocurrency, and amount are correct.
2. Click Confirm to complete the transfer.
3. The transfer will take effect immediately, and the funds will be instantly available in the destination account without any waiting time.
Important Notes on Asset Transfers
• Asset Availability: Ensure that the cryptocurrency you wish to transfer is supported in both the source and destination accounts.
Frequently Asked Questions (FAQ)
1. How long does an account transfer take?
• Transfers are instant and require no waiting time.
2. What should I do if the transfer fails?
• Ensure that your account has a sufficient balance and that the selected cryptocurrency supports transfers. If the issue persists, please contact Biconomy Customer Support.
3. What happens if I transfer funds from my Margin Account?
• Transferring funds out of your Margin Account may impact your Margin Ratio, potentially leading to liquidation risk. Please evaluate the risk carefully before proceeding.
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