How to Deposit and Trade Crypto at Tapbit
Initiating your cryptocurrency trading journey requires mastering the essential steps of depositing funds and executing trades effectively. Tapbit, a globally acclaimed platform, offers a user-friendly interface for both novices and experienced traders alike. This comprehensive guide is designed to guide beginners through the process of depositing funds and participating in crypto trading on Tapbit.
How to Deposit in Tapbit
How to Deposit Crypto in Tapbit
Deposit Crypto in Tapbit (Web)
If you possess cryptocurrency on a different platform or wallet, you have the option to transfer it to your Tapbit Wallet for trading purposes or to leverage our range of services on Tapbit Earn, enabling you to generate passive income.How to find my Tapbit deposit address?
Cryptocurrencies are deposited using a "deposit address." To access the deposit address for your Tapbit Wallet, navigate to [Wallet] - [Deposit]. Click on [Deposit], choose the desired coin and network for deposit, and the deposit address will be displayed. Copy and paste this address into the platform or wallet from which you are withdrawing to transfer the funds to your Tapbit Wallet.Step-by-step tutorial
1. Log into your Tapbit account and click [Wallet] - [Deposit].
2. Select the cryptocurrency you want to deposit, such as USDT.
Next, choose the deposit network. Please make sure that the selected network is the same as the network of the platform you are withdrawing funds from. If you choose the wrong network, you will lose your funds.
Summary of network selection:
- BSC refers to the BNB Smart Chain.
- ARB refers to the Arbitrum One.
- ETH refers to the Ethereum network.
- TRC refers to the TRON network.
- MATIC refers to the Polygon network.
The network selection depends on the options provided by the external wallet/exchange that you are making the withdrawal from. If the external platform only supports ETH, you must choose the ETH deposit network.
4. Click to copy your Tapbit Wallet’s deposit address and paste it to the address field on the platform you intend to withdraw crypto from.
Alternatively, you can click the QR code icon to get a QR code of the address and import it to the platform you’re withdrawing.
5. Upon verifying the withdrawal request, the transaction undergoes confirmation, and the time required for confirmation varies based on the blockchain and its existing network traffic. Subsequently, once the transfer is completed, the funds will be promptly credited to your Tapbit account.
6. You can check the status of your deposit from [Deposit Record], as well as more information on your recent transactions.
Deposit Crypto in Tapbit (App)
1. Open your Tapbit App and tap [Deposit].
2. You will see the available network for depositing. Please choose the deposit network carefully and make sure that the selected network is the same as the network of the platform you are withdrawing funds from. If you choose the wrong network, you will lose your funds.
3. Choose the cryptocurrency you want to deposit, for example USDT.
4. You will see a QR code and the deposit address. Click to copy your Tapbit Wallet’s deposit address and paste it to the address field on the platform you intend to withdraw crypto from. You may also click [Save as Image] and import the QR code on the withdrawing platform directly.
How to Buy Crypto through Tapbit P2P
Purchasing cryptocurrency through Tapbit P2P is a simple process that can be accomplished with only a few steps.
1. Log in to your Tapbit account and navigate to [Buy Crypto] - [P2P Trading].
Note: Ensure you have completed identity verification before engaging in P2P trading.
2. Choose the fiat currency you want to use and the cryptocurrency you want to purchase. For instance, select [USDT] and utilize USD to acquire USDT.
3. Select a Trade AD and click on Buy. Indicate the quantity you want to purchase, ensuring it falls within the specified minimum and maximum limits. Next, choose your preferred payment method and click [Confirm].
4. You will then receive the seller’s payment details. Transfer the funds to the seller’s specified payment method within the given time frame. Utilize the Chat function on the right to engage with the seller. After completing the payment, click [Transfer completed...].
Once the seller verifies your payment, they will release the cryptocurrency to you, marking the completion of the transaction. To view your assets, go to [Wallet] - [Overview].
How to Deposit Fiat Currency in Tapbit
Deposit Fiat Currency in Tapbit (Web)
Deposit Fiat Currency to Tapbit via AdvCash
You can currently initiate deposits and withdrawals of fiat currencies like EUR, RUB, and UAH using Advcash. Refer to the step-by-step guide below for instructions on depositing fiat via Advcash.Important Notes:
- Deposits and withdrawals between Tapbit and AdvCash wallet are free.
- AdvCash may apply additional fees on depositing and withdrawing within their system.
2. Enter the deposit amount and select the fiat to deposit [AdvCash] as your desired payment method. Read and agree to the disclaimer then click [Confirm].
3. You will be redirected to the AdvCash website. Enter your login credentials or register a new account.
4. You will be redirected to payment. Check the payment details and click [Continue].
5. You will be asked to check your email and confirm your payment transaction on the email.
6. After confirming payment on the email, you will receive the below message.
Deposit Fiat Currency to Tapbit via Mercuryo
1. Log in to your Tapbit account and click [Buy Crypto] - [Third-party payment], and you will be redirected to the [Deposit Fiat] page.
2. Enter the deposit amount and select the fiat to deposit [Mercuryo] as your desired payment method. Read and agree to the disclaimer then click [Confirm].
3. You will be redirected to the Mercuryo website then fill payment information to complete the transaction.
Deposit Fiat Currency to Tapbit via Guardarian
1. Log in to your Tapbit account and click [Buy Crypto] - [Third-party payment], and you will be redirected to the [Deposit Fiat] page.2. Enter the deposit amount and select the fiat to deposit [Guardarian] as your desired payment method. Read and agree to the disclaimer then click [Confirm].
3. You will be redirected to the Guardarian website then follow the Guardarian’s instructions to complete the transaction.
Deposit Fiat Currency in Tapbit (App)
Deposit Fiat Currency to Tapbit via AdvCash
1. Open the Tapbit App and click [Buy Crypto]
2. Select [Third-party Payment]
3. At the [Buy Crypto] Tab, fill in the amount you want to spend and the cryptocurrency you want to receive
4. Choose [Advcash] as the Payment Channel then click [Confirm]
5. Agreed to the disclaimer and click [Confirm]
6. You will be redirected to the AdvCash website then fill in payment information to complete the transaction.
Deposit Fiat Currency to Tapbit via Mercuryo
1. Open the Tapbit App and click [Buy Crypto]
2. Select [Third-party Payment]
3. At the [Buy Crypto] Tab, fill in the amount you want to spend and the cryptocurrency you want to receive, choose [Mercuryo] as the Payment Channel then click [Confirm]
4. Agreed to the disclaimer and click [Confirm]
5. You will be redirected to the Mercuryo website then fill in payment information to complete the transaction.
Deposit Fiat Currency to Tapbit via Guardarian
1. Open the Tapbit App and click [Buy Crypto]
2. Select [Third-party Payment]
3. At the [Buy Crypto] Tab, fill in the amount you want to spend and the cryptocurrency you want to receive then choose [Guardarian] as the Payment Channel then click [Confirm]
4. Agreed to the disclaimer and click [Confirm]
5. You will be redirected to the Guardarian website then follow the Guardarian’s instructions to complete the transaction.
Frequently Asked Questions
How long does it take for my funds to arrive? What is the transaction fee?
After confirming your request on Tapbit, it takes time for the transaction to be confirmed on the blockchain. The confirmation time varies depending on the blockchain and its current network traffic.For example, if you’re depositing USDT, Tapbit supports the ERC20, BEP2, and TRC20 networks. You can select the desired network from the platform you’re withdrawing from, enter the amount to withdraw, and you will see the relevant transaction fees.
The funds will be credited to your Tapbit account shortly after the network confirms the transaction.
Please note if you entered the wrong deposit address or selected an unsupported network, your funds will be lost. Always check carefully before you confirm the transaction.
How to check my transaction history?
You can check the status of your deposit or withdrawal from [Wallet] - [Overview] - [Deposit History].
What should I do if I haven’t received payment transferred from other platforms to Tapbit?
Please wait patiently as block confirmation is required for cryptocurrency deposit. If the block confirmation is completed and the funds are still not credited to your account for a long time, please contact our customer support.
How to check deposit progress?
The following link is a block query link for common passes, where you can view the number of block confirmations you have transferred in the website.BTC Blockchain: http://blockchain.info/
ETH blockchain (Able to check the deposit of all erc-20 tokens): https://etherscan.io/
BSC Blockchain：https://bscscan.com/
What should I do if I deposited the wrong currency to your address in Tapbit?
(1) If the user deposits the wrong address during the process, we may not be able to help you recover the assets. Please check your deposit address carefully.(2) The retrieval operation requires a lot of labor cost, time cost, and risk control costs. In order to recover the serious losses caused by the customer’s misoperation, Tapbit will help you recover within the controllable cost range.
(3) Please contact customer support to explain the situation, and provide your account number, token, address, quantity, hash/transaction number of the wrong token, and a screenshot with the deposit information.
(4) If it is possible to retrieve the wrong currency, we need to intervene manually and may directly contact the private key. Only personnel with extremely high authority can carry out the operation and need to go through a strict risk control audit. Some operations may need to be carried out during the wallet upgrade and maintenance period, so it may take more than one month to complete the operation, or it may take longer so please wait patiently.
What should I do if I have not been credited because the deposit amount to Tapbit is less than the minimum deposit amount?
You can continue to deposit to your address, and when the accumulated amount is greater than the minimum credited amount, the assets will be credited uniformly.How to Trade Crypto at Tapbit
How to Trade Spot on Tapbit (Web)
Spot trading is a straightforward process where buyers and sellers engage in transactions at the current market rate, known as the spot price. This trade occurs immediately upon order fulfillment.In spot trading, users can set up trades in advance, activating them when a specific, more favorable spot price is reached. This is called a limit order. Tapbit offers a user-friendly trading page interface for spot trading.
Here’s how you can start trading on Tapbit’s website:
1. Navigate to the Tapbit website and log into your account.
2. Select a cryptocurrency from the [Markets] section on the home page to access its spot trading page.
3. On the trading page, you will find various tools:
- Trading volume of trading pair in 24 hours;
- Sell order books;
- Buy order book;
- Candlestick chart and Market Depth;
- Trading Type: Spot;
- Type of order: Limit/Market;
- Buy Sell Cryptocurrency;
- Market’s latest completed transaction;
- Open orders/Order History/Trade History/Funds/Introduction.
The process for selling BTC or any other cryptocurrency is similar.
NOTE:
- The default order type is a limit order. Traders have the option to switch to a Market Order when they want to execute an order promptly. Opting for a market order allows users to execute their trades instantly at the dominant market price.
- For instance, if the market price of BTC/USDT is currently at 44,200, but you have a specific buying price in mind, such as 44,000, you can place a Limit Order. When the market price eventually reaches your designated price point, your order will then be executed.
- Below the BTC Size field, you will find percentages that pertain to the portion of your USDT holdings you intend to use for the BTC trade. To adjust the desired amount, simply slide the slider to the desired percentage.
How to Trade Spot on Tapbit (App)
1. Log in to the Tapbit App, and click on [Spot] to go to the spot trading page.
2. Here is the trading page interface.
- Market and Trading pairs;
- Real-time market candlestick chart;
- Sell/Buy order book;
- Buy/Sell Cryptocurrency;
- Open orders.
First, you need to specify the price at which you want to buy BTC. This price is what will activate your order, and we’ve set it at 43,839.83 USDT per BTC.
Next, in the "Amount" field, enter the quantity of BTC you want to purchase. Alternatively, you can use the percentage options below to decide how much of your available USDT you want to use for buying BTC. When the market price of BTC reaches 43,839.83 USDT, your limit order will automatically kick in, and you’ll receive 1 BTC in your spot wallet.
You can follow the same steps to sell BTC or any other chosen cryptocurrency by selecting the [Sell] tab:
NOTE:
- The default order type is set to a limit order. Traders seeking to expedite their order execution may opt for a [Market] Order. By selecting a market order, users can engage in instant trading at the dominant market price.
- However, if the market price for BTC/USDT stands at 43,000, but you have a specific buying price in mind, such as 42,000, you have the option to place a [Limit] order. Your placed order will only be executed when the market price aligns with your specified price point.
- Furthermore, the percentages displayed beneath the BTC [Amount] field denote the proportion of your USDT holdings that you intend to allocate for the BTC trade. To adjust this allocation, simply move the slider to your desired percentage.
Frequently Asked Questions (FAQ)
What is a Limit Order?
A limit order is like setting a specific price tag on your trade. It won’t happen right away, unlike a market order. Instead, a limit order will only work if the market price reaches or surpasses the price you’ve set. This means you can use limit orders to buy at a lower price or sell at a higher price compared to the current market rate.Here’s an example to make it clearer: Let’s say you want to buy 1 BTC, and the current BTC price is $50,000. You place a buy limit order at $60,000. Your order will be completed immediately at $50,000 because it’s a better price than your limit of $60,000.
Similarly, if you want to sell 1 BTC, and the current BTC price is $50,000, and you place a sell limit order at $40,000, your order will also be executed instantly at $50,000 because it’s a better price than your set limit of $40,000.
| Market Order | Limit Order |
| Purchases an asset at the market price | Purchases an asset at a set price or better |
| Fills immediately | Fills only at the limit order’s price or better |
| Manual | Can be set in advance |
What is Market Order?
A market order is promptly executed at the prevailing market price upon order placement, facilitating both purchase and sale transactions.
Within the context of a market order, users are provided with the choice of utilizing either the [Amount] or [Total] options for initiating buy or sell orders. To illustrate, if one desires to procure a specific quantity of BTC, they may directly input the desired quantity using the [Amount] option. Alternatively, if the objective is to acquire BTC with a predetermined sum of funds, such as 10,000 USDT, the [Total] option can be employed to execute the purchase order accordingly.
How to View my Spot Trading Activity?
You can easily check your spot trading activities using the Orders and Positions panel at the bottom of the trading interface. Just switch between the tabs there to see your current orders and the ones you’ve already completed.1. Open Orders
Under the [Open Orders] tab, you can view details of your open orders, including:
- Time
- Type
- Symbol
- Size
- Price
- Order Qty
- Filled Qty
- Total
- Filled%
- Operation
Order history displays a record of your filled and unfilled orders over a certain period. You can view order details, including:
- Time
- Type
- Symbol
- Size
- Price
- Order Qty
- Filled Qty
- Average Price
- Filled Value
- Status
3. Trade History
Trade history shows a record of your filled orders over a given period. You can also check thetransaction fees, including:
- Time
- Order ID
- Symbol
- Size
- Type
- Average
- Price
- Filled Value
- Order Value
- Filled Qty
- Order Qty
- Fee
You can view details of the available assets in your Spot Wallet, including the coin, total balance, available balance, frozen balance, and BTC Valuation.
