What Is Funds Transfer?
Funds transfer refers to moving funds between different accounts within the Hotcoin platform.
For example:
- P2P Account → Spot Account
- Spot Account → Futures Account
- Futures Account → Spot Account
Features:
- Instant Transfers
- Zero Fees
- Flexible Asset Management
Why Is Funds Transfer Required?
Different trading features on Hotcoin are managed through specific account types.
Therefore, you must move your funds to the corresponding account before performing certain transactions.
For example:
- P2P Selling: When selling digital assets in the P2P market, if the assets are in your Spot Account, you must first transfer them to your P2P Account before placing a sell order.
- Futures Trading: To trade Futures, you need to transfer funds from your Spot Account to your Futures Account (to be used as margin).
Common Funds Transfer Directions
- P2P Account → Spot Account (for Spot trading)
- Spot Account → Futures Account (for Futures trading)
- Futures Account → Spot Account (for withdrawals or Spot trading)
How to Transfer Funds
Web
On the Hotcoin homepage, hover over Assets and click Transfer from the dropdown menu.
In the Transfer window, select:
- From Account
- To Account
- Asset
Enter the transfer amount and click Transfer. The funds will be credited instantly.
App
Open the Hotcoin App, tap Assets in the bottom-right corner, and enter the Asset Overview page.
Tap Transfer to enter the transfer page.
On the Transfer page, select:
- From Account
- To Account
- Asset
Enter the transfer amount and tap Transfer. The funds will be credited instantly.
hotcoin.com
