How to receive cryptocurrencies?

You can receive cryptocurrencies using your own cryptocurrency addresses. 

You will be notified via email when action is required from you to accept the incoming transfer.

1. Log in to Coinmotion.
2. Check the section with unconfirmed transfers ("You have unconfirmed transfers"). You can also see this pending transfer in the Crypto transfers history.
3. Select this pending transfer by tapping on it in mobile or clicking Confirm in the web version.
4. You can check the amount and the address you're receiving this transfer from.
5. If you own this wallet address, mark it and click Verify transaction.
6. Next, choose the type of address you’re receiving from.
7. Add additional details about this address: specify who the sender is, and if it’s another service (VASP/CASP), indicate what this service is.
8. 1. If you’re sending to yourself from Other service (VASP/CASP), the sender is already prefilled.
9. Click Confirm.

Creating a cryptocurrency address:

1. Go to the "Transfers" page →  "Receive cryptos"
2. Choose the currency.
3. Click "+ Generate address."
4. Optionally, give a name to the address so you can distinguish between addresses.
5. Click "Generate"
6. At the bottom of the page, you can see all the addresses you've created along with their QR codes. In the browser version, you can display the QR code by clicking on the address.

Even though you create new addresses, old addresses will continue to work. Addresses cannot be deleted.

Special notes for XLM and XRP addresses:

XLM and XRP addresses are a bit different from other cryptocurrency addresses because they consist of two parts: the actual address, which is a long character string, and a tag (memo id or destination tag).

Memo id and destination tag usually have their own fields. Coinmotion's XLM and XRP addresses are provided both as separate parts and as a whole, with the tag at the end in the form "?memoId=X" or "?dt=X." Here, X is the tag, and the part before the question mark is the actual address. Therefore, always make sure to input the address and destination tag in the correct fields.

Important notes for receiving cryptocurrency transfers:

Cryptocurrency transfers are always irreversible. Therefore, before confirming a transfer, ensure that the receiving address and the selected blockchain/network are correct. Which network must I use?

Receiving cryptocurrency transfers does not cost you anything. If someone asks you to make a money transfer so you can receive a cryptocurrency transfer, it is most likely a scam.