✔️Deposit

The procedure for making a deposit on S-Trade is simple for customers. The side of the exchange is where private keys or seed phrases are typically stored in centralized exchange (CEX) solutions. S-Trade is in charge of ensuring the safety of the funds kept on the platform.

Users can transfer assets from an outside wallet to their S-Trade user address to fund their accounts. The user address is used to send a withdrawal to the hot wallet address after the top-up has been sent. To ensure the safety of the funds and shield them from potential attacks, this is necessary.

According to the blockchain, a transaction must first flow from the outside to the user address, then to the cold wallet, before ending with the balance being shown in the S-Trade wallet. This guarantees the transaction's security and integrity and aids in preventing fraud and other nefarious activities.

The deposit procedure at S-Trade is built to guarantee the security of user funds, while also offering a quick and easy way to add assets to a user's account. The platform uses a number of security measures when users deposit money into their S-Trade accounts to safeguard the transaction and guarantee the integrity of the money.

The hot wallet/cold wallet system is one of S-Trade's most important security measures. The transaction is first sent to the user's blockchain address when they deposit money into their S-Trade account. The money is then transferred to the S-Trade's hot wallet, an online wallet linked to the platform's servers. While the hot wallet is used to expeditiously and effectively process transactions, it only holds a small portion of the platform's total funds.

✅ Users can rest easy knowing their assets are secure thanks to the platform's security measures after making a deposit on S-Trade because the process is safe and simple.