Some crypto platforms use their own token standards and blockchain networks to process transactions. When you transfer cryptocurrencies to Newton from a platform with its own network, there are a few things to be aware of.
Network names explained
Platforms like Binance use their own token standards for coins within their own ecosystem. Binance's networks are called BEP2 (Binance Chain) and BEP20 (Binance Smart Chain), these networks are built on top of the Ethereum blockchain and can only be used to send funds to wallets that support those chains. Newton does NOT support transfers from BEP2 or BEP20 tokens.
Always reference Newton's deposit instructions for the coin that you are depositing prior to sending funds. Ensure that the correct supported network is used and include a memo or tag if required. Incomplete, missing or incorrect information may result in the loss of funds. Crypto transactions are final and irreversible.
Which network do I use to transfer to Newton?
How To Transfer:
Initiate a transfer for the coin you want to move to your Newton Wallet.
Paste your Newton wallet address for the specific cryptocurrency you want to move, this is your destination address.
When you are prompted to select the network for the transfer, ensure that you choose the network Newton supports for that coin. It will NOT be BEP2 (Binance Chain), BEP20 (Binance Smart Chain), Omni or MATIC network. Please refer to the table above for the network we support for a particular coin. For example, for MATIC we only support the ERC20 network, while for DOGE we support its native dogecoin network.
Complete the transfer, your funds should show up in your Newton wallet within a few minutes.
Remember to use supported networks when sending transfers to Newton and avoid losing your funds.
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Moving funds to Newton?
Check you're sending via the network Newton supports.