Whether you’re a crypto exchange (CEX) enthusiast or skeptic, it’s hard to deny that CEX platforms are the starting point for many newcomers in crypto. However, decentralized exchanges (DEX) are gaining popularity among traders, and they’re causing a significant impact in the crypto market.
Our guide will take you through the steps of sending tokens between your CEX account and Keplr. This will bring you one step closer to exploring the Cosmos ecosystem.
- Open account at crypto exchanges (for example Binance, Indodax, etc)
- Create Keplr wallet (Keplr extension)
- Open Keplr extension
- Click Deposit
Note: Important! This tutorial covers the process of sending $ATOM tokens (Cosmos Hub) to your Keplr wallet. It’s crucial not to send any other tokens from crypto exchanges to your Keplr wallet (Cosmos Hub) to avoid potential token loss.
- Choose Cosmos Hub and click the copy link button
Note: Tokens sent from CEX to Keplr Wallet do not require a memo.
- Please paste this address into the recipient field when sending the token from your CEX account. Take a moment to verify that the address is correct
- After sending your ATOMS to Keplr, you should be able to see your available balance.
Note: For those sending tokens to Keplr Wallet for the first time, we recommend starting with a small amount as a trial run
- Open Keplr Extension and click Send
- Choose $ATOM (Cosmos Hub) token.
- Enter the information:
- Wallet Address or ICNS: Input your ATOM (Cosmos Hub) CEX address
- Amount: The amount of ATOM
- Memo: Input the memo provided by the centralized exchange
Token transfer to CEX requires a memo. A memo is a unique identifier used to differentiate between transactions to the same recipient address on the same cryptocurrency network
- Once done, click Next
Note: Take a moment to review all details carefully. Incorrect information may result in token loss.
- After the transaction is confirmed, you should receive the ATOM balance in your CEX account.
This article is made only as a guide and cannot be seen as a piece of financial advice. We assumed that when you are following this guide, you have already done your own research on the token and all the risks that might happen.
