Receive crypto by sharing your deposit address or QR code.
Here’s how you can receive crypto within the IN1 app:
Head to the “Crypto” tab at the bottom, then tap "Portfolio" at the top.
Tap “Add” and choose the crypto you want to receive.
Tap "Link / QR" under the Other section.
Choose the crypto Network if applicable.
You need to pass the chosen Network to the sender. Choosing the wrong network when sending a transfer can result in losing funds.
You can share a QR code or a deposit address with a person sending you crypto.
Additionally, if you're on someone else's contacts list, they'll see you as an IN1 Friend when sending you crypto within the app, which is even easier and almost instant with no fees. Refer here for more information.
FAQ:
How does a QR code work?
When a person scans your QR code in the external wallet app to make a transfer, your wallet address is automatically filled in, making the process more convenient.
What is a crypto deposit address?
The crypto deposit address you share or receive to make a transfer is a unique code used for crypto transactions. It can be described as a bank account number since it functions similarly, but only for digital currencies.
What is a crypto network, and which one should I choose?
Simply put, a crypto network is a system of computers spread out across the world that help people send, receive, and store their cryptocurrency. These computers work together to check and record every transaction. It is like a big, shared ledger that everyone in the network can see, ensuring accuracy and security. Each transaction is added to this record, and everyone in the network has an updated copy.
Generally, coins run on their own blockchain, and you won't have to choose one of the networks to make a transfer. However, tokens use other blockchains to work and will require you to choose the network. Generally, you will have a couple of options, the main difference being the fee amount and the transfer time.
For example, Bitcoin (BTC) and Ethereum (ETH) run on their own "Bitcoin" and "ERC-20" networks, and you won't have to choose a network for a transfer. Meanwhile, USDT can be sent via Ethereum (ERC-20) or Tron (TRC-20) networks.
Choosing the wrong network when sending a transfer can result in losing funds.
How long does a crypto transfer take?
Usually, a crypto transfer takes from 10 minutes to 2 hours. However, crypto transfer times can still vary greatly, ranging from ten minutes to one day. It depends on the chosen cryptocurrency and the level of network congestion. If there is too much traffic on a network (many people are buying, sending, and selling), its average speed will be slower.
You can monitor the status of your transaction by tapping it while on the "Cards" tab.
When you send crypto from your IN1 Account to another IN1 Account, the process is easier; you pay no fees, and it is almost instant.