How crypto deposits work
Sending crypto into your Coinwaka wallet and why it takes confirmations.
Beginner 3 min readUpdated 5/27/2026
To deposit crypto, you send it from another wallet or exchange to your Coinwaka deposit address.
Steps
- Open Wallet → Deposit and pick the asset.
- Choose the correct network (e.g. TRC20 for USDT). This is critical.
- Copy your deposit address (and memo/tag if shown).
- Send from the other side using the exact same network and address.
- Wait for network confirmations — your balance updates automatically.
Critical warnings
- Wrong network = lost funds. See How to avoid wrong-network deposits.
- Missing memo/tag on coins that need one can delay or lose your deposit. See What is a memo/tag?
Related articles
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How network confirmations work
Why deposits and withdrawals take a few minutes to settle.
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How to avoid wrong-network deposits
Sending to the wrong network is the #1 way people lose crypto. Avoid it.
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What is a memo/tag?
Why some coins need an extra memo or tag — and what happens if you forget it.