Assets and networks
Supported assets and networks
The networks Coinwaka supports, how stablecoins move across them, and how to avoid losing funds to the wrong network. Your wallet always shows the exact options for each asset.
Sending crypto on a network the other side does not support, or to a wrong-network address, can lose your funds permanently. Always match the network on both ends.
01
How networks work
A crypto asset can exist on more than one blockchain, called a network. To move funds, both sides must use a network they each support. The dollar value of the asset is the same across networks; what differs is the network fee, the speed, and the address format.
Sending on a network the receiving side does not support can lose your funds permanently. Always match the network on both ends before you send.
02
Networks Coinwaka supports
Coinwaka supports deposits and withdrawals across the major networks below. The exact networks available for a specific asset are always shown in your wallet when you deposit or withdraw, which is the authoritative list.
- Bitcoin (BTC) on the Bitcoin network.
- Ethereum (ETH) and ERC20 tokens on Ethereum.
- USDT and other tokens on TRON (TRC20), popular in Kenya for low fees.
- Tokens on BNB Smart Chain (BEP20).
- SOL and tokens on Solana.
- Tokens on Polygon.
03
Stablecoins across networks
USDT and USDC are dollar stablecoins that settle on several networks. One USDT is the same dollar value whether it moves on TRON, Ethereum, BNB Smart Chain, Solana, or Polygon; only the network fee and speed change. USDC settles on networks such as Ethereum, Solana, and Polygon.
When you deposit or withdraw a stablecoin, pick a network that both you and the other side support. If you are unsure, TRC20 (TRON) is widely used locally for its low fees.
04
Deposit and withdrawal availability
Whether an asset can be deposited or withdrawn, and on which networks, can differ by asset and can be paused for maintenance or security. The live availability is shown at the moment you deposit or withdraw, and any wider outage appears on the system status page.
05
Network fees and confirmations
Network (gas) fees are set by the blockchain, not by Coinwaka, and the fee is shown in full before you confirm a withdrawal. Incoming deposits credit after the asset’s required number of network confirmations, which protects against reversed transactions.
06
Avoiding wrong-network loss
On-chain transfers are irreversible. Protect yourself:
- Always select the same network on both the sending and receiving side.
- Never send to an address generated for a different network.
- Copy and double-check the full address; never trust a partial match.
- For a new address, send a small test amount first, then the rest.
- If funds are sent on the wrong network or to a wrong address, they may be unrecoverable.