;

Understanding Deposits: Sending Crypto to Your Bombastic Wallet

Created by Freddy K, Modified on Mon, 16 Sep at 5:23 PM by Freddy K

Deposit

Deposit refers to the option of crediting funds using external funding options such as Crypto Exchanges or another form of crypto vendors. In essence, Bombastic provides a receiving address and your cryptocurrency is under some other address somewhere else. What you do is send funds from one address to another - usually a Crypto Exchange to Bombastic.

Bombastic provides you with a RECEIVING ADDRESS (Wallet address) for your cryptocurrency. This is a UNIQUE address assigned to your account only. In order to deposit to Bombastic, you must have crypto currency available somewhere else. That "else" place is usually Crypto Exchange where you need to use the said Crypto Exchange's SEND facility.

Below is a view of your wallet with Deposit tab showing the address. This is a demonstration account. Do not use this QR code. Please create your own Bombastic account. You will notice, the address is different. In fact it is Unique:

image.png

 

Here is a general view of how the funds transfer work between a Crypto Exchange and Bombastic cashier:

image.png

Was this article helpful?

That’s Great!

Thank you for your feedback

Sorry! We couldn't be helpful

Thank you for your feedback

Let us know how can we improve this article!

Select at least one of the reasons

Feedback sent

We appreciate your effort and will try to fix the article