1.What are crypto wallet addresses?
Crypto wallet addresses are unique identifiers associated with cryptocurrency wallets. They are used to send and receive cryptocurrencies on the blockchain network.
2. How are crypto wallet addresses generated on Pi42?
When you create an account on Pi42, crypto wallet addresses for each supported network (e.g.Bitcoin, Ethereum) are generated automatically and linked to your account.
3. How do I deposit USDT into my Pi42 account?
To deposit USDT, navigate to your wallets on the Pi42 platform, select the USDT deposit option, choose the wallet address provided, copy the details, and initiate a transfer of USDT to this address from your external wallet or exchange.
4.How long does it take for USDT deposits to reflect in my Pi42 account?
USDT deposits typically require confirmation on the blockchain network. Once the transaction is confirmed, the deposit will reflect in your Pi42 account. The time taken for this process may vary depending on network congestion and other factors.
5. Why am I being asked to fill out a form after depositing USDT on the trading platform?
The trading platform may require you to fill out a form for various reasons related to compliance, security, and account verification.
6. What information do I need to provide in the form?
Information required in the form are personal details such as your Name,purpose of deposit,acknowledgement confirmation,source of fund,KYC details.
7. Why is account verification necessary?
Account verification helps the trading platform confirm your identity and ensure that you are the rightful owner of the funds you are depositing. It's a standard procedure to protect against fraud and unauthorised access.
8. What happens if I don't fill out the form?
Failure to complete the form may result in restrictions on your account, such as limitations on trading or withdrawal capabilities. It's important to comply with the platform's requirements to fully access its services.
9.Can I withdraw USDT to external wallets like Metamask or Truewallet from Pi42?
No, Pi42 currently does not support withdrawal to external wallets.
10.What is the difference between Spot Market and Futures Market?
In the Spot Market, you directly buy virtual assets like Bitcoin and hold them. In the Futures Market, you trade derivative contracts based on the underlying asset's price.
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