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Deposits
How to deposit and withdraw your funds to and from Paradex
Deposit Flow / Paradex
- 1.Connect your Metamask wallet to the Paradex web app
- 2.Head over to the “Portfolio” tab
- 3.Click the “Deposit” button and enter the desired amount of funds you wish to transfer to the Starknet Appchain. This will require 1-2 L1 signatures via Metamask.
- 1.First, you will need to enable transfers of the ERC-20 token you wish to deposit via metamask and set a “spending cap”. Note: If you have an available spending allowance for the ERC-20 token you wish to deposit this step will be skipped.
- 2.Second, you will sign a transaction to send your requested ERC-20 token deposit to the Starknet Appchain bridge contract by hitting “Initiate Deposit to Bridge”
- 4.After your L1 deposit transaction is confirmed on chain, you will see a deposit transaction with the status “Available - L2” in the “Deposit / Withdraw” table Note: this may take up to a few minutes for the Ethereum block to get accepted (depends on Ethereum network conditions).
- 5.Click “Deposit to Paraclear” in the “Actions” section of the transaction to finalize the transfer of your funds from the Starknet bridge to Paraclear
- 6.Start trading!
See the Accepted Collateral section of the docs to see what tokens are acceptable forms of collateral at this time. At launch, Paradex will only support USDC as acceptable collateral.