Ethereum Wallets
Detailed guide for depositing and withdrawing funds to / from Paradex
Detailed guide for depositing and withdrawing funds to / from Paradex
Initiate a deposit from your Ethereum wallet to the Starknet bridge and it will automatically be sent to Paraclear. These transactions may take several minutes depending on network conditions.
Initiate a Deposit to the Paradex Bridge
Note: This action will require 1-2 L1 signatures. If this is your first deposit to Paradex you will need to enable ERC-20 token transfers and set a spending cap for USDC to the Paradex bridge. If you already have an allowed spending limit set for this token, you can skip this step.
Initiate a withdrawal from your Paradex account to the Starknet bridge and it will automatically be sent to your L1 once it is available.
Initiate a Withdrawal to the Paradex Bridge
Note: “Pending - L2” status can take up to 8 hours to update. You can check for historical averages by going to the Liveness section of the Paradex’s L2BEAT page and selecting the State Updates tab.
Withdrawing funds requires all preceding actions from all accounts (including risk checks) be validated on Ethereum (L1). Your Paradex (L2) withdrawal transaction will be batched along with other Paradex (L2) transactions (trades, deposits, withdrawals, etc) and sent to the Starknet Prover to generate a Proof guaranteeing the calculations. Batching and proving can take several hours depending on the volume of trades / transactions processed by Paradex (L2) and generating a Starknet proof takes around 2 hours. Once the proof is generated it is sent to the Starknet (L1) verifier contract which will confirm its validity and then unlock funds for withdrawal.