Key information about deposits & withdrawals

Deposit supported currency

We are continually working towards adding support for more coins. However, currently we only support USDT deposits over a limited number of networks.

Please note that fiat currencies such as USD or INR are not supported for direct deposits or withdrawals on the platform. However, you can use our on-ramp and off-ramp partners to convert your fiat currency into crypto.

Currently, USDT deposits are supported only via the following networks:

• ERC20
• BEP20 (BSC)

No other networks are supported at this time.

Users are strongly advised to carefully check the selected coin and network before making any deposit or withdrawal. If an unsupported coin or network is used for the deposit, Faida Trade may not be able to recover the funds.

Withdrawals

For all other users, there is a flat withdrawal fee for each coin; please refer to the table below:

Transaction Speed

Deposits

Deposits are processed immediately post release of funds from the sender's wallet, and the number of confirmations is as per the list below:

Withdrawals

The majority of withdrawals are processed within 30 minutes through a manual review. Larger withdrawals may take up to 24 hours. In case of any delays, please raise a support ticket. 
Note: Withdrawals will be disabled for the next 24 hours whenever you change your account password.