Send Crypto from Gem Wallet
How to Send Crypto from Gem Wallet
Sending cryptocurrency from Gem Wallet is quick and secure, allowing you to transfer digital assets to an exchange or another wallet. Simply enter the recipient's address, choose the amount, and confirm the transaction. Be sure to check the recipient address, select the correct network, and ensure you have enough balance to cover network fees.
Sending Crypto from Gem Wallet to an Exchange
For this example, we will be depositing some SEI tokens from Gem Wallet to Binance.
Obtain The Destination Address
Open the Binance app or visit the Binance website and log in to your account. Click on "Wallet" and then select "Fiat and Spot". Tap on "Deposit" and then choose the cryptocurrency you want to deposit.
Choose the correct "Network" to deposit your crypto to.
Copy the provided deposit address and memo (if required). This is the address you will send your cryptocurrency to from Gem Wallet.
Always double check if the destination requires a memo or destination tag. Funds might get lost if this information is not accurate.
Access Your Gem Wallet
Launch the Gem Wallet app and navigate to the wallet containing the cryptocurrency you want to send.
Tap on "Send" and then paste the deposit address you copied from Binance into the "Recipient Address" field in Gem Wallet. Do not forget the memo field if it is required.
Send Crypto from Gem Wallet
Enter the amount of cryptocurrency you wish to send, keeping in mind to allocate enough balance for network fees. Review the transaction details carefully to ensure everything is correct before confirming.
Tap on "Confirm" to proceed with the transaction.
Wait for the transaction to be processed. Congratulations, you have successfully sent your crypto to Binance using Gem Wallet.
See more guides about Sending Crypto on our Send/Receive section.
Sending Crypto from Gem Wallet to another Wallet
For this example, we will be sending some Bitcoin from Gem Wallet to Xverse.
Obtain The Destination Address
Open the Xverse app and then get the Bitcoin address. We highly recommend using a Native Segwit address.
Copy the BTC address which we will be using later.
Always double check if the other wallet supports the crypto you are sending. Crypto transactions are irreversible and may lead to loss of funds.
Access Your Gem Wallet
Launch the Gem Wallet app and navigate to your Bitcoin (BTC) wallet.
Tap on "Send" and then paste the destination address you copied from the Xverse app into the "Recipient Address" field in Gem Wallet.
Send Crypto from Gem Wallet
Enter the amount of cryptocurrency you wish to send, keeping in mind to allocate enough balance for network fees. Review the transaction details carefully to ensure everything is correct before confirming.
Tap on "Confirm" to proceed with the transaction.
Wait for the transaction to be processed. Congratulations, you have successfully sent your crypto to Xverse using Gem Wallet.
Sending Crypto that require Network Fees
Certain blockchain networks require specific native tokens to cover transaction fees. You may encounter error messages such as "Insufficient XXX," which is a common issue related to inadequate funds for transaction fees. To prevent this error and ensure seamless transactions, verify that you have sufficient funds to cover the network fees.
Here are some examples:
- Binance Smart Chain (BNB): BNB is required for transaction fees when sending BEP-20 tokens.
- TRON (TRX): TRX is required to pay for transaction fees when sending TRC-20 tokens such as USDT on the TRON network.
- The Open Network (TON): You need TON to cover fees when sending Jettons, the native token standard on the TON blockchain.
Sending Crypto To A Domain Name Service (DNS) Name
Gem Wallet fully supports sending cryptocurrency to a Domain Name Service (DNS) Name, making transactions easier by allowing you to send funds to a human-readable address (like gem-wallet.eth) instead of a long wallet address. Ensure the DNS name is correctly linked to the recipient’s wallet address to avoid errors.
Learn more about about Domain Naming Service (DNS) Names.
Do I Need a Memo when Sending from Gem Wallet?
The need for a "Memo" depends on the recipient's platform. If the recipient is a centralized exchange, you may need to include a Memo, Destination Tag, or similar identifier to ensure the funds are correctly credited to your account. Before initiating the transfer, carefully verify all necessary details, such as the receiving address and any required tags, to avoid delays or loss of funds.
Here are some examples from centralized exchanges:
Always confirm the specific requirements of the receiving platform, as errors in this information can lead to complications. For added security, consider sending a small test transaction when dealing with a new recipient.