Contents:

Introduction

Waves allow you to hold and transfer Monero on its blockchain. This works through a so-called Multigateway approach: Monero sent to a user's deposit address available in the Waves wallet and after the deposit the user receives a Monero token (wMONERO) issued in the Waves blockchain. Every single Monero token is backed 1:1 with the real Monero.

Read more about What is a payment gateway?

How to receive Monero

Open your Waves app and log in to your Account. At the bottom of the interface, click on the and click on the Receive.

The following window will appear. Tap on the Asset and choose Monero from the drop-down menu.

Before proceeding please carefully read the conditions:

The minimum amount of deposit is 0.01 XMR

If you will send less than 0.01 XMR, you will lose that money.

Send only XMR to this deposit address

Sending any other currency to this address may result in the total loss of your deposit.

After that click on the Continue.

The following window will appear.

There you will find Monero address of your account. Copy it by clicking on the Copy or Share with the sender. Also, there you will find QR code that contains your address.

Note: Monero Payment ID already included in the recipient Monero address. But if the sender side required Payment ID, please contact Coinomat support team - [email protected]

Note: Processing may take up to 120 minutes.

How to send Monero

Open your Waves app and log in to your Account. At the bottom of the interface, click on the and click on the Send.

The following window will appear.

Fill in the sending form.

  • Asset: Choose Monero from the drop-down menu.
  • Recipient: Put the recipient address or scan QR-code or choose from Address book.
  • Monero Payment ID: Use the Payment ID received on the receipt side.
  • Amount: Define a number of Monero you want to send or choose Use total balance 50% 10% 5%

Please note that the gateway charges 0.01 MONERO for the gateway fee as well as 0.001 Waves for the network fee. Before proceeding please carefully read the conditions.

After you have filled the form, click on the Continue.

The following window will appear.

To complete the proccess, click on the Confirm.

Note: Processing may take up to 120 minutes.

How to transfer Monero to another Waves account

You can send Monero directly to another Waves account.

Open your Waves app and log in to your Account. At the bottom of the interface, click on the and click on the Send. Note: The network fee is only 0.001 Waves (no gateway fee).

The following window will appear.

Fill in the sending form.

  • Asset: Choose Monero from the drop-down menu.
  • Recipient: Put the recipient Waves address or scan QR-code or choose from Address book.
  • Amount: Define a number of Assets you want to send or choose Use total balance 50% 10% 5%

After you have entered all necessary information click on the Continue.

Re-check entered data and click on the Confirm to complete the process.


More info

See more articles in the Transfers and gateways chapter.

If you have troubles with our platform, please create a support ticket or write a question on our forum.

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