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 wallet In the Monero section, click on the Receive.

The following window will appear. 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.

Copy the shown Monero address or Scan QR Code and send a payment.

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 can take up to 120 minutes.

How to send Monero

Open your Waves wallet
In the Monero section, click on the Send button.

The following pop-up will appear.

Paste the Monero address you want to send to, Payment ID which you are getting from the recipient side as well as the amount of Monero.

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

The following pop-up will appear.
To complete the operation, click on the Confirm or Back to repeat the process.

Note: Processing can take up to 120 minutes.

How to transfer Monero to another Waves account

You can send Monero directly to another Waves account. Just use the recipient Waves address, click on the Send and fill-in the sending form.

Note. The network fee is only 0.001 Waves (no gateway fee)

After you have completed the form, click on the Continue button.

The following pop-up will appear.
To complete the operation, click on the Confirm or Back to repeat 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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