How to receive and send Monero

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) on the Waves blockchain. Every single Monero token is backed 1:1 with a 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 pop-up will appear. Copy the shown Monero address or Scan QR Code and send a payment. Read the conditions carefully in yellow boxes before proceeding.

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 Monero for the gateway fee as well as 0.001 Waves for the network fee. Read the conditions carefully in yellow boxes before proceeding. After you have filled 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.

Note: Processing can take up to 120 minutes.

How to create internal transaction through Waves network

You can send Monero directly to another Waves account, just use the recipient Waves address, click on 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.

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