Cryptocurrencies

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How to transfer Oraichain (ORAI) coins to someone else?

To transfer Oraichain (ORAI), create an OraiDEX account, fund it with ORAI or ETH, add the recipient's address, initiate the transfer by entering the amount, and confirm the transaction to send the ORAI.

Dec 20, 2024 at 05:32 am

Key Points

Step 1: Create an OraiDEX account
Step 2: Fund your OraiDEX account
Step 3: Add the recipient's Oraichain address
Step 4: Initiate the ORA transfer
Step 5: Confirm the transaction

Step-by-Step Guide to Transferring Oraichain (ORAI) Coins

1. Create an OraiDEX Account

OraiDEX is the official decentralized exchange for Oraichain. To create an account, visit https://oraidex.io/
Click "Create Account" and follow the on-screen instructions.
You will need to provide a username, email address, and password.
Once your account is created, you will be prompted to download the OraiDEX app.

2. Fund Your OraiDEX Account

You can fund your OraiDEX account with Oraichain (ORAI) or Ethereum (ETH).
To deposit ORAI, click "Deposit" on the OraiDEX website and select ORAI.
Copy the deposit address and send ORAI from your wallet to this address.
To deposit ETH, follow the same steps and select ETH.

3. Add the Recipient's Oraichain Address

To add the recipient's Oraichain address, click "Send" on the OraiDEX website.
Enter the recipient's address in the "To" field.
You can also add a note to the transaction.

4. Initiate the ORA Transfer

Enter the amount of ORAI you wish to transfer in the "Amount" field.
Click "Send ORAI."
You will be prompted to confirm the transaction.

5. Confirm the Transaction

Review the transaction details carefully.
If everything is correct, click "Confirm."
Your transaction will be broadcast to the Oraichain network.
Once the transaction is confirmed, the ORAI will be transferred to the recipient's account.

FAQs

1. How long does it take to transfer Oraichain (ORAI)?

The confirmation time for an ORA transfer depends on the network congestion at the time of the transaction. Typically, transactions are confirmed within a few minutes.

2. What is the minimum amount of ORAI I can transfer?

The minimum amount of ORAI you can transfer is 10 ORAI.

3. Is there a fee to transfer Oraichain (ORAI)?

Yes, there is a small fee to transfer ORAI. The fee is currently set at 0.01 ORAI.

4. Can I transfer Oraichain (ORAI) to an Ethereum address?

No, you cannot transfer ORAI to an Ethereum address. ORAI is a token on the Oraichain network and can only be transferred between Oraichain addresses.

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