Funding Your Account

Depositing/Withdrawing Funds to Your Flamix Account

Depositing into your Account

All users - whether traders or liquidity providers - must deposit funds into their Flamix account before using the platform. Note: this does not mean that Flamix gets ownership of your assets. Flamix is a non-custodial exchange and users retain full ownership over their funds via ERC-20 tokens called chips (read more: Chips: Flamix Utility Tokens).

Withdrawing from your Account

Users can withdraw funds from their accounts at any time. To do so, users submit a withdrawal transaction from the wallet holding their chips. Chips are then taken from the user's wallet and burned, with the corresponding amount of funds being released from Flamix to the user's wallet as soon as the transaction settles.