A cryptocurrency network is a database for cryptocurrency transactions of a particular coin. Once you transfer funds, the transaction enters the blockchain for execution and inclusion in the blockchain.
Please note: tokens listed on the exchange may have their own smart contracts on different networks or blockchains.
For this reason, you should always check the network where you need to send the token to avoid losing money and successfully conduct cryptocurrency transactions.
To check the network, follow a few simple steps:
1. Navigate to the balance page
Point to the Balances — Wallet bar in the top right corner of the screen. Choose Total or Main.
2. Currency selection
On the Balances page, you will see a list of tickers with the names of cryptocurrencies or state currencies. Find the desired cryptocurrency. Click on the chain icon next to the name (ticker).
3. Network check
You will see a list of standards of the selected token supported by our exchange.
Please note: national currencies do not have a network; hence, there is no chain next to the ticker.
By clicking on the token standard you are interested in, you can go to the explorer (browser) of the cryptocurrency smart contract hyperlink.