Choose a cryptocurrency exchange: The first step in transferring cryptocurrency is to choose a reliable and secure cryptocurrency exchange.
Select the cryptocurrency: Choose the cryptocurrency you want to transfer and make sure the exchange supports it.
Enter the recipient’s wallet address: To transfer cryptocurrency, you need to enter the recipient’s wallet address, which is a unique string of characters that identifies their wallet.
Enter the amount: Enter the amount of cryptocurrency you want to transfer. Confirm the transaction: Verify the transaction details and confirm the transfer. Check the fees and make sure you have enough funds to cover the fees.
Wait for confirmation: Depending on the cryptocurrency, it can take a few minutes to several hours for the transaction to be confirmed and reflected in the recipient’s wallet.
Double-check the details: Once the transfer is complete, double-check the details to ensure that you have sent the correct amount of cryptocurrency to the correct wallet address.
Nearly $8.5 million was moved from the protocol, and as a result, the Platypus USD (USP) stablecoin depegged from the U.S. dollar, dropping to $0.33 at the time of writing.