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How to Receive Funds in Your nsave Account via Stablecoin

Updated over a week ago

Funding your nsave account with stablecoin is a simple process when you follow these steps. This guide will walk you through creating your wallet, selecting the correct stablecoin and chain, and receiving your funds.

Step 1: Create Your Wallet

Before you can receive stablecoin, you'll need to set up your nsave wallet:

  1. Log in to your nsave account

  2. Click on "Create Wallet" and follow the on-screen instructions

  3. Once created, your wallet will be ready to receive stablecoin via its address

Step 2: Select the Correct Cryptocurrency and Chain

⚠️ IMPORTANT: Selecting the correct stablecoin and blockchain network is critical.

When receiving stablecoin, you must ensure you're using the supported stablecoin and blockchain network (chain). nsave supports specific stablecoins on designated chains.

If you send funds to your wallet address using an incorrect or unsupported blockchain network, the funds will NOT be credited to your account and CANNOT be recovered. This limitation is inherent to blockchain technology and is completely outside of nsave's control.

Step 3: Receive Stable Coin

Once your wallet is properly set up:

  1. In your nsave wallet dashboard, locate and copy your unique wallet address

  2. Share this address with the sender who will be transferring the stablecoin to you or use it on your cryptocurrency platform.

  3. Confirm with the sender that they are using the correct stablecoin and blockchain network

  4. Wait for the transaction to be confirmed on the blockchain (this may take several minutes depending on network conditions)

Step 4: Automatic Conversion to USD

Once the stablecoin funds are received in your wallet:

  • The stablecoin will be converted to USD

  • The USD amount will be credited to your nsave account balance

  • You'll receive a notification confirming the successful deposit

Common Questions

How long does it take for funds to appear in my nsave account?
After the blockchain transaction is confirmed, funds are typically credited to your account within minutes. During periods of high network congestion, this process may take longer.

Which stablecoins and chains does nsave support?
nsave currently supports USDC, USDT, DAI, USDP, PYUSD on chains such as Ethereum, Polygon, Base, Arbitrum, Avalanche, Optmism, Solana & Stellar

Need assistance? If you have any questions or need help with receiving stablecoin in your nsave account, please contact our support team via [support contact method].

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