The Main Wallet on Feo is your primary funding wallet, designed to hold and manage your cryptocurrency deposits. It acts as a gateway for funding other wallets within your Feo account, such as the Spot Wallet, and enables transactions using FeoPay. Think of it as a secure vault where your funds are stored before being used for trading, payments, or withdrawals.

Key Features of the Main Wallet

• Funding & Deposits You can deposit cryptocurrencies directly into your Main Wallet from external wallets or exchanges. Once deposited, funds remain securely stored until you transfer them for trading or spending.

• Transfers to the Spot Wallet The Spot Wallet is used for buying and selling crypto on Feo’s exchange. To trade, you need to transfer funds from the Main Wallet to the Spot Wallet. This is an internal transfer and happens instantly.

• FeoPay Transactions Funds in the Main Wallet can be used for FeoPay, Feo’s payment service that allows fast and secure crypto transactions. You can use FeoPay to send funds to other users on Feo.

• Withdrawals If you want to withdraw crypto to an external wallet, you can do so from the Main Wallet. Withdrawals require network confirmation and may be subject to security verifications.

Main Wallet vs. Spot Wallet

Additional Insights

A multi-wallet system to separate funding from trading activities enhances security, prevents unintended trades, and provides users with better control over their funds. Internal transfers between wallets inside Feo are instant and free of blockchain network fees.

Withdrawals from the Main Wallet to external addresses are subject to network fees, which depend on the specific blockchain's conditions. Deposits to the Main Wallet may also incur blockchain network fees, depending on the asset.