Christmas is a special time with both an atmosphere of excitement and anxiety. All because of the amount of work needed to organize the entire event. Of course, this situation also affects our household budget. How much of an improvement in such a case is the ability to make instant money transfers between family members or friends? And this regardless of location?

Thus, the need to worry about the incoming and outgoing sessions in effect at individual traditional banks disappears. Importantly, these also function for remittance companies.

Internal transfer – what does it consist of?

Internal transfer is a special type of withdrawal. With it, a given Kanga Exchange user holding funds on the Kanga Exchange can send another user funds from the pool of held cryptocurrencies. The transaction takes place instantly (it is not handled by the blockchain, and is carried out by the exchange) and is completely free! 

It is worth mentioning that the transfer can be sent to a person without an account. After adding her email address, the system will automatically produce an assigned one. When the user receives an email informing him of the transfer order, he must agree to receive the funds by clicking on the button attached in the email. Voila!

To access the exchange tools, you can:

– log in to your Kanga Exchange account from your browser;

– install the dedicated Kanga Wallet app, which is a mobile stock market wallet.

What is the procedure for making an internal transfer?

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What is the procedure for making an internal transfer?

For the browser version, the process of making an internal transfer is as follows:

1. We log in to our Kanga Exchange account

2. We go to the “Wallet” section

3. On the left side of the interface we click on “Withdrawal”

4. We choose which cryptocurrency we own we want to transfer

5. In the “Internal transfer” section that appears, we enter the email address of the recipient of the transfer and its amount

6. After clicking the “Next” button, a modal window with a summary of the transaction will appear. When everything is correct, we click “Next” again

7. We receive an email with a link. Clicking on it will confirm the transfer order

The procedure for Kanga Wallet is almost identical:

1. We log into the app on the phone

2. In the “Wallet” section, we click on “WITHDRAWAL.” 

3. The app separates the cryptocurrencies held into “MAIN CURRENCIES” and “PERSONAL TOKENS”, while the browser version collects them into one pool

4. After selecting the asset to transfer, we go to the “KANGA EXCHANGE” tab

5. We enter the data for the transaction, i.e. again the e-mail address of the recipient and the amount of the withdrawal

6. In the modal window after checking the details again, we click on the “SEND” button

7. We confirm the transfer order in the received email containing the link

And there you have it! It’s not hard to imagine a situation where such a solution makes it easier to function during such a busy holiday season. Especially since internal transfers are carried out instantly, 24 hours, 7 days a week. We are talking about both domestic and international transactions. Sending funds via banks or online money orders involves a certain waiting time and, even worse, fees – these are determined, among other things, by the prevailing exchange rates.