Solflare now allows its users to access and manage centralized finance (CeFi) and decentralized finance (DeFi) accounts on its platform with the recent FTX integration.
Solflare users now connect their FTX.Com and FTX. US accounts on their Solflare Wallet accounts.
In order to provide users with a seamless experience, Web2 and Web3 have been combined under one roof.
Table of Contents:
The advantages of FTX integration with Solflare
- Reflection of the FTX account balance in the Solflare user interface
- Any Solana Program Library (SPL) token on your FTX account will appear in Solflare Wallet
- Easy transfer of funds between FTX and Solflare instantly
- Easier exchange
- Improved Solana dApps experience with FTX ecosystem
- Less fees: you just have to pay the network fee, no withdrawal fees
To experience the benefits of FTX integration with Solflare, you need to link your FTX account with Solflare Wallet.
In this article, you will learn how to link YOUR FTX account to Solflare Wallet and transfer cryptocurrencies instantly.
How to connect FTX to Solflare Wallet
To link your FTX account to Solflare, you need to click on “Profile Icon” in the upper left corner of the Solflare Wallet extension.
Then, click “Import a new wallet” followed by “Connect FTX Account“.
Log in to your FTX account and authorize the connection.
Remember, you cannot your FTX account at Solflare if you have not completed the FTX KYC verification process.
Once the connection is established, you can manage your FTX and Solflare Wallet account balances under one roof.
In addition, you can experience the instant transfer of cryptocurrencies between FTX and Solflare with almost no fees.
Steps to connect FTX to Solflare Wallet
1. Install Solflare Wallet
If you have already installed Solflare Wallet, you can skip this step.
Solflare is one of the native Solana wallets on the Solana blockchain.
Solflare Wallet allows users to send, receive, and store SPL tokens. It also acts as a gateway to access Solana dApps.
The first step is to download Solflare Wallet.
After downloading Solflare, you need to create and configure your account.
The account setup process includes creating a password and storing the 12/24-word recovery phrase.
2. Click on “Import a new wallet“
Open the Solflare Wallet extension and enter your password to unlock it.
You will now land on the dashboard of your Solflare account.
You have to click on the “Profile” icon at the top left corner of the wallet extension.
By clicking on the Profile icon, you can see two options: Add a new account and Import a new wallet.
Click Import a new wallet.
3. Click “Link FTX Account“
After clicking import a new wallet, you will be able to see three options: Import ledger wallet, Import Keystone wallet, and Connect FTX account.
You need to know what to click on. Click “Connect FTX Account”.
Solflare supports both ftx.com and ftx.us accounts. Select the one you want to connect with.
4. Authorize the connection
After selecting your international or US FTX account, you need to enter your credentials to log in.
You can also sign in with Gmail or Apple accounts.
After successfully logging into your FTX account, a “Connect to Solflare” pop-up will appear.
This is nothing more than asking for permission. By authorizing this connection, you will allow Solflare to trade and withdraw from your FTX account.
Click “AUTHORIZE“.
After that, if you have a secondary FTX account, you can also select and import it.
Otherwise, click “Continue“.
That’s all. You have successfully linked your FTX account to Solflare Wallet.
To switch between FTX and Solflare accounts, you need to click on the “Profile” icon.
5. Transfer of funds between FTX and Solflare
Once you’ve established the connection between Solflare and FTX accounts, you’re ready to transfer funds instantly whenever you need them.
To instantly transfer cryptocurrencies from FTX to Solflare, you need to switch to the FTX account in the Solflare wallet by clicking on the “Profile” icon.
Then, click “Submit“.
Now, you need to enter the amount of SOL to send and select your Solflare account by clicking on the “Recipient Address” drop-down menu.
Then, click “Submit” again.
Now, you need to confirm the transaction by entering the 2FA code and FTX withdrawal password.
To instantly transfer cryptocurrencies from Solflare to FTX, you need to switch to your Solflare account in your Solflare wallet by clicking on the “Profile” icon.
Then, click “Submit”
Now, you need to enter the amount of SOL to send and select your FTX account by clicking on the “Recipient Address” drop-down menu.
Then, click “Submit” again.
With FTX integration with Solflare, simply pay the network tariff (0.000005 SOL).
conclusion
To experience the benefits of FTX integration with Solflare, you need to link FTX to your Solflare Wallet account.
Once you have established a connection between FTX and Solflare accounts, you could enjoy the benefits of faster and seamless transfers of cryptocurrencies and swaps. You can also interact with Solana dApps like never before.
At the time of writing this article, you cannot connect FTX with your Solflare account using the Solflare mobile application.
