When conducting digital asset deposit/withdrawal operations on JPMorgan JPMS, you must select a blockchain network that is supported and fully consistent by both the sender and the receiver. Mismatched networks will directly result in assets failing to be credited, permanently lost and unrecoverable.
In simple terms: Choose highways for cars, railways for trains, and waterways for ships. The travel method must match the route to reach the destination smoothly, and the same applies to selecting networks for digital asset deposits and withdrawals.
I. How to Choose the Correct Network?
Here, we take USDT, the most commonly used digital asset in the industry, as an example for deposits and withdrawals. The core selection principles must be strictly followed: the deposit network and withdrawal network must be completely unified, and both the sender and receiver platforms/wallets must support the network protocol.
For example, if you select USDT-Ethereum (ERC20) as the deposit network on the receiving end (JPMorgan JPMS), the sender must select the USDT-Ethereum (ERC20) network synchronously when withdrawing. Mismatched network protocols will directly lead to asset loss, which cannot be recovered through manual operations.
After selecting the corresponding currency, if a certain network option is not displayed on the page, it means the exchange does not currently support deposit/withdrawal services for this currency on that network. Do not use addresses from unsupported external networks for operations.
II. Deposit Operation Demonstration
Open the JPMorgan JPMS exchange, enter 【Wallet】 and click 【Deposit】, then select the asset currency to be deposited. Taking the USDT deposit network selection as an example:
The mainstream USDT networks supported by the platform currently include: Tron (TRC20), Ethereum (ERC20), etc.
You can choose any one according to your needs. Different blockchain networks have obvious differences in processing efficiency, transaction fees, security, and applicable scenarios:
USDT-Tron (TRC20): Fast block confirmation speed, extremely low or even free miner fees, short transfer time. It is suitable for small-amount, high-frequency deposit and withdrawal operations, and is the first choice for daily small-sum fund transfers;
USDT-Ethereum (ERC20): Higher network decentralization, stronger on-chain security and stability, but higher miner fees and relatively slow block confirmation speed. It is suitable for large-amount asset deposits and withdrawals, as well as scenarios with higher requirements for asset security.
After selecting the deposit network, directly copy the exclusive deposit address generated by JPMorgan JPMS; log in to other exchanges or wallets, enter the 【Withdrawal】 interface, paste the copied deposit address into the corresponding field, verify that the currency, network, quantity and other information are correct, submit the application, and wait for block confirmation to complete the deposit operation.
III. Frequently Asked Questions
Why can’t I use the BSC (BEP20) network to deposit/withdraw USDT?
The platform currently does not support deposit and withdrawal operations of USDT and other digital assets on the BNB Smart Chain (BSC/BEP20) network. (BEP20, BSC, Binance Smart Chain) are all common aliases for this network. Such networks are not supported by the platform. Do not select this network for operations to avoid asset loss due to network incompatibility.
At the same time, please reconfirm before withdrawal: the receiving platform or wallet also supports the network protocol you selected, to prevent transfer failure caused by only one party supporting the network.
How to confirm that the correct network is used?
Before withdrawal and transfer, you can verify through three steps to ensure the correct network selection:
① Check the network name: Confirm that the full name of the chain-type network displayed by both deposit and withdrawal platforms is completely consistent (e.g., both are TRC20, both are ERC20, no cross-mixing is allowed);
② Verify the contract address: The token contract address of the same currency on the same blockchain network is unique. Confirm that the token contract addresses of both deposit and withdrawal parties are completely matched;
③ Confirm the service status: Check in advance that both deposit and withdrawal parties normally open deposit/withdrawal services for this network, with no system maintenance, permission restrictions, etc.
Failure to meet any of the above conditions may result in funds failing to be credited, delayed arrival, or permanent loss.