How to Make a Deposit on Rolla: A Step-by-Step Guide

Rolla, a next-gen retail-focused DeFi trading app, offers a seamless process for depositing funds to start trading. This guide provides a detailed walkthrough on how to make a deposit on Rolla, utilizing its smart contract wallets for secure transactions.

Step 1: Click the Deposit Function

- Locating the Deposit Button: Start by logging into your Rolla account. Look for the 'Deposit' button, conveniently located in the top right corner of the interface and click on it.

Step 2: Choosing a Deposit Method

- Using the Fiat Onramp: Rolla simplifies the process of buying USDC on the Polygon network. Within the deposit modal, you'll find options to purchase USDC using a bank transfer, credit card, and other fiat payment methods. This feature is particularly useful for those looking to convert fiat currency directly into crypto assets.

Step 4: Transferring Funds to Your Smart Contract Wallet

- Copying Your Unique Smart Contract Address: Below the fiat onramp option in the deposit modal, you can find and copy the smart contract wallet address generated specifically for your account.
- Sending Funds from MetaMask or an Exchange: Transfer USDC to this address from your MetaMask wallet or any exchange, ensuring that the funds are on the Polygon network. It's crucial to use the correct address and network to avoid any transaction issues.

Step 5: Confirmation and Notification

- Receiving Onsite Confirmation: Once Rolla detects the deposit in your smart contract wallet, you will receive an onsite toast notification. This alert confirms that your funds have been successfully received and are ready for use.

Step 6: Start Trading

- Engaging in Trading Activities: With your account funded, you are now set to explore and engage in the various trading activities available on Rolla.

Important Considerations

- Network Compatibility: Ensure that the USDC you are sending is on the Polygon network to ensure compatibility and successful deposit.
- Deposit Limits and Times: Familiarize yourself with any deposit limits or processing times that may apply.
- Security Practices: Always double-check the wallet address before sending funds and follow recommended security practices for cryptocurrency transactions.

Conclusion

Making a deposit on Rolla is a straightforward process, designed to cater to both crypto novices and experienced traders. By following these steps, users can efficiently fund their accounts using the smart contract wallet system, enabling a secure and smooth entry into the world of DeFi trading with Rolla.

Updated on: 06/12/2023