After you've added a bank account to your SunCrypto account, the next step is to deposit funds to trade cryptocurrencies. This article will explain to you how to deposit INR on SunCrypto utilizing the Bank Transfer option, which initiates the payment within 2 hours. Follow the instructions given below.
Step 1: Open the suncrypto application and click on the INR Deposit option. Once you click the option you will find two ways by which you can deposit INR on SunCrypto. For Bank Transfer, click on the first option.
Step 2: After you click the Bank Transfer option, SunCrypto will ask you the amount you want to deposit on SunCrypto. So, fill in the amount and click on Submit. Once you submit the amount, you will be redirected to a new page where SunCrypto will show you the account number, account name, account type, and IFSC code, which will help you with depositing INR on SunCrypto.
In addition, you will also find 2 blank columns, Amount & UTR reference number, which are some of the most crucial things to successfully deposit INR on SunCrypto. We will talk about them in the last.
Step 3: Now, it's time to visit the mobile bank application whose account is already added to your SunCrypto account. For example, we are using the SBI bank application to deposit INR on SunCrypto. So, open the Yono SBI app click on Yono Pay, and then simply click on the Quick Transfer option.
Step 4: Once you click the Quick Transfer option, you have to choose the Other Bank option. Once you click on the other bank option, SBI will ask you about the receiver's account name, account number, IFSC code, and the amount you want to transfer from the SBI account.
Fill in all the information correctly and click on Next. After clicking, SBI will ask to re-verify all the credentials, once you proofread all the information, simply click on Next.
Step 5: After this, SBI will auto-detect an OTP sent to your registered mobile number. Once this is done, you will receive a message on the application that your funds transfer process is successfully initiated.
Step 6: Now comes one of the most important steps, earlier we told you about the two blank columns on the SunCrypto application, the Amount & UTR reference number. So, now you have to fill in those credentials otherwise your transaction will fail.
To know the UTR number of the transaction, go to the Yono SBI home page and click on the Accounts option. Once you click, you will see an option for Saving A/c, click that option.
Step 7: After clicking that, you will see the recent transaction history. So, see the recent transaction column, in which you will find a UTR number. Type this UTR number and the amount you transferred from your SBI account on the SunCrypto application. Fill in all the credentials and simply click on Submit Reference ID.
Step 8: Once you submit all the information, SunCrypto’s compliance team will check the transaction and once your transaction is checked you will receive a pop-up message from SunCrypto that your funds are successfully deposited in your SunCrypto account.
Once you deposit the funds on SunCrypto, it's time for you to go for your first trade. If you don’t know the process of how to trade on suncrypto, please use the link below to learn the process.
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