Internal Transfer - Send to Vessel's User

Internal transfer offers a secure and efficient method to transfer assets between registered Vessel users within Vessel Finance. Several key advantages are:

• Lower Fees: Reduced transaction costs compared to external transfers.

• Faster Speed: Near-instant settlement between accounts.

Prerequisites

Before initiating an internal transfer, please ensure:

• Both sender and recipient must have completed on-chain registration in Vessel Finance.

• Sending must have a sufficient balance in the Vessel account.

• Must have a valid recipient address.

On-Chain Registration

Option 1: Register Vessel on the First Deposit (Recommended)

This method combines registration with your first Vessel deposit transaction, saving gas fees.

• Click the "Deposit" button anywhere on Vessel.

• Complete your first deposit by following the instructions in the Deposit Guide, which will automatically include your On-Chain Registration.

Option 2: Register via Account Settings

• Move your mouse to the account information in the top-right corner of the screen and select "Register On-Chain".

• Click "Sign in Wallet" to start the On-Chain Registration process.

• Confirm the transaction within your wallet.

• On-chain registration typically takes about 3 minutes for blockchain confirmation. You will receive a notification once registration is successful.

Note: On-Chain Registration is required only once per account, and once completed, you may fully access Vessel’s features.

Internal Transfer

Send an Internal Transfer

• Go to the Portfolio section and Click "Send"

• Select the asset you want to send.

• Enter the recipient’s wallet address. Note: The recipient must complete their On-Chain Registration to receive the transfer.

• Specify the amount to send.

• Carefully review the transfer details, including the recipient’s address and token amount.

• Confirm the transfer message in your wallet. You will receive a notification once it’s successful. Note: Once the send transaction is confirmed in your wallet, it cannot be canceled.

View the history of Internal Transfer

• Navigate through a complete record of all transaction types in the Portfolio - History section.

• Select Internal to view only your internal transfer history.

• Each record entry will indicate whether it’s “Send” or “Receive,” along with the date, recipient/sender address, token type, and amount.

• Use filters to sort your history by transfer date, token name, or type, allowing easy access to specific records.