What is Qredo?
Partnered with MetaMask, Qredo is a promising new project working to build the digital asset economy of the future. The Qredo network is a ‘radical new infrastructure’ to improve interoperability among blockchains, speed of settlements, and decentralized custody.
QRDO is an ERC20 token that has a unique focus on user-centric tokenomics. This Layer 2 solution combines both utility and governance tokens to reward all network participants.
For more information on Qredo, you can visit their official website here.
You also can read more about Qredo on the official CoinMetro blog here!
How to buy or sell QRDO on CoinMetro
In order to buy or sell QRDO, this will need to be done via the CoinMetro Exchange Platform by placing a limit order. Unfortunately, Market orders & swaps for QRDO are not currently available but will be enabled in the near future. We will also be looking to support additional fiat pairs such as EUR based on demand!
You can find all information on getting started with the Exchange Platform here.
You can find all information on placing a Limit Order here.
How to deposit QRDO
If you would like to deposit QRDO to CoinMetro, you can find all information on how to do this in our handy Help Center article How do I deposit cryptocurrencies into my CoinMetro account?
Note: As CoinMetro uses smart contracts for Ethereum and ERC-20 token deposits, the amount of gas required is slightly higher than a typical transfer. To be sure that your transaction is successful, please set the transaction gas limit to 55,000 for ETH. The fee difference is minimal. If your gas limit is too low, the transaction will simply be rejected by the Ethereum network. There is no risk for loss of assets caused by a too low gas limit.
If you're depositing from another exchange, it is important to ensure they support sending funds to ETH contracts, or use a full ETH wallet as an intermediary.
How to withdraw QRDO
If you would like to withdraw QRDO from your CoinMetro account, you can find all information on how to do this in our handy Help Centre Article How do I withdraw cryptocurrencies from my CoinMetro account?
Important Note - To request a withdrawal, your account profile needs to be verified as well as having the funds to cover your withdrawal. The first time a withdrawal is made to a destination, the destination needs to be verified via e-mail. If you have 2-Factor Authentication enabled for withdrawals, you will be asked to input the code for each withdrawal, approved or not. We suggest enabling 2-Factor Authentication to protect your account.
Withdrawals waiting for approval can be cancelled and withdrawal status can be found by selecting the wallet on the GO! Dashboard. Approved withdrawals cannot be cancelled. If there is no Cancel button, there should be a transaction ID (TXID). This is a link to the relevant tx hash (Transaction Hash) on a blockchain explorer website.
If you are withdrawing to an external wallet such as MetaMask, please ensure that you have added QRDO as a custom token on the wallet.