Coins vs networks
Your balance is held per coin. A network only matters when crypto moves in or out of Peerlyx.
Coins
A coin is the asset you own, such as USDT or BTC. Your Peerlyx wallet shows one balance per coin. If you have 100 USDT, you have 100 USDT, however it arrived.
Networks
A network (or blockchain) is the road a coin travels on when it moves between wallets. Some coins can travel on more than one network. USDT, for example, exists on several networks, and each one has its own addresses and its own fees.
When networks matter on Peerlyx
- Inside Peerlyx, you don't choose a network. Trades and swaps move coins between Peerlyx balances, so the coin is all that counts.
- When you deposit, you pick the network you're sending on, and Peerlyx gives you an address for that network.
- When you withdraw, you pick the network the receiving wallet expects.
Why it's important
The same coin on two networks is like the same parcel sent through two different postal systems. If the sender and the receiver aren't using the same one, the parcel may never arrive. Sending on the wrong network, or sending a different token than the address expects, can mean losing the funds.
The habit to build
Every time crypto leaves or enters your wallet, check two things: the coin and the network. Both must match on the sending side and the receiving side.