How do I deposit and withdraw in DeFi?
You do not need to deposit money into a separate account to transact in DeFi. When you buy on the DEX, the USDT in your Paribu balance is used; when you sell, the proceeds return to your Paribu balance as USDT. In other words, there is no separate deposit and withdrawal flow for DeFi.
How is the balance used in DeFi?
DEX transactions work directly with your Paribu balance. When you buy, the USDT in your Paribu balance is spent and the token you buy is reflected in your self-custody DeFi wallet. When you sell, this flow is reversed: the token leaves your wallet and the proceeds are added to your Paribu balance as USDT.
| Step | What happens |
|---|---|
| Buy | The USDT in your Paribu balance is spent, the token is reflected in your DeFi wallet |
| Sell | The token leaves your DeFi wallet, the proceeds return to your Paribu balance as USDT |
Note: You must have sufficient USDT in your Paribu balance to buy on the DEX. If your USDT balance is insufficient, you are directed to the USDT deposit flow from the transaction screen
Where is my amount held during the transaction?
While the transaction is in progress, the amount to be used is temporarily blocked in your Paribu balance to prevent the same balance from being used twice. You can see this amount in the Transfers row of the blocked balance detail of the relevant asset.
- When the transaction is complete, the block is released and the result is reflected in your balance
- If the transaction cannot be completed, the blocked amount returns to your available balance
For all reasons behind a blocked balance, see the What is blocked balance and why does it occur? article.
When is the amount reflected after a sale?
When you confirm the sale, the transaction on the blockchain takes place, but adding the USDT to your Paribu balance usually takes a few minutes. During this period the transaction appears in the Pending tab of the Transactions screen; it is not stuck. For details, see the How do I sell a token on a DEX? I sold, when will my money arrive? article.
Important information
- You do not need to open a separate account or make a manual transfer for DeFi
- DEX transactions always take place against USDT
- The amount to be used in the transaction is temporarily blocked in your Paribu balance
- Reflection in your balance after a sale can take a few minutes
- Transactions made on the blockchain cannot be reversed
Frequently asked questions
Do I need to load separate funds for the DEX?
No. You transact directly with the USDT in your Paribu balance; no separate account or manual transfer is required.
Can I take my money out whenever I want?
Yes. When you sell the token on the DEX, the proceeds return to your Paribu balance as USDT, and from there you can convert to TRY or withdraw.
Can I send assets to my DeFi wallet from outside?
Your DEX transactions run through your Paribu balance; you do not need to transfer to your DeFi wallet from an external wallet.
What does the "your funds are on hold for a moment" message mean?
Some of your balance reserved in a previous attempt has not been returned yet. This is not an error; the amount is refunded automatically and the estimated time is two minutes. When the refund is complete, you can continue with the Try again button on the screen.
Related articles
- Where and how do I access DeFi products? — DeFi product access and prerequisites
- How do I sell a token on a DEX? I sold, when will my money arrive? — Selling on a DEX and how long the amount takes to arrive
- What are the fees in DeFi products? (General summary) — Fee summary for DeFi products
- What is blocked balance and why does it occur? — What blocked balance is and why it occurs
Author:
Paribu