Deposit and Withdraw

As a decentralized and self-custodial platform, Penals prioritizes the safety and security of users' funds. Penals ensures that users' assets are locked into smart contracts, eliminating the need for reliance on a centralized exchange where funds could be vulnerable to security risks. With Penals, traders have full control and ownership of their assets, as they are the only ones with access to their funds. We emphasize the importance of keeping your assets safe and taking necessary precautions to protect your account.

To begin trading perpetual contracts on Penals, you'll first need to deposit ETH into your Penals perpetual account. This process allows you to allocate funds for trading and leverage on the platform. Additionally, Penals provides the flexibility for users to withdraw their assets from their perpetual account at any time, giving you full control over your funds.

Before you can deposit and withdraw funds, it's essential to make the necessary preparations. This may include setting up your Penals account, completing any required verification processes, and ensuring that you have a secure wallet to store your assets. By taking these precautions and keeping your account and assets secure, you can confidently engage in trading perpetual contracts on Penals.

Penals is committed to providing a safe and user-friendly trading experience, empowering traders to participate in the exciting world of NFT derivatives while maintaining control and security over their funds.