Move your USDC from a CEX to a non-custodial wallet.

Moving Funds (USDC) from a Centralized Exchange to a Non-Custodial Wallet on the Arbitrum Network

Transferring your USDC from a centralized exchange to a non-custodial wallet on the Arbitrum network is a pivotal step towards making your crypto assets ready for use with Alfred. This guide will walk you through the process in a clear and user-friendly manner. Before following the given steps, make sure that your non-custodial wallet is configured for Arbitrum. Read: How to configure Metamask wallet for Arbitrum.

Step 1: Withdrawing USDC from the Centralized Exchange

• Log In to the Exchange: Access your account on the centralized exchange where your USDC is held.

• Navigate to the Withdrawal Page: Find the ‘Withdraw’ or ‘Send’ option in your account dashboard.

Step 2: Selecting the Coin and Mode of Transfer

• Select USDC: Choose USDC as the currency you wish to withdraw.

• Mode Selection: After selecting USDC, you will be prompted to select the mode of withdrawal. Select Send via Crypto Network.

Step 3: Details of Transfer

• Enter Withdrawal Address: Copy your non-custodial wallet address from MetaMask and paste it into the withdrawal address field on the exchange. Ensure the address is correct to avoid losing funds.

• Select the Network: From the network dropdown, select Arbitrum One.

• Enter the withdrawal amount: Enter the amount of USDC that you would like to withraw from the CEX.

• Click on Withdraw.

Step 4: Verifying the Transfer

• Check Your Wallet: Once the transaction is complete, open your MetaMask wallet. You should see your USDC balance reflecting the transferred amount.

• Add USDC to MetaMask: If USDC doesn’t automatically show up in your wallet, you may need to add it manually. Find the 'Add Token' option in MetaMask, search for USDC, and confirm. Read here for detailed steps.

By following these steps, you can successfully move your USDC to a non-custodial wallet on the Arbitrum network. Happy Investing!