Transferring Digital Assets

Learn how to safely send and receive tokens and NFTs

Transferring Digital Assets

Moving digital assets between wallets is a fundamental skill in Web3. This guide covers how to safely transfer tokens and NFTs while avoiding common mistakes.

Before You Transfer

Essential Checks

1. Wallet Preparation

   • Sufficient funds for gas ($ETH for Base Network)
   • Correct network selected
   • Wallet connected properly
   • Assets visible in wallet

2. Address Verification

   • Double-check recipient address
   • Verify network compatibility
   • Ensure asset support
   • Test with small amounts first

Transfers are irreversible. Always verify addresses carefully - wrong addresses mean permanent loss.

Types of Transfers

1. Token Transfers (ERC20)

For cryptocurrencies and utility tokens:

Steps:

1. Select token to send
2. Enter recipient address
3. Specify amount
4. Review gas fees
5. Confirm transaction

2. NFT Transfers (ERC1155)

For digital collectibles and NFTs:

Steps:

1. Select NFT to transfer
2. Enter recipient address
3. Choose quantity (if multiple)
4. Review gas fees
5. Confirm transaction

Transfer Methods on TokenFabric

Direct Transfer

Best for single transfers:

1. Connect to your wallet on tokenfabric.xyz & clic “Send”
2. Select asset to transfer & receiver wallet address & amount
3. Click “Transfer”
4. Complete transaction details

Batch Transfer

For multiple transfers:

1. Navigate to token details page
2. Choose “Transfer Asset”
3. Enter recipient wallet address & amount
4. Click ”+ Add Recipient” to add more receiver addresses
5. Review all transfers
6. Confirm once

Batch transfers can save on gas fees when sending multiple assets.

Safety Best Practices

Before Sending

1. Address Verification

   • Use address book
   • Send test amounts
   • Check network
   • Verify token contract

2. Amount Confirmation

   • Check decimal places
   • Verify total value
   • Consider gas fees
   • Review final amount

Common Transfer Issues

Transaction Pending

Solutions:

• Check gas price
• Verify network status
• Wait for confirmation
• Speed up if needed

Asset Not Received

Check these points:

• Correct network
• Transaction status
• Asset visibility
• Contract address

Insufficient Funds

Remember to:

• Check token balance
• Verify gas balance
• Account for fees
• Consider network

Network Considerations

Supported Networks

TokenFabric supports transfers on:

• Base Network (recommended)
• Ethereum
• Other supported EVM chains

Network Selection

Choose based on:

• Gas fees
• Transfer speed
• Security needs
• Recipient network

Transfer Tracking

Monitoring Transactions

1. During Transfer

   • Transaction hash
   • Status updates
   • Gas usage
   • Confirmation count

2. After Transfer

   • Save transaction details
   • Verify receipt
   • Check balances
   • Document transfer

Advanced Features

Address Book

• Save frequent addresses
• Label wallets
• Quick selection
• Reduce errors

Transaction History

• View past transfers
• Export records
• Track activity
• Monitor patterns

Next Steps

Continue your learning:

1. Learn about swapping tokens →
2. Understand bridging networks →
3. Explore token creation →

Need Transfer Support?

Our Discord community can help with transfer questions and issues.

Quick Reference

Transfer Checklist

• Verify recipient address
• Check network compatibility
• Confirm asset and amount
• Ensure sufficient gas
• Review transaction details
• Monitor confirmation
• Verify receipt

Keep this checklist handy for all transfers until you’re comfortable with the process.