What is Multisend? How to use Multisend on Coin98 Exchange

What is Multi-Send? How to send tokens to multiple addresses in a single transaction with Multi-send feature on Coin98 Exchange.

support

Published Aug 19 2021

Updated Sep 19 2023

4 min read

With the strategy to make the TraFi (traditional finance) necessary services available in the DeFi space, Coin98 Exchange is built up as an All In One multichain DeFi platform. It offers swap, lend and borrow, farm, and a full of powerful DeFi toolkits that give users a comprehensive DeFi experience.

Be a part of Coin98 Exchange; Multi-send is a superb tool contributing to the flawlessness of the Coin98 ecosystem.

What is Multisend?

Multi-send is a tool that makes it easy for users to send tokens to multiple addresses simultaneously in just one single transaction. Currently, Coin98 Exchange supports the multi-send on Binance Smart Chain, Solana, Ethereum, Polygon, HECO Chain, Klaytn, GateChain, Celo, OKExChain, Tomochain, xDAI, Avalanche (C-chain), Fantom. This feature will soon be available on other blockchains.

Coin98 Exchange realizes users are struggling with many problems when it comes to DeFi. That's why we've incubated and developed Coin98 Terminals - a Powerful toolbox including Multi-Send, Token Issuers, Multi-Sign, and Wallet Approval, Solana Migration to connect users with the easy way to DeFi world.

Previously, Multi-send has been a feature on Coin98 Extension Wallet, and then it has been added on Coin98 Exchange as a particular tool to expand the options for users.

The ultimate of Multi send on Coin98 Exchange

Simplicity

Ease of use and intuitive user experience flows are two of the significant barriers to mainstream DeFi adoption.

DeFi has many such legos and a high speed of growth that even beginners or veterans find hard to adapt. Moreover, DeFi does not exist on one single blockchain; it expands its wealth on numerous blockchains. Hence, Coin98 Exchange envisions to become the optimal solution for DeFi services on multiple blockchain platforms.

Coin98 Exchange provides a user-friendly interface with plenty of valuable tools such as Multi-send, Token Issuers, and Multi-sig and Revoke are expectedly coming. Users don't need to look for an intermediary; carefully check their trust. From now on, you can access Coin98 Exchange and directly send tokens to the number of addresses you want.

You need to install Coin98 Extension Wallet, then experience the built-in multi-send feature on the wallet. Instead, you can also connect your wallet to Coin98 Exchange to use the advanced interface. Coin98 Exchange is here to help eliminate the tedious and burdensome process, replace them with simple steps that even beginner users can easily follow.

Convenience & time saving

If a user wants to send 10 C98 (BEP20) to address A, 30 C98 to address B, and 5 C98 to address C; they would need to do one transaction at a time and repeat that process. That is just an easy example; how about sending a token to 100 or 1000 addresses?

Coin98 Exchange's multi-send allows users to deploy the transaction in just one time with a flexible amount of tokens, which helps them save time, energy, and money.

Safety

As you might know, Coin98 Exchange's Multi-send is being audited by Slowmist; a top international company focused on blockchain ecological security. It served many global well-known projects such as Huobi, Binance, 1Inch, etc. Through this auditing procedure, we want to make sure trust, transparency, and safety for users.

In the meantime, users need to install the Coin98 Extension Wallet to enjoy the whole Coin98 ecosystem, including the multi-send feature. This wallet is non-custodial; users have complete control of their assets, no one can access your funds except you.

Coin98 Terminals will add more conducive features, especially the Revoke feature to revoke the apps you used to connect in the past and prevent them from harming your funds.

How to use Multi-Send on Coin98 Exchange

Please download and install Coin98 Extension Wallet before getting started; read this detailed instruction.

There are two ways for you to access Coin98 Exchange's Multi-send feature:

The first way: From Web Wallet, access the token you want to multi-send.

Click the Multi-send icon. The system will redirect you to the Multi-send interface on Coin98 Exchange.

The 2nd way: Visit this link directly https://terminals.coin98.com/multisend.

Step 2: Choose a wallet and a token you want to send bulk

Step 3:Enter the recipient's wallet addresses. There are 2 ways to do it:

Enter each wallet address manually (Recipient 1, 2, 3,...) and the corresponding deposit amount (Amount) in each box.

Select Import. Enter the amount of tokens/ coins following the syntax: wallet address?number,wallet address?amount

Eg: 0xbe80ceed72e1798c631fcd92f611367abd7f836f?0.5; 0x52c12e10f181f801324ed3c3cd6d17f58a93e6b8?1l 0x5a7b52cf2f59d072aa38dee1107612ad656e048e?0.75

To make the import process more convenient, Coin98 Exchange supports you to import data directly from Excel or Google Sheet files specifically as follows:

In the Excel or Google Sheet file, you create 2 columns next to each other: 1 column records the wallet address, 1 column records the number of tokens that the corresponding wallet will receive.

Copy those 2 columns and paste the data into Multisend interface, the system will automatically convert the format for you.

Note: Your 2 columns must be adjacent to each other, there must not be any columns in between even hidden, which will lead to wrong data copying.

Step 4: Click to Multi-Send and Confirm to complete.

About Coin98 Exchange

Coin98 Exchange is an all-in-one DeFi platform that offers many services on multiple blockchains. It allows users to swap, stake, lend, borrow, earn crypto, and access a variety of DeFi services in one place, at ease. Coin98 Exchange aims to be the gateway from Traditional Finance (TradFi) to Decentralized Finance (DeFi).

Coin98 Products:

Learn about Coin98: