Tutorials: How to send and receive a Token

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First of all, download and install the Waves Lite Client.

After you have done so, create a new or import an existing account and find your address at the top of the Lite Client interface.

Remember that sending a token costs you 0.001 WAVES in transaction fees. You can get some from the Wavesdrop faucet or buy WAVES with Bitcoin from an exchange. Alternatively, you can buy WAVES at a premium directly with a credit card in the Waves Lite Client.

How to send a Token

Go to the Portfolio tab in the Lite Client.

How to send a token.PNG

Click on the button Transfer which is highlighted in the screenshot above.

The following pop-up shows:

How to send a token pop-up.PNG

Recipient's Address: Enter the Waves address of the recipient.
Amount: Define the number of the token you want to send.
Attachment: Optional. You can write a message for the recipient in the Attachment field. Note: Some exchanges require users to include an attachment when depositing a token, otherwise they cannot credit your account.
Fee: Amount of WAVES you pay as transaction fee. For a casual token transfer, the standard transaction fee is 0.001 WAVES which is deducted from your account separately.

After you have entered all necessary information, click on Transfer and the transaction is sent to the network. It takes at maximum 60 seconds to confirm and arrive in the recipient's account. During that time, the transaction is blinking in the transaction list and as soon as it has confirmed it stops blinking.

How to receive a Token

Think of the Waves address as a multi-wallet. It, obviously, supports WAVES and also any other token existing on the Waves blockchain. Whenever you want to receive a token, simply hand your personal Waves address to the sender and he is able to execute the transaction.

Feel free to test it out using the Wavesdrop Fortunetoken faucet. Just enter your Waves address, complete the captcha and click on Get Tokens!.