Deposits and Withdrawals

How to receive cryptocurrency at TYR Markets

1. Log in to your account • Go to Deposits & Withdrawals in the menu.
2. Select "Deposit" • Choose which cryptocurrency you want to deposit (e.g. BTC, ETH or SOL).
3. Copy your deposit address • The system generates a unique wallet address or QR code for the selected currency. • You can use the same wallet address for future deposits. • Remember: each currency has its own address and network (e.g. ETH must be sent on the Ethereum network and BTC on the Bitcoin network).
4. Send from your external wallet or exchange • Paste TYR Markets' wallet address in the withdrawal/transfer field where you're sending from. • Double-check that you select the correct network - wrong network can lead to loss of funds.
5. Blockchain confirmations • The transfer will first appear as "pending". • The transaction is then verified on the blockchain. The time it takes depends on the currency/network: For example, it takes about 6 confirmations. • As an example, it takes about 5 seconds for transfer usually under 15 minutes.
6. Funds ready for trading • When the necessary number of blockchain confirmations is completed, the funds become available for trading.

How to withdraw cryptocurrency from TYR Markets

1. Log in to your account • Go to Deposits & Withdrawals in the menu.
2. Select "Withdrawal" • Choose which cryptocurrency you want to withdraw (e.g. BTC, ETH or SOL).
3. Add or select recipient address • To add a new recipient address, you must have 2FA (two-factor authentication) activated. • Once the address is saved, you can select it directly from the list for future withdrawals. • Always double-check that the address and network match the currency you're sending.
4. Enter amount • Specify how much you want to withdraw. • The system shows any minimum limits and the network fee (gas fee).
5. Confirm withdrawal with 2FA • All withdrawals must be confirmed with a 2FA code from your authentication app (e.g. Google Authenticator).
6. Blockchain confirmations • The withdrawal is first marked as "pending". • When the transaction is sent to the blockchain, you receive a TX hash as receipt. • Time varies by currency/network and traffic load.
7. Funds available at recipient • When the necessary number of blockchain confirmations is completed, the funds become visible in the recipient's wallet.

How to deposit Norwegian kroner (NOK) at TYR Markets

1. Log in to your account • Go to Deposits & Withdrawals in the menu.
2. Select "Deposit NOK" • Choose Norwegian kroner (NOK) as deposit currency.
3. Get account information • You'll see TYR Markets' Norwegian bank account number via our partner ESPOS Norge AS (e-money institution). • You'll also get a unique KID number. This is personal and must always be used for deposits.
4. Complete payment in your online banking • Log in to your online banking and create a regular bank transfer. • Enter the account number as recipient and mark the payment with your KID number. • Note: The recipient will show as ESPOS Norge AS (not TYR Markets).
5. Wait for confirmation • The transfer usually takes the same day or next business day, depending on the bank's processing time.
6. Funds ready for trading • When the deposit is received and confirmed by ESPOS Norge AS, your NOK balance is updated at TYR Markets and ready for trading.

How to withdraw Norwegian kroner (NOK) from TYR Markets

1. Log in to your account • Go to Deposits & Withdrawals in the menu.
2. Select "Withdrawal NOK" • Choose Norwegian kroner (NOK) as withdrawal currency.
3. Select bank account • You can only withdraw to the same account you previously used for deposits. • This is for security reasons and to prevent money laundering.
4. Enter amount and confirm with Google 2FA • Enter how much you want to withdraw. • Confirm the withdrawal with Google 2FA (Google Authenticator). • Google 2FA is required for all withdrawals.
5. Processing the withdrawal • The withdrawal is now sent to our e-money partner ESPOS Norge AS, which handles all transfers and storage of FIAT. • The payer will therefore show as ESPOS Norge AS (not TYR Markets) on your bank statement.
6. Funds in account • Norwegian bank transfers usually take 1-2 business days, depending on the bank's processing time.

What is Espos?

What is Fireblocks?

Fireblocks is a leading global platform for secure storage and transfer of digital currencies. It is used by banks, exchanges and institutional actors worldwide. Fireblocks uses MPC technology (Multiparty Computation), which allows cryptocurrency to be stored and managed without private keys existing in a single location. This provides maximum security and protects against hacking, insider threats and internal threats.

What is "gas fee"?

"Gas fees" (often just called "gas") is a term used in the cryptocurrency world, particularly on blockchains like Ethereum. It's the cost you must pay to execute a transaction or run a smart contract on the blockchain.