How to make a transfer

How to make a transfer

Transactions in the UMI network are commission-free and instant - this is one of the main advantages and features of the network.

To make a transfer, select a merchant or staking address and click “Send”.

Then specify the recipient's address and the amount you wish to transfer. Please note that transfer/withdrawal from a stocking address is subject to restrictions.

• On a monthly basis, you can withdraw 1/10th of the total amount of coins in the staking including the accrued reward. The mechanism does not allow to withdraw the whole amount from the staking at one moment, thus increasing the value of the whole UMI coin and protecting from speculation on the market. At the same time, staking allows each user to receive stable rewards in the long term and use the coins for any purpose.

• Withdrawal and input of coins into staking can be done at any time, even every second.

• The amount available for withdrawal is updated not once a month, but in real time.

That is, you can withdraw coins even once a minute, but no more than 10% of the total balance per month.

Transfers from trading addresses are carried out without restrictions.

When selecting the amount, you can also specify “maximum” - you will see the amount available for transfer. Then you will need to confirm the operation.