Deposit & Withdrawals

Bullbit uses a dual-account system: Bullbit Smart Wallet t (for holding/spot trading) and Perpetual Balance (for futures).

Deposit Process (Funds arrive in Bullbit Smart Wallet t)

1. Connect Wallet: Connect your Web3 wallet or login via SmartWallet.

2. Select Asset: Navigate to "Deposit", choose the token (USDC) and amount.

3. Approve: Confirm the transaction. Funds appear in your Spot Account.

   1. For SmartWallet: If this is the first deposit, the system bundles the "Deploy Contract" transaction with the "Deposit" transaction (Piggyback), ensuring the account is initialized on-chain.

How to Trade Perps (Funding the Perp Account)

1. Internal Transfer: Select "Transfer" on the UI.

2. Move Funds: From Bullbit Smart Wallet -> Perpetual Balance.

3. Confirm: The transfer is instant and free of charge.

Withdrawal Process

1. Close Positions: Ensure you have free margin.

2. Transfer Back: Move funds from Perpetual Balance. -> Bullbit Smart Wallet

3. Withdraw: Navigate to "Withdraw", enter your external wallet address, and confirm.