Step 2: Teleport
Last updated
Last updated
Select "Teleport" on the navigation bar at the top, and choose the token you would like to PG.
Zap in Asset
Type in the amount of the native token you would like to convert. Approve the token and wrap it into kycToken, following the pop-up window from the wallet. After you have finished, the new balance can be checked on the dashboard.
Deposit wrapped kycToken into Portal Gate and ensure you save your deposit note.
Choose the wrapped kycToken to be PGed with the amount. Connect your wallet and proceed with the deposit. Once it is done, the balance will change accordingly.
Note: Please make sure to back up your private note as it is NOT automatically saved for you.
Connect withdrawal wallet - ensure it's a different wallet from your deposit wallet. Verify your withdrawal wallet through our zero-knowledge compliance oracle.
Upload deposit note as proof of deposit ownership to withdraw into withdrawal wallet.
In this process, Relayers ensure that the withdrawal is completely obscured from all third parties. After a user grants permission for Relayer to withdraw, the Relayer will process the withdrawal and receive a service fee from the user separately. By paying gas fees on behalf of the withdrawal initiator, the designated Relayer selected by a user can efficiently eliminate the risk of identity leakage as a result of pre-funding for gas. Relayer, PGRouter and withdrawal address will be shown in the transaction history, while the deposit account is retained.
Your private note also provides you access to a compliance report for any regulatory needs.
The report provides the deposit and withdrawal wallets that are linked to that private note. Anyone can verify the data provided in the compliance report by uploading the private note and generating the report themselves.
This is particularly useful for individuals & institutions who need a paper trail of their assets to show external parties such as auditors, local authorities & regulators.
Voila! You have just broken the link between your wallets whilst being compliant and maintaining your ID privacy.
Portal Gate has an easy-to-use yet effective process. Simply KYC and teleport, and your funds are transferred anonymously.
A step-by-step tutorial video is also available on YouTube.
