How do I move my Stable Balance funds from one federation to another?

If you’ve joined a new federation and want to transfer your existing Stable Balance funds to it, follow these steps:

Step 1:  Withdraw from your current federation's Stable Balance.

1. On the Home tab, tap Withdraw on your USD (or other display currency) Stable Balance.

2. Enter the amount you want to transfer (denominated in fiat) and tap Continue.

3. On the next screen, tap Withdraw to confirm the transaction and then tap Okay.

Note – Withdrawals from Stable Balance may take up to 10 minutes, after which point the sats will be returned to your Bitcoin balance. You can check the status in your transaction history.

Step 2:  Join the new federation.

1. Tap the Scan tab to open the camera omni-scanner.
2. Scan or paste the invitation code of the federation you would like to join and tap Continue.
3. On the next screen, review the welcome message and then tap Join Federation.

Note – If the new federation has terms of service, you should review them at the link on the Welcome screen. You will then see the option to tap I accept vs Join Federation.

Step 3:  Send funds to the new federation.

1. From the Home screen of the new federation, tap Receive on your Bitcoin balance.
2. Enter the amount you would like to receive (in sats or fiat) from the original federation.
   • Ensure the requested amount does not exceed the Bitcoin balance in the original federation.
3. If you’d like, you can add a note to the transaction. When done, tap Request X SATS.
4. You will then see a Lightning invoice QR code. Tap Copy and then tap the X at the top right.
5. Next, tap Scan at the bottom right and Paste the Lightning invoice address. Tap Continue.
6. On the next screen, select the original federation from the drop-down menu at the top.
7. Here you can add a note to and review the details of the transaction. Once satisfied, tap Send.

Note – If attempting to send your entire balance, the amount able to be sent will be less than the balance shown due to fees. You should account for this when creating the Lightning invoice.

Step 4:  Deposit funds into your new federation’s Stable Balance.

1. On the Home tab, tap Deposit on your USD (or other display currency) Stable Balance.
2. Enter the amount you want to deposit (denominated in fiat) and tap Continue.
3. Review the details and fees on the next screen and then tap Deposit followed by Okay.

Note – Deposits to Stable Balance may take up to 10 minutes to complete. You can check the status of the deposit in your transaction history.