> For the complete documentation index, see [llms.txt](https://guide-v1.elyfi.world/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://guide-v1.elyfi.world/prerequisites/transfer.md).

# How to transfer tokens

In order to deposit/withdraw or stake in the ELYFI protocol, you must have specific tokens in your wallet. Check the usage of each token, and keep it in your wallet as needed.

* Where to use DAI, USDT, BUSD, etc.
  * Tokens such as DAI, USDT, and BUSD are required to ‘deposit’ to the ELYFI protocol.
* Where to use EL or ELFI
  * EL Token: Required to use EL Staking.
  * ELFI Tokens: Required to use ELFI staking.
* Where to use Ether (ETH)
  * Ether (ETH) is used as a means of payment for network usage because the Ethereum network is used whenever actions such as deposit/withdrawal and reward token receipt and staking are performed.
* Where to use BNB
  * BNB is used as a means of payment for network usage because the Binance Smart Chain(BSC) network is used whenever actions such as deposit/withdrawal and reward token receipt and staking are performed.

#### Please refer to the following video on how to transfer tokens from an exchange to your personal wallet.

* [How to transfer DAI/ETH MetaMask wallet](https://www.youtube.com/watch?v=c7uXfXwqXHg\&list=PLBGsx3ekxtb2Oo-gaW9bjgmI6SMzYwXKE\&index=4)


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