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A cryptocurrency network is the computer network that governs the transfers of the cryptocurrency.

One cryptocurrency can be supported on multiple networks. And one network can support multiple cryptocurrencies. For example, ETH is commonly used on its native network — Ethereum. However, ETH also exists on other networks like Polygon. Similarly, USDT can be transferred on Ethereum network, but also on Tron, Solana, or BSC.

Different networks have different network fees and different times of execution. It’s very important to make sure that the selected network is the same as the network of the platform you’re depositing or withdrawing funds to. If you select the wrong network, it may not be possible to recover the funds.