Note: This feature is now in beta access. This means that we’re still testing this feature and you may not have access just yet.
You can now transfer both Bitcoin and Ethereum that you own in an external wallet into your Wealthsimple Crypto account.
How to deposit
Depositing crypto into your Wealthsimple account means that you’ll be moving coins or tokens to your Wealthsimple account from a wallet outside of Wealthsimple. A majority of the steps to deposit crypto will happen in the wallet you’re taking crypto out of. At some point in that process, you’ll be required to enter the deposit address.
Each cryptocurrency in your account has a unique string of letters and numbers that make up its address. When depositing, it’s important to match the cryptocurrency you’re adding to the correct address.
Here’s how you can get the right address:
- Sign into the Trade app on your mobile device
- Select View accounts at the top right-hand side of your screen
- Choose your Crypto account
- Select the coin or token that you wish to transfer
- Tap Transfer
- Select Deposit to add crypto from another wallet
- Copy or share the deposit information to add that coin or token from another source
Note: Transferring crypto is not currently available on desktop.
Fees for transferring your crypto
Cryptocurrency networks require a fee for processing transactions (also known as a gas or miner fee). This fee can vary per hour, by day, and transfer amounts. The external source will let you know the network fee you’ll pay before you complete the transfer.
Because we have no control of these fees, you’ll need to check the details of the transaction using the block explorer link (like an Etherscan link) provided by the external source.
Why is my transfer still pending?
Your transfer will go through a series of confirmations in the network before it’s considered complete. In your activity details, we’ll provide you with a link to track the progress of your transfer in real-time. Unfortunately, we have no control over the speed at which transfers are processed, however, you can find general estimates here:
|Ticker||Number of confirmations||Estimated time to complete|
|Bitcoin Cash||BCH||12||~2 hours|
|Basic Attention Token||BAT||20||~5 mins|
|Yearn finance||YFI||20||~5 mins|
|Synthetix network token||SNX||20||~5 mins|
|Kyber Network Crystal v2||KNC||20||~5 mins|
|Curve DAO Token||CRV||20||~5 mins|