Before you begin
There are some coins or tokens you can trade through Wealthsimple but not deposit. If you send a coin or token that is available for trading, but not available for deposits, we may not be able to recover your deposit.
If you tried to deposit a coin or token that is not supported, we'll automatically add the coin or token to your portfolio if the deposit functionality becomes available for that cryptocurrency. However, we can't guarantee whether specific coins or tokens will be available for wallet deposits in the future.
Wealthsimple is also only able to support deposits through certain networks. Currently, we only support wallet transfers for assets listed in the table below. Any funds sent using an incompatible network (i.e. any network not listed in the table, including the default network displayed when withdrawing from Binance, the Binance Smart Chain) are currently unretrievable. Please check whether you’re using the correct network for your deposit.
If you try to deposit coins or tokens that aren't supported by Wealthsimple, or if you try to deposit coins or tokens via an unsupported network, we're unable to assist you in retrieving these assets. Please make sure to read the instructions below before submitting your deposit to ensure you do not lose any assets. Wealthsimple is not legally obligated to recover improperly or mistakenly deposited assets.
Supported cryptocurrencies when making a deposit
You can deposit any of the following cryptocurrencies into your account from an external wallet:
- 0x (ZRX)
- Aave (AAVE)
- Basic Attention Token (BAT)
- Bitcoin (BTC)
- Bitcoin Cash (BCH)
- Chainlink (LINK)
- Compound (COMP)
- Curve (CRV)
- Dai (DAI)
- Decentraland (MANA)
- Dogecoin (DOGE)
- Enjin (ENJ)
- Ethereum (ETH)
- Kyber Network v2 (KNC)
- Litecoin (LTC)
- Loopring (LRC)
- Maker (MKR)
- Polygon (MATIC)
- Ren (REN)
- SushiSwap (SUSHI)
- Uniswap (UNI)
- USD Coin (USDC)
- Yearn.finance (YFI)
How to deposit cryptocurrency into your Wealthsimple account
Depositing crypto into your Wealthsimple account means that you’ll be moving coins or tokens into your Wealthsimple account from a wallet outside of Wealthsimple. The majority of steps you'll take will happen in the wallet from which you’re withdrawing funds.
During the withdrawal process, you’ll be asked to enter a deposit address. A deposit address is a unique string of letters and numbers that is used to send coins from your wallet to your Wealthsimple account.
Each type of cryptocurrency in your account has its own deposit address. You'll need to make sure that you choose the address that matches the type of cryptocurrency you’re transferring (Bitcoin or Ethereum, for example).
Please use only the address provided in the Wealthsimple app. Addresses obtained through other sources (such as Etherscan) may not correspond to your own Wealthsimple deposit address and may result in lost crypto assets. Deposits sent to the wrong address are irreversible.
Find your deposit address
Please note crypto deposits are currently only available using the Wealthsimple app.
Sign into the Wealthsimple app on your mobile device
Tap the Move tab at the bottom of the screen
Select Crypto at the top of the screen
Choose the coin or token you'd like to transfer
Copy or share the deposit information to add that coin or token from another source
Cryptocurrency networks charge a fee to process transactions (also known as a gas or miner fee). This fee can vary by hour, by day, and by transfer amounts. The external wallet will let you know how much you need to pay to complete the transfer.
Wealthsimple has no control of these fees, so you’ll need to check the details of the transaction using a block explorer link (like an Etherscan link) provided by the external wallet.
How long does it take to make a deposit?
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 below –
|Cryptocurrency||Ticker||Number of confirmations||Estimated time to complete||Supported network|
|0x||ZRX||20||~5 mins||Ethereum (ERC-20)|
|Aave||AAVE||20||~5 mins||Ethereum (ERC-20)|
|Basic Attention Token||BAT||20||~5 mins||Ethereum (ERC-20)|
|Bitcoin Cash||BCH||12||~2 hours||Bitcoin Cash|
|Compound||COMP||20||~5 mins||Ethereum (ERC-20)|
|Curve||CRV||20||~5 mins||Ethereum (ERC-20)|
|Dai||DAI||20||~5 mins||Ethereum (ERC-20)|
|Decentraland||MANA||20||~5 mins||Ethereum (ERC-20)|
|Enjin||ENJ||20||~5 mins||Ethereum (ERC-20)|
|Ethereum||ETH||20||~5 mins||Ethereum (ERC-20)|
|Kyber Network v2||KNC||20||~5 mins||Ethereum (ERC-20)|
|Loopring||LRC||20||~5 mins||Ethereum (ERC-20)|
|Maker||MKR||20||~5 mins||Ethereum (ERC-20)|
|Polygon||MATIC||20||~5 mins||Ethereum (ERC-20)|
|Ren||REN||20||~5 mins||Ethereum (ERC-20)|
|SushiSwap||SUSHI||20||~5 mins||Ethereum (ERC-20)|
|Uniswap||UNI||20||~5 mins||Ethereum (ERC-20)|
|USD Coin||USDC||20||~5 mins||Ethereum (ERC-20)|
|Yearn.finance||YFI||20||~5 mins||Ethereum (ERC-20)|