To transfer USD on CoinLoan, you must add a USD bank account to your Wallet. You can do this in a few steps.
Note: currently, the feature is available on the web platform only. It will arrive in the mobile app with subsequent updates.
⠀⠀1. First, go to Wallet > USD > Deposit in the web app or follow this link.
⠀⠀2. The following form to fill out will appear.
USDC deposit — Web platform
Let’s see what each field means.
The official name of your bank.
Bank of America
The country where your bank operates.
Your full name.
Note: Ensure this field exactly matches the name associated with your bank account. Otherwise, the transfer won't be executed.
The country you reside in.
Billing Address Line
The same address as the one on the bank statement.
Note: Don’t add your city name or a ZIP code – you’ll have to put them in other fields.
123 Main Street, Unit 21
55 Sylvan Boulevard, Room 108
The city associated with your billing and mentioned in the bank statement.
Billing ZIP (Postal Code)
ZIP code associated with your billing and mentioned in the bank statement.
A 9-digit identification number, used by financial institutions to identify where a bank account is located.
The field shows up automatically if you choose the USA as the bank country. If you don’t know where to find your routing number, here’s a quick guide to help.
Note: For US bank accounts – make sure you are entering a routing number for a wire transfer, not for ACH (automated clearing house payment systems). You can check the correctness of your routing number here.
⠀⠀3. Enter all the required information and check if everything is correct.
⠀⠀4. Hit the Add New Bank Account button.
Now you can deposit USD with your bank account*. To find out how to do that, please refer to this article.
Note: If you want to make a deposit through a corporate bank account, upgrade your CoinLoan account to a corporate one by contacting email@example.com or filling in the Corporate Onboarding Application.
*Your wire transfer will be converted to USDC stablecoins at a 1-to-1 ratio and credited to your CoinLoan Wallet.