# How to Deposit via Wire

## Overview

| Item                |                                                      |
| ------------------- | ---------------------------------------------------- |
| **Currency**        | USD via SWIFT                                        |
| **Minimum Deposit** | 100 USD                                              |
| **Processing Time** | Typically 1–5 business days                          |
| Fees                | Tier-based — see **Wire fee schedule** below Updated |

{% hint style="info" %}
Wire fees depend on your tier. Each tier includes a set number of free wires per 30-day period; higher tiers earn more free wires and lower transaction fees. **Your sending/intermediary bank may apply its own charges, which are outside our control.**
{% endhint %}

***

## Prerequisites

* ✅ **Verified Backpack Exchange account**
* ✅ **Available USD balance in your Bank Account**

***

## Wire fee schedule

Higher tiers get more free wires per month and reduced fees on large transfers.

<figure><img src="/files/SKck6c1L3xkYO1X8ScBy" alt=""><figcaption></figcaption></figure>

{% hint style="info" %}
***Important Notes:***

* **Fee tiers are recalculated hourly, and your VIP status is updated accordingly.**
* **Effective tier is determined based on your BP Stake, trading volume and pre-TGE Mad Lad NFT holding, whichever tier is highest.**
* **Our USDT/USDC trading pair is subject to a 0% fee, which means that trades on this pair do not count toward your 30-day volume requirements for fee tier upgrades.**
  {% endhint %}

***

## Step-by-Step Guide

### Get Your Backpack Wire Details

* Log in to [Backpack.exchange](https://backpack.exchange/).
* **Open the Deposit modal**

  In the top-right corner, click Deposit

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdO37hdnUVkwUxxZ4ggTxrwz__ZqPWMwtUOJQxBH1dAmPIJBhf_UIQl-U4WlEGP8M28PoTQP5leNjTWO6vUzaugt5bCMhWwzzQjIKiofNo9hM7DrRgoqnmXOuoCrGTEPECZYjEMTg?key=eaNSr6kZABRUBYvUjpI0kw" alt=""><figcaption></figcaption></figure>

Select **Cash (USD)** → **Wire Transfer**&#x20;

***Note: The minimum deposit is $100, and we accept USD only.***

<div align="left"><figure><img src="/files/6SU0nh5P7qB2FzRQAI4A" alt="" width="315"><figcaption></figcaption></figure></div>

click **Continue**.

<div align="left"><figure><img src="/files/ME4HxdXefqsELDD3kcqb" alt="" width="375"><figcaption></figcaption></figure></div>

{% hint style="info" %}
**Deposit fees may vary depending on your account status.** Please refer to the detailed fee schedule [**here**](#wire-fee-schedule).
{% endhint %}

***

## **Copy your bank details**

You’ll see everything you need on the “Wire transfer” screen:

* Account name
* SWIFT/BIC
* IBAN / Account number
* Sort code (if applicable)
* Reference (include this exactly to credit your account)
* Bank name & address
* Recipient address

***

## **Send the wire from your bank**

From your personal bank account, initiate a SWIFT transfer using the details above. Make sure:

* The sending account is in *your* name (third-party transfers are rejected).
* You send USD only.

⚠️ **Important:** Deposits must come from a bank account in your name. Third-party deposits are not supported.

***

🎉 **All done!** Your USD deposit is now on its way to Backpack.

Need help or have questions? Reach our support team anytime at <support@backpack.exchange>. Be sure to include your wire transfer reference for faster assistance.


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