07 / 11
Getting started · Lesson 07

Deposit USDC

1:25BeginnerFree

Key points

  1. 01Minimum 5 USDC, on the Arbitrum One network.
  2. 02Never send money to the bridge address by hand.
  3. 03Confirm in your wallet: the network fee is under one cent, paid in ETH.
Try it on SorooshX

Read the lesson

Your USDC is in your own wallet on Arbitrum One. To trade, deposit it into SorooshX Onchain:

  1. Open Deposit in the app. It sends USDC straight from your wallet; there's no address to copy.
  2. Type the amount. The minimum is 5 USDC. Anything smaller is not credited and can't be recovered.
  3. Check the network says Arbitrum One, then tap Deposit.
  4. Your wallet asks you to confirm a USDC transfer. The small network fee is paid in ETH.
  5. Your balance usually shows up in about a minute.

Never send USDC to the deposit address yourself, from your wallet or an exchange. Always use the Deposit button: it calls the contract for you. Only you can approve the transfer; SorooshX never holds your keys.

Check yourself: (1) What's the minimum deposit? (2) Can you send USDC straight from an exchange to the deposit address? (3) What pays the network fee?