Gone are the days of complicated processes, sky-high fees, and countless steps to turn your hard-earned dollars into stablecoins. With Exponential, we’re making the move from paycheck to DeFi simpler, faster, and cheaper than ever for our US users.
Starting today, US users can fund their Exponential account directly from their bank account using ACH or Wire transfer and receive USDC at a 1:1 rate—with no fees. This seamless experience, made possible through our partnership with Bridge, brings your fiat straight into DeFi with ease.
Ready to get started?
Just head to your Exponential Wallet, select USDC, and tap “Bank Transfer.” We’ve set up a unique bank account in your name, making it super simple to fund from your existing account. As soon as your transfer settles, you’ll get an email notification, and your USDC will be ready for action.
It’s as simple, fast, and cost-effective as crypto onramping should be.
FAQs
- Are there any fees?
No fees! What you send is what you receive as USDC. Your bank may charge fees for initiating an ACH or a Wire transfer, though.
- Can I receive my paycheck in this account?
Yes! Since this account is under your name, you can set it up in your banking or payroll app as a payee so you convert your paycheck to USDC.
- What’s the difference between Wire and ACH transfers?
Both are ways to transfer funds from one bank account to another. Wires are faster and usually complete within the same day. Some banks may charge up to $35 for sending a wire, so it’s not recommended for small amounts. ACH transfers are cheaper (some banks charge no fees) but will take 1-3 business days to complete.
Choose the transfer type that best suits your needs. If large amount, a Wire might be a better option so your funds are less time in transit. If a small amount or paycheck, ACH transfers will work great due to their low cost.
- Can I buy BTC or ETH instead of USDC?
Not at the moment. If you send USD you will receive USDC on your Exponential account. You can invest your USDC in any BTC, ETH or Altcoin pool, though. If you are interested in auto-buying from your bank account let us know on X at @ExponentialDeFi
- Can other people pay me by sending funds to this account?
No. This account is for personal use only. Only you or an employer can send funds to this account. If somebody else sends funds, the transaction might be rejected and sent back.