> For the complete documentation index, see [llms.txt](https://docs.terrace.fi/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.terrace.fi/faq/deposits-and-withdrawals.md). # Deposits & Withdrawals ### **How do I deposit funds?** Depositing funds to Terrace is easy! When a user signs up, wallet addresses for all of the supported chains are created automatically. To deposit select "Deposit" in the top right of your account header: ### **How do I withdraw funds?** Select "Withdraw Funds" in the drop down menu in the top right of your account header. Then, in the pop-up modal select the asset you want to withdraw, make sure you pick the correct chain and input the destination address. Multi-Factor Authentication is required to approve withdrawals. ### **Can I deposit/withdraw fiat currency?** Terrace supports frictionless fiat on and off ramps for users in the United States through our partnership with BitGo. When you deposit or withdraw funds, they are wired to BitGo in an FBO (for the benefit of) account. This means you can close a spot or perps position and subsequently withdraw to USD. Fiat deposits are subject to fees (network gas fees apply), while withdrawals are a $16 wire fee plus a 0.10% (10bps) service fee and applicable gas. See the How to Fiat on and Off Ramp page for specific instructions. ### **What currencies and assets can I deposit?** You can instantly deposit any EVM, Solana, Bitcoin, Dogecoin, or Litecoin to your Terrace account. Please contact if you wish to deposit over $10k of assets that are not on a chain currently supported. ### **Are there minimum deposit or withdrawal amounts?** There is no minimum deposit amount on Terrace or set minimum for withdrawals. However, withdrawals must exceed the cost to transfer/withdraw your assets. Cost to withdraw may vary by asset, network, and withdrawal method. The withdrawal module will alert you if your amount is below the required minimum. ### **How long do deposits take to confirm?** Deposits are credited once the required number of blockchain confirmations are reached. Confirmation times depend on the chain’s congestion and block times but typically take <5 minutes. Fiat deposit time is dependent on sending institution and compliance review. ### **How long do withdrawals take?** Withdrawals are processed within 24 hours after you confirm the transaction and complete MFA. Withdrawal processing time depends on if the funds you are withdrawing are currently settling or waiting to settle. Network congestion, blockchain delays, compliance reviews, or OTC desk settlement minimums may affect withdrawal settlement times. ### **How do I ensure I'm using the correct chain for my deposit?** Always check the deposit modal for the supported network before sending funds. Depositing via the wrong chain may result in lost assets. ### **What happens if I deposit an unsupported token?** Deposits of unsupported tokens or tokens sent on the wrong network are at risk of being irrecoverable. Contact immediately, but recovery cannot be guaranteed. ### **Can I schedule recurring deposits or withdrawals?** Terrace does not currently support scheduled or recurring transfers. You must initiate each deposit or withdrawal manually. ### **Can I cancel a withdrawal?** Once a withdrawal is initiated on individual and institutional accounts cannot be cancelled. Once approved and submitted and broadcasted on-chain, withdrawals are irreversible. Always double-check the destination, address, and chain. ### **Why can't I withdraw all my tokens?** Only tokens in your wallet are available for withdrawal. Tokens that were acquired via off-chain CEX, OTC, and MM and are settling will be available to withdraw once settled to your wallet, typically within 60 minutes. If you would like to withdraw non EVM, SPL, BTC, LTC, and DOGE tokens over an amount of $10k, please contact .