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How To Make a CAD Deposit Using Bank Wire Transfer
How To Make a CAD Deposit Using Bank Wire Transfer
Stallone avatar
Written by Stallone
Updated over a week ago

Coinsquare supports wire transfer deposits for large amounts. This is the best way to send deposits of $10,000 CAD or more to fund your account.

Here are the instructions to make a bank wire deposit:

Step 1 --- Send a Wire Transfer at your Bank

A wire transfer deposit must be sent from your bank account to Coinsquare. Below are the details you'll need to ensure that your deposit is sent to the correct place.

Step 2 --- Upload Your Receipt

The next step is to upload a copy of your wire receipt so that we can match the incoming wire with your Coinsquare account. You can do this while logged into your account either on the Coinsquare Trade app or website.

  1. In your Coinsquare account, navigate to the Deposit page and select Wire Transfer.

  2. Under the instructions, hit the Continue button.

  3. On the next page, enter the total amount sent and the processing date from the wire receipt.

  4. Below, you will be asked to upload an image file of the wire receipt. When uploading a photo of the physical receipt, please ensure that the text is clearly visible.

  5. Select ‘Upload’ and done! Your items have been sent and our team will process your submission.

Funding Timeline & Support

Once you have sent your wire transfer and uploaded your receipt, you can expect to see the funds reflected in your account within 1 - 2 business days. Please keep in mind that the waiting period will also be subject to the processing time of your financial institution.

If you have any questions or issues with the wire transfer process, our Support team is here to help! You can reach us by starting a live chat in your Coinsquare Trade app or in the bottom-right corner of your screen on the Coinsquare Trade desktop site.

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