How to Deposit Funds on Legend

Before you can trade on Legend, you need to fund your account with USDC — the stablecoin used for all trading activity on the platform. This guide walks you through the deposit process, supported chains, and tips to make your first deposit smooth.

What You Need

To deposit on Legend, you'll need:

• A Legend account — sign up at legend.trade if you haven't already.
• A way to pay — crypto in a wallet or on an exchange, a debit or credit card, Apple Pay or Google Pay (US), Link, or Cash App. Every deposit arrives as USDC, the currency used for trading on Legend. Legend converts other tokens for you.

Supported Chains and Methods

Legend operates on Hyperliquid's Layer 1 blockchain, which means your USDC needs to arrive on the Hyperliquid network to be available for trading. Legend's deposit flow simplifies this process by supporting deposits from multiple source chains.

You can send USDC from Ethereum, Base, Arbitrum, Polygon, Optimism, BNB Chain, Solana, HyperCore, and other networks, plus tokens such as USDT, ETH, SOL, and BTC. Legend's payment partner Unifold converts the funds to USDC on Hyperliquid and credits your trading account. You do not need to bridge anything yourself.

The key thing to know: always use the deposit flow within Legend's interface rather than trying to send USDC directly to an address. The in-app deposit process ensures your funds are routed correctly and credited to your account.

Step-by-Step Deposit Process

For exact screens on web, iOS, and Android, see How do I deposit? in the Legend help center.

1. Open Deposit. On web, select Deposit next to your balance. On iOS and Android, open your Profile, select the settings icon, then select Deposit & withdraw.
2. Choose Use Cash or Use Crypto. Use Cash has card, Apple Pay or Google Pay, Link, and Cash App. Use Crypto has crypto transfer, connect a wallet, and exchanges such as Coinbase and Binance.
3. Enter the amount or pick the token and network. For a crypto transfer, send only on the network shown on the screen. The minimum crypto deposit is $20.
4. Confirm. The screen shows what you will receive before you confirm.
5. Wait for the funds. Most deposits arrive in a few minutes. Bitcoin can take about 30 minutes. Use Deposit Tracker on the deposit screen to follow the progress.

Your deposited USDC will appear in your Legend trading balance once the transaction is confirmed on-chain.

How Much Should You Deposit?

Crypto deposits have a $20 minimum, and card payments start at $25. Beyond that, the right amount depends on how you plan to trade:

• Learning and experimenting: $50-100 is enough to open small positions and get comfortable with the interface.
• Active trading: $500-1,000 gives you flexibility to manage multiple positions and practice proper position sizing.

Remember that trading perpetual futures involves leverage, so your effective buying power is larger than your deposit. A $200 deposit at 5x leverage gives you $1,000 of position sizing capacity.

Tips for First-Time Depositors

• Double-check the network. Sending USDC on the wrong network is the most common deposit error in crypto. Always confirm that the chain you're sending from matches what Legend's deposit interface expects.
• Start small. Make a small test deposit first to verify the process works before transferring larger amounts.
• Keep network fees in mind. When you send crypto from an outside wallet, that wallet pays the source network's fee. Card and other cash methods show their fees before you confirm.
• Save transaction hashes. If a deposit doesn't arrive as expected, having your transaction hash makes it easy to investigate.

Withdrawals

When you're ready to withdraw funds, the process works in reverse. You can withdraw to a crypto wallet or an exchange on the token and network you choose, or to a US bank account in US dollars. There is no waiting for manual approval from a centralized team.

Depositing on Legend is designed to be as frictionless as possible while maintaining the security benefits of on-chain infrastructure. Once your funds are in, you're ready to trade.