Supported Networks & Deposit Methods
7 blockchain networks and 3 fiat rails — all deposits and withdrawals are free.
Peanut supports 7 blockchain networks and 3 fiat bank transfer rails for deposits and withdrawals. All deposits and withdrawals are free — Peanut covers gas fees on all blockchain transactions. This page lists every supported network, confirmation times, supported tokens, and fiat rail details.
Information is current as of February 2026.
Blockchain Networks
All blockchain networks are available for both deposits and withdrawals. Peanut covers gas fees on every transaction — you pay nothing regardless of which network you use.
| Network | Supported Tokens | Typical Confirmation Time | Fee | Notes |
|---|---|---|---|---|
| Solana | USDC, USDT | Under 1 minute | Free | Fastest network. Recommended for speed. |
| Arbitrum | USDC, USDT | 1-2 minutes | Free | Low fees on sender side. Widely supported by major exchanges. |
| Base | USDC, USDT | 1-2 minutes | Free | Coinbase's L2 — native for Coinbase users. |
| Tron | USDT only | 1-3 minutes | Free | Only USDT (no USDC on Tron). Most USDT volume globally transacts on Tron. |
| Ethereum | USDC, USDT | 3-10 minutes | Free | Slowest and most expensive sender-side gas. Use L2 networks when possible. |
| Polygon | USDC, USDT | 2-5 minutes | Free | Very low sender-side fees. Supported by most exchanges. |
| Avalanche | USDC, USDT | 1-2 minutes | Free |
Minimum deposit: None on any network. Minimum withdrawal: $1 equivalent on all networks.
Deposit Addresses
- EVM networks (Arbitrum, Base, Avalanche, Polygon, Ethereum): Same 0x address shared across all EVM networks. Reusable for every deposit.
- Solana: Separate Solana-specific address.
- Tron: Separate Tron-specific address.
Important: Always select the correct network in your exchange or wallet before sending. Sending on the wrong network means lost funds.
Fiat Bank Transfer Rails
Fiat rails are available for deposits and withdrawals to and from bank accounts. All are free from Peanut — your bank may charge its own fees for certain transfer types.
| Rail | Currency | Direction | Confirmation Time | Fee | Availability |
|---|---|---|---|---|---|
| SEPA | EUR | Deposit & Withdraw | 90% under 20 minutes | Free | 41 SEPA zone countries |
| ACH | USD | Deposit & Withdraw | 1-3 business days | Free | United States |
| Wire | USD or EUR | Deposit only | 1-5 business days (international); same-day (domestic US) | Free | Global (any bank that can send SWIFT) |
SEPA note: Deposits are currently EUR only. Non-EUR SEPA countries can send EUR, which auto-converts at the recipient's bank. SEPA Instant is supported for even faster processing (24/7/365).
Wire note: Wire withdrawals are not supported — only incoming wire deposits. Your bank may charge $25-$80+ for outgoing wires; Peanut charges nothing.
ACH note: ACH does not process on weekends or holidays. For faster funding, consider a blockchain deposit instead.
Requirements for Bank Transfers
- Reference number: Required on all bank transfers. Copy-paste the reference exactly — this is how Peanut matches the transfer to your account.
- Name match: The name on your bank account must match your Peanut account name.
- IBAN: Required for SEPA withdrawals.
- Routing number: Required for ACH withdrawals.
Supported Stablecoins
Peanut accepts two stablecoins for deposit. All are automatically held as a dollar-denominated balance in the app.
| Token | Role | Networks | What Happens on Deposit |
|---|---|---|---|
| USDC | Primary balance currency | Solana, Arbitrum, Base, Avalanche, Polygon, Ethereum | Credited directly. 1:1 on Arbitrum (guaranteed). Best available market rate on other networks. |
| USDT | Accepted for deposit | Solana, Arbitrum, Base, Tron, Avalanche, Polygon, Ethereum | Auto-converted to USDC at market rate. No conversion fee. |
- Your balance is displayed as dollars in the app — not as any specific token name.
- USDT is accepted for convenience. It is immediately converted to USDC upon deposit.
- Unsupported tokens sent to a deposit address are not credited. Contact support for recovery assistance.
Recommended Deposit Path by Origin
| Where You Are | Recommended Method | Why |
|---|---|---|
| US (exchange account) | Arbitrum or Base | Fast (1-2 min), free sender fees |
| US (bank only) | ACH | Free, but 1-3 day wait |
| Europe (bank) | SEPA | Free, 90% under 20 min |
| Europe (exchange account) | Arbitrum or Polygon | Fast (1-2 min), lowest fees |
| LATAM (exchange account) | Tron (USDT) or Solana (USDC) | Cheapest sender-side fees |
| Global (any bank) | Wire | Fallback option, slowest and most expensive from your bank |
FAQ
Which networks does Peanut support?
Peanut supports 7 blockchain networks: Solana, Arbitrum, Base, Tron, Ethereum, Polygon, and Avalanche. For fiat, Peanut supports SEPA (Europe), ACH (US), and Wire (global, deposit only).
Does Peanut charge for deposits or withdrawals?
No. All deposits and withdrawals are free. Peanut covers gas fees on all blockchain transactions. Your bank may charge for wire transfers, but Peanut does not.
Which stablecoins can I deposit?
Peanut accepts USDC and USDT. USDC is the primary balance currency. USDT is automatically converted to USDC at market rate upon deposit, with no conversion fee.
What happens if I send the wrong token?
Unsupported tokens are not credited to your balance. They remain on-chain at the deposit address. Contact support — some tokens can be recovered depending on the network.
What is the fastest way to deposit?
Solana is the fastest blockchain network (under 1 minute). For bank transfers, SEPA is the fastest (90% arrive under 20 minutes). For US users without an exchange account, ACH is the simplest but takes 1-3 business days.
Can I withdraw to any network?
Yes. All 7 blockchain networks available for deposit are also available for withdrawal. You choose the stablecoin and network when initiating a withdrawal.
Related Pages
- Deposit via SEPA Bank Transfer
- Deposit via ACH
- Peanut Pricing — Fees, Rates & Limits
- Peanut Supported Countries
