Cryptocurrency transfers and deposits

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You can fund your account by using one of the transfer methods we offer. You can check each one of them in detail in the section Fund your Account of our FAQ.

 

Fund with cryptocurrency 

It is possible to fund your Passfolio account with BTC, ETH, BCH, LTC or SEC. You will need to instruct your external wallet or service provider that currently holds your crypto to initiate a withdrawal to your Passfolio account.

 

Deposits with BITCOIN (BTC): Bitcoin will be available in your Passfolio account for trading after 3 confirmations of the Bitcoin network -- which typically occurs in about 30 minutes.

Deposits with ETHER (ETH): Ether will be available in your Passfolio account for trading after 12 confirmations of the Ethereum network -- which typically occurs in about 3 minutes. 

Deposits with ZCASH (ZEC): Zcash will be available in your Passfolio account for trading after 12 confirmations of the Zcash network --- which typically occurs in about 30-60 minutes.

Deposits with BITCOIN CASH (BCH): Bitcoin Cash will be available in your Passfolio account for trading after 15 confirmations of the Bitcoin Cash network --- which typically occurs in about 2-2.5 hours.

 Deposits with LITECOIN (LTC): Litecoin will be available in your Passfolio account for trading after 12 confirmations of the Litecoin network --- which typically occurs in about 30 minutes.

 

Coin Withdrawals

Passfolio does not support coin withdrawals yet.

 

Tax Reporting

Capital gains and losses apply to digital currency held as a capital asset and will be taxed as property. We’ll provide you with your tax documents during tax season. Check out our Tax page for more information and please consult your tax advisor for individual tax advice.

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