Fiat Currency Deposit Options (Fees, Minimums, and Processing Times)

Before you can trade or buy bitcoin or any other cryptocurrencies on our crypto exchange platform, you’ll need to deposit funds into your Ferriswheel account.

Below is an overview of our deposit options and their minimums, fees, and processing times for each currency.

Ferriswheel supports the following currencies: GBP, EUR

Important deposit information

  • This information can change without notice and is not always current. Please login to your Ferriswheel account and navigate to the relevant deposit page to see the most current information.
  • Deposits must match the same currency specified in the deposit option. For example, GBP funds should only be sent to GBP deposit options. Funds sent to deposit options that they do not belong to may be returned and could result in charges.
  • Deposit fees are what it costs Ferriswheel to accept your deposit and do not include your bank's charges (if any) for sending a transfer.
  • Deposit limits will depend on your verification level.
  • We cannot accept deposits from certain third-party payment processors.
  • Processing times are estimates only and are outside of Ferriswheel's control. Delays are possible.
  • Please be mindful of banking holidays.
  • If your deposit does not arrive within the estimated time frame below, click here for the steps to take.

GBP (Pound Sterling) deposit options

Availability

Deposit method

Deposit minimum

Deposit fee

Processing time

UK and Gibraltar

FPS

Under 100 GBP

0.50 GBP

0-3 business days

UK and Gibraltar

FPS

100 GBP

Free

0-3 business days

UK and Gibraltar

BACS

100 GBP

5 GBP

0-3 business days

UK and Gibraltar

CHAPS

100 GBP

30 GBP

0-3 business days


EUR (Euro) deposit options

Availability

Deposit method/Processor

Deposit minimum

Deposit fee

Processing time

SEPA only

SEPA (InCore)

5 EUR

Free

0-3 business days or instant


Frequently asked questions

Why does Ferriswheel charge deposit fees?

As your leading crypto exchange platform, we’re committed to being fully transparent with all of our users. The payment processors we work with charge us fees to accept fiat currencies, and those are the fees listed above.

Are there any other fees?

Your bank may charge you fees for sending the deposit to our payment processors. Intermediary or correspondent banks (banks between your bank and our bank that processes the transaction in transit) may also charge fees or convert the transaction to a different currency en route (if sending Euros from outside of Europe, for example). These fees are on the account of the sender and the responsibility of the sending bank.

Was this article helpful?
0 out of 0 found this helpful