Investors can fund their investments on AngelList using USDC or DAI. However, there are some important restrictions of note: AngelList only accepts USDC or DAI sent on the Ethereum Mainnet. Sending any other digital asset (e.g., USDT, BNB, ETH) or using other blockchain networks (e.g., Polygon, Arbitrum) will result in the permanent loss of your funds. AngelList cannot receive these assets or return them to you.
Note: If you see a message stating that you are “unable to access crypto” at this time, it means your location is in a restricted geography. For restricted countries related to USDC, you can review the list here: Restricted Jurisdictions.
Transaction Fees:
A processing fee of 2.5% (with a cap of $500) will be deducted from your investment amount for settlement, custody, and trading costs associated with your payment in USDC. If you don’t cover this fee by sending additional USDC, your capital commitment to the Fund will be reduced accordingly.
Custody and Processing:
Layer2 (via BitGo) will custody your USDC, handle the exchange, and transfer USD to your AngelList account. AngelList will not own or control your crypto. Please note that crypto withdrawals are not supported on AngelList.
Steps to Fund with USDC:
- Select “Crypto” When Investing: Before completing the online subscription process and e-signing, select the Crypto option as your payment method instead of Wire or ACH.
- View USDC Instructions: After e-signing, click “View USDC Instructions” on the Next Steps screen.
- Agree to Terms: Confirm your understanding and accept the terms of funding via USDC.
- Send USDC: Send USDC via Ethereum Mainnet to the provided address (unique to your investment). Confirm in your AngelList account that you’ve sent the funds.
- Receive Confirmation: You’ll get an email with the transaction hash and a link to Etherscan. Funds should appear in your AngelList account within 3 business days.
Please ensure that you have deposited enough funds to fully cover your outstanding capital call.