How do I fund my investments with crypto?

You are now able to fund your investments using USDC or DAI. There are a few important restrictions to note when funding investments via USDC or DAI:

  • AngelList is only able to accept USDC or DAI sent on
  • 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
    • This fee is not a gas fee. This fee is charged by AngelList's crypto service providers for processing the transaction. AngelList does not receive any portion of this fee
    • If you do not transfer an additional amount to cover this fee your capital commitment to the Fund will be reduced accordingly
  • Anchorage will custody your crypto
  • Anchorage will exchange it and transfer USD to your AngelList account
  • AngelList will not own or control your crypto
  • AngelList does not support withdrawals via crypto

To fund your investment using USDC or DAI:

1. When you sign for an investment, select "Crypto" in the LP investment flow.

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2. When you finish signing for your investment, you will be taken to the "Next Steps" screen. Click "View USDC Instructions."

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3. You will need to agree to the terms of funding via USDC, including:

  • AngelList is only able to accept USDC/DAI sent on
  • 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
    • This fee is not a gas fee. This fee is charged by AngelList's crypto service providers for processing the transaction. AngelList does not receive any portion of this fee
    • If you do not transfer an additional amount to cover this fee your capital commitment to the Fund will be reduced accordingly
  • Anchorage will custody your USDC
  • Anchorage will exchange it and transfer USD to your AngelList account
  • AngelList will not own or control your USDC

Check the boxes to agree to the terms, and click "Continue."

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4. Use the instructions to send USDC via the Ethereum network. Note that the address for the funds will expire. Once you have sent the USDC to the address, click to confirm that you've sent funds.

 

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5. You will receive a confirmation email that includes the transaction hash with an embedded link to Etherscan. Funds will appear in your AngelList within 2 business days of your on-chain deposit. 

 

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