Introducing Bank Deposits

Skip the exchange. On-ramp to Ready instantly with bank transfers

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Ollie Armitage

Feb 14, 2025

Quick summary

Ready is the onchain alternative to your bank. 

For too long, centralised exchanges (CEXs) have been the default on-ramp to crypto.

Bank Deposits change that. You can now send money to Ready just like a normal bank transfer.

With bank deposits, you can deposit directly from your bank account into Ready.

It’s faster, cheaper, more convenient, and skips out unnecessary middlemen.

It's a 10x improvement on every on-ramp that came before.

What are Bank Deposits?

Bank Deposits let you transfer money from your bank straight into Ready.

We issue you virtual account details, like an IBAN and BIC for the EU, or a sort code and account number in the UK.

Once you transfer, your fiat lands as USDC in your Ready account, instantly spendable with your Ready Card.

How it works

Bank Deposits are powered by Due, and work just like a standard bank transfer:

  1. Open Ready, tap Fund, and create your personal virtual account details
  2. Send fiat from your bank to those details
  3. Receive USDC in Ready

Which currencies are supported?

We currently support 6 fiat currencies and 150+ countries:

  • EUR (Europe)
  • USD (United States, not including US citizens)
  • GBP (United Kingdom)
  • MXN (Mexico)
  • BRL (Brazil)
  • AED (United Arab Emirates)

More currencies and regions are coming soon.

Do I need to complete  ID verification (KYC)?

Yes, to receive personal bank details, you’ll need to complete ID verification (KYC). This is required by law, and handled by Due.

Privacy note: 

  • Ready does not process or store your KYC data.
  • ID verification is handled by Due. They ensure compliance while keeping your personal data private.
  • ID verification does not impact self-custody.

Your keys, your coins.

Why Ready?

Ready is the simplest path to self-custody, and now, the fastest.

  • Deposit from your bank account
  • Earn with lending and staking
  • Spend with your Ready Card

It’s time your money moved onchain. 

Download Ready and try Bank Deposits today.