How to Add USDC to Your Backpack Wallet on Solana

Option 1: Deposit USDC from an External Wallet or Exchange

1. Open Backpack Wallet - Launch the Backpack Wallet extension or mobile app and log in.
2. Navigate to Deposit - Click on the Deposit button located in the upper right-hand corner of your screen.
3. Select USDC and Solana Network - Choose USDC as the asset and ensure the Solana (SPL) network is selected.
4. Copy Your Wallet Address - Copy the provided wallet address.
5. Initiate Transfer from External SourceFrom your external wallet or exchange (e.g., Coinbase, Binance):
   • Initiate a Send or Withdraw transaction.
   • Paste your Backpack wallet address.
   • Ensure the network selected is Solana (SPL).
   • Enter the amount of USDC to transfer and confirm the transaction.
   Important: Ensure you’re sending USDC on the Solana network (USDC-SPL). Sending USDC via other networks (like Ethereum’s ERC-20) directly to Backpack can result in lost funds.
6. Confirm Receipt - Once the transaction is confirmed on the blockchain, your USDC balance will reflect in your Backpack Wallet.

Option 2: Swap SOL for USDC Within Backpack

1. Ensure Sufficient SOL Balance - Make sure you have enough SOL in your Backpack Wallet to perform the swap and cover transaction fees.
2. Access the Swap Feature - Navigate to the Spot Trading interface from the Spot menu.
3. Select Trading Pair - Choose the SOL/USDC trading pair.
4. Execute the Swap
   • Choose an order type: Market (instant execution) or Limit (set a specific price).
   • Enter the amount of SOL you wish to swap.
   • Confirm the transaction.
5. Check USDC Balance - After the swap is executed, your USDC balance will be updated in your Backpack Wallet.

Option 3: Deposit USDC via Fiat On-Ramp

1. Access Deposit Options - Click on the Deposit button in the upper right-hand corner.
2. Select Fiat On-Ramp - Choose the option to deposit USD via wire transfer.
3. Complete Wire Transfer - Follow the provided instructions to complete a wire transfer.
4. Automatic Conversion to USDC - Once the wire transfer is received, the funds will be automatically converted to USDC and credited to your Backpack Wallet.

⚠️ Tips & Reminders

• Network Compatibility: Always double-check that you’re using the Solana (SPL) network when transferring USDC to avoid loss of funds.
• Transaction Fees: Keep a small amount of SOL in your Backpack Wallet to cover transaction fees.
• Security Measures: Enable Two-Factor Authentication (2FA) and use a strong, unique password to enhance the security of your Backpack account.
• Auto-Lend Feature: Consider enabling the auto-lend feature to earn passive income on your USDC holdings.