Adding Funds

Before you can make payments, you’ll need to fund your Valeo wallet with cryptocurrency. Valeo currently supports the Solana network, so you will primarily add assets like USDC (USD Coin) – a stablecoin pegged to the US dollar – or SOL (Solana’s native token) to your wallet as a starting point.

There are a few ways to add money:

1

Receive Crypto from Another Wallet

If you already have some crypto in another wallet or exchange, you can send it to your new Valeo wallet. In the Valeo app, tap “Receive”. You will see your Valeo wallet address and a QR code. You can have the sender scan that QR code, or you can copy the address and send it to them. Once they send the funds, the Solana network will confirm the transaction in about a second, and you’ll see the funds show up in your balance. This method is great if you have a friend sending you crypto or you’re transferring from another one of your wallets. Always double-check that the currency you are receiving is supported (e.g., send SOL or Solana-program tokens like USDC/USDT; do not send Ethereum or Bitcoin or any other EVM tokens directly to a Solana address, as those are incompatible).

2

Buy on an Exchange and Withdraw

If you don’t yet own any crypto, you can purchase some USDC or SOL using a reputable cryptocurrency exchange (such as Coinbase, Kraken, Binance, etc.). Once you’ve bought the crypto, withdraw or send it to your Valeo wallet address. On the exchange’s withdrawal page, you’ll paste your Valeo receive address and choose the Solana network (for USDC, be sure to select the SPL/Solana version of USDC). The exchange will then transfer the coins to your Valeo wallet. Typically, exchange withdrawals on Solana take a few seconds to a few minutes depending on the exchange’s processing time. This method effectively uses the exchange as an on-ramp from fiat: you buy crypto with your bank card or account on the exchange, then move the crypto to Valeo.

3

Transfer from Another Solana Wallet

If you have another wallet app (for example, Phantom or Solflare browser wallets, or a hardware wallet) that holds Solana-based assets, you can send funds from there to Valeo. Since Valeo is compatible with Solana addresses, just initiate a transfer from your other wallet using your Valeo address as the destination. The transaction will usually complete in ~1 second on the network. This is similar to method 1, but specifically if you self-custody elsewhere and want to consolidate funds into Valeo for easier mobile use.

No matter which method you choose, always start with a small amount for the first transfer into Valeo. For example, if you intend to add $500 worth of crypto, try sending just $10 first. Confirm it arrives in Valeo successfully, then proceed with the larger transfer. This approach helps avoid any mistakes with addresses or network selection.

After funds are added, your Home dashboard in the Valeo app will update to show the new balance in the respective asset (and its equivalent USD value). You can add multiple different assets as needed – Valeo will show each one in your portfolio list. With money in your wallet, you’re all set to make your first payment!