Crypto deposits - Privy Docs

To deposit crypto into a wallet, configure crypto deposit addresses. These enable you to send crypto to a wallet and have it automatically be bridged or swapped to a target asset. There are two types of deposit addresses in Privy: same as the existing wallet address or a newly provisioned address.

Type	Used when	Logic
Deposit address is the wallet address itself.	Accepting deposits from the same chain type as the wallet (e.g. EVM deposit —> EVM wallet)	A wallet automation converts incoming deposits to the wallet to the target asset in place.
Deposit address is a new address, provisioned with the same wallet configuration.	Accept deposits from a different chain type as the wallet (e.g. SVM deposit —> EVM wallet)	Privy provisions a new wallet with the same configuration on the deposit chain type to receive deposits. A wallet automation converts those to the target asset in the target wallet.

In either case, since the receiving wallet has the same owner configuration as the target wallet, invalid assets sent to that wallet are cryptographically recoverable through private key export. Deposit addresses are safe and reusable; the same address works for every future deposit on the configured route.

How a crypto deposit works

Create a crypto deposit account on a destination wallet, with the assets to accept and the asset to deliver.
Fetch each deposit_address for the wallet.
Send crypto to the deposit_address based on its route configuration.
Funds are converted and delivered to the target wallet.

Getting started

Setup

Enable swaps and app-pays gas sponsorship

Create a deposit account

Provision deposit addresses for a wallet