Depositing Funds
The setup required in order to start a Squad on Prysm.

Sending Funds to Your Wallet

Squads currently supports MetaMask, Gnosis SAFE, and WalletConnect.

MetaMask

To use MetaMask for your Squad wallet, simply follow the instructions on MetaMask's Getting Started page. We recommend that you fund your wallet with approximately 0.1 ETH for initial gas fees when creating a Squad.
If you already have ETH, here's how to deposit it into your MetaMask wallet:
  1. 1.
    Go to the MetaMask browser extension
  2. 2.
    Click "Buy"
  3. 3.
    Scroll to see "Directly Deposit Ether", and click on "View Account"
  4. 4.
    Copy your MetaMask wallet address or scan the QR code from your existing wallet or cryptocurrency exchange
  5. 5.
    Paste it into your existing wallet or cryptocurrency exchange, fill in the details and click "Send"
  6. 6.
    Check your MetaMask wallet to ensure the funds were deposited
Here's how to buy ETH using your MetaMask wallet:
  1. 1.
    Go to the MetaMask browser extension
  2. 2.
    Click "Buy"
  3. 3.
    Pick your option to buy ETH: Wyre or Transak
    1. 1.
      If using Wyre, decide on the amount of ETH you wish to buy and the currency, select your payment method, enter your payment details and click "Submit"
    2. 2.
      If using Transak, decide on the amount of ETH you wish to buy and the currency, double-check your wallet address details, click "Buy ETH", complete the KYC steps, and enter your payment details
  4. 4.
    Check your MetaMask wallet to ensure the funds were deposited

Gnosis SAFE

For greater security, consider using Gnosis SAFE for your Squad. In order to setup a Gnosis SAFE, you need a web3 wallet such as MetaMask with approximately 0.1 ETH inside.
Here's how to set up your Gnosis SAFE with multiple signers (see Rabbit Hole's tutorial for more details):
  1. 1.
    Connect your wallet to Gnosis SAFE
  2. 2.
    Create a new SAFE: enter the name of your SAFE and press the "Start" button
  3. 3.
    Add the wallet addresses of the SAFE owners and select the minimum number of confirmations (ie. signers) required in order to confirm a transaction before it is executed. To understand more about how signer counts work, see the Signer Counts section.
  4. 4.
    Click on "Review" and confirm that everything looks correct
  5. 5.
    Create your SAFE by clicking "Submit": once you pay the gas fee, wait for the SAFE Creation Process screen to complete, and then you will have successfully created your Gnosis SAFE!
Here's how to deposit ETH into your Gnosis SAFE (see the Gnosis Help Center for more details):
  1. 1.
    Locate your SAFE address above the main navigation bar, or click the "Receive" button in the top right corner to display the QR code for the SAFE address
  2. 2.
    Scan the QR code or copy your SAFE address to deposit funds

WalletConnect

If you'd like to use another wallet, many wallets can supported using WalletConnect. Just search for your chosen wallet here and follow the respective set up instructions.
Here's how to deposit ETH into Rainbow Wallet, one of the wallets that uses WalletConnect (see the Rainbow Knowledge Base for more details):
  1. 1.
    Locate your profile by tapping the emoji icon or swiping left
  2. 2.
    Click on "Copy Address"
  3. 3.
    Paste your wallet address into your existing wallet or cryptocurrency exchange's send flow
Here's how to buy ETH using your Rainbow wallet (see the Rainbow Knowledge Base for more details):
  1. 1.
    Go to the Rainbow wallet main screen and select the amount of ETH you wish to buy, or input your own amount
  2. 2.
    Click on "Pay"
  3. 3.
    Review the summary of fees
  4. 4.
    Confirm your purchase using Apple Pay
  5. 5.
    Check your Rainbow wallet to ensure the funds were deposited

Connecting Your Wallet to Squads

If you're using a MetaMask wallet, here's how to connect it to Squads:
  1. 1.
    Navigate to the Squads homepage​
  2. 2.
    Click "Connect Wallet" in the top right-hand corner
  3. 3.
    Select MetaMask
  4. 4.
    You should now be connected to Squads! If not, check the MetaMask browser extension to ensure you're connected to your wallet, and that it is connected to "Ethereum Mainnet", displayed at the top of the modal
You can also connect your Gnosis SAFE through WalletConnect. Here's how to do it:
  1. 1.
    Navigate to the Squads homepage​
  2. 2.
    Click "Connect Wallet" in the top right-hand corner
  3. 3.
    Select WalletConnect
  4. 4.
    A QR code should appear, click on "Copy to clipboard" at the bottom
  5. 5.
    Go to the Gnosis SAFE app with the correct SAFE connected
  6. 6.
    Within the Gnosis SAFE app, click on "Apps" in the left sidebar
  7. 7.
    Click on "WalletConnect"
  8. 8.
    Copy the QR code in the appropriate field to connect to Squads
  9. 9.
    You're all set!

Squads Deposit Experience

It's super simple to deposit ETH into your Squad wallet!
Here's how to deposit ETH from the wallet you have currently connected to Squads:
  1. 1.
    Navigate to the Squads homepage​
  2. 2.
    Select your squad under "My Squads"
  3. 3.
    Click "Deposit ETH"
  4. 4.
    Enter the amount of ETH you wish to deposit
  5. 5.
    Click "Deposit"
  6. 6.
    Check your Squad wallet to ensure the ETH was deposited
It's also very easy to deposit ETH from another wallet:
  1. 1.
    Navigate to the Squads homepage​
  2. 2.
    Select your squad under "My Squads"
  3. 3.
    Click "Deposit ETH"
  4. 4.
    Select "Click here if you are depositing from another wallet"
  5. 5.
    Copy the Squad address
  6. 6.
    Deposit ETH to the Squad address from your other wallet
  7. 7.
    Check your Squad wallet to ensure the ETH was deposited
Ensure you only send ETH, ERC20 tokens, or Ethereum-based NFTs to your Squad wallet, otherwise your assets will be lost.

FAQ

Can anyone deposit ETH into the Squad wallet?

Yes, anyone can transfer ETH to the address shown under β€œDeposit ETH.”

Is there a minimum amount of ETH to deposit into the Squad wallet?

No, there is no deposit minimum; however, we recommend having at least enough in your wallet to cover gas costs (approx. 0.1 ETH).

How do I add a wallet?

Currently, you can add a wallet through the Gnosis SAFE interface β€” in the next few weeks, there will be a way to do it within Squads!