Funding

At the moment most users can only accept USDT deposits on the BNB (Binance) Smart Chain, known as the BSC, which uses the BEP20 protocol. So you will need an exchange account or wallet that accepts USDT on this chain. Binance is the easiest, but you could also use cex.io, KuCoin and others.

We deployed on this blockchain first because transaction fees are much lower than on other chains such as Ethereum, making it a lot cheaper for our users to invest. The tradeoff is that not all exchanges are plugged into the BSC, so at the moment the easiest way to deposit to Peccala is from Binance - see our guide on how to deposit USDT to your Peccala Account for more info.

High net worth and institutional investors have the option to deposit and withdraw USDT on any chain. Please contact your account manager for more information.

At the moment we can only accept USDT deposits on the BNB (Binance) Smart Chain, which uses the BEP20 protocol. 

We are working on a solution to allow customers to deposit and withdraw directly to/from Peccala using fiat currency, which we expect to roll out in Q4 2022.

When you enter your Peccala deposit address in Binance, it will ask which blockchain you want to use. Always make sure you choose BSC (BEP20).

‍

‍

Blockchain transactions are not very forgiving and the different chains are not interconnected, so if you choose a blockchain other than the BSC (BEP20) to make your deposit, or send any tokens besides USDT, your money will be lost - and there is no way to get it back!

That’s why it’s really really important to only send USDT using the BSC (BEP20) to your Peccala address. 

We suggest using Binance for this (not Coinbase, Kraken or any other exchange, as they don’t use the BNB Smart Chain).

Don’t panic! If you send your USDT from Binance, and follow the instructions in our guide on how to deposit USDT to your Peccala Account, you won’t go wrong. 

Just make sure your deposit is sent in USDT using the BNB (Binance) Smart Chain (BEP20).

And if you need a hand with depositing money, get in touch with us at support@peccala.com or through our Telegram channel and we’ll help you out.

Yes, you’re free to invest as much as you like with Peccala! 

However, if you’re investing more than $15k per month you will need to do Level 2 verification, will means we ask for some additional information and proof about where the money is coming from.

Yes, you can redeem your Peccala Tokens for their current value at any time in exchange for the USDT stablecoin. There is no lock-in or minimum investment period.