Bitso Shift is an easy, fast, safe, and free way to receive USD deposits.


Almost all bank accounts in the US can send and receive wires. It is a network widely used by businesses and individuals to make payments. Compared to international wires (SWIFT), domestic wires are faster and cheaper.


Before you receive a deposit, bear in mind:


  • Your account needs to have the correct limit set so you can receive the amount of money that you want. You can check it by going to your Account limits in the profile section.
  • You will need to authorize the account from which you want to receive the deposit. Check how to do it: Authorize a USD account in Bitso Shift



5 steps: How to receive a deposit in Bitso Shift?


  1. Select “Deposit USD”.





  1. Authorize the account from which you want to receive the deposit. Fill in all the information and select “Authorize”.



  1. Select “See instructions”.





  1. The wire instructions include the information that the sender account will need to follow to make you a deposit.


  • Authorized account: Name of the account you authorized and want to receive wires from.

  • Reference code: Code the sender needs to fill in the “Description”, “Memo” or “Message” field. Even if the sender’s bank form states that this field is optional, for this transaction it is mandatory. If it is unfilled, the wire will be rejected and the bank may charge fees.

  • Recipient account name and address: Bitso Shift provides you with a US-based account to receive the funds and then direct them to your Bitso Shift account. Circle Internet Financial Ltd is Bitso Shift’s licensed partner that receives and processes USD deposits. That’s the reason why you will not see your name here as a recipient.

  • Account number provided: Number of the account Bitso Shift provides you to receive the USD wires.

  • Routing number/ABA number: 9 digit number that identifies the bank.

  • Bank name and address: Name and address of the account Bitso Shift provides you to receive the USD wires.

  • Fee: Bitso Shift does not charge you any fee for receiving a USD wire.

  • Bank processing time: Circle Financial Ltd will take up to 48 business hours to process the incoming wire. Normally, it will take around 24 hours depending on the time of the day when the wire was sent (may take longer on holidays and weekends). 

  • You can receive this month up to: It’s the amount you can receive this month. If the wire exceeds that amount, make sure to increase your limits.


  1. Select “Share wire instructions” and enter one or more emails to forward the instructions. You can also copy the instructions by selecting “Copy text” and then send them through email, WhatsApp, Telegram, SMS, or any other platform.



Once the payment is sent, you will receive emails with the detailed status of the wire.


Wire status


  • Processing: The wire transfer is being processed by Circle Internet Financial Ltd.

  • In review: Circle Internet Financial Ltd is reviewing the wire transfer.

  • On hold: The wire transfer is being held by Bitso because the amount received is bigger than your monthly limits.

  • Completed: You received the wire transfer and it was already added to your balance in your Bitso Shift account.