How User Wallets Work

Last updated: February 2, 2026

A Wallet is a cryptocurrency account that holds and moves digital assets on the HIFI platform. Every wallet belongs to a user and can hold balances in supported stablecoins across multiple blockchain networks.

Here's how user wallets work in HIFI:

Automatic Provisioning

Wallets are automatically created when a user is created—no separate setup required. Each user receives wallet addresses on Polygon and Ethereum by default. Other chains (Solana, Base) can be added later.

Wallet Properties

PropertyDescription

Custodial

HIFI manages private keys for security and compliance

Multi-Chain

Unique address on each supported blockchain

Multi-Currency

Can hold USDC and USDT simultaneously

Immediately Active

Ready to send/receive crypto without additional setup

Key Operations

  • Check balance – Check balance by chain and currency

  • Receive funds – From other HIFI users, external wallets, or fiat onramps

  • Send funds – Transfer to HIFI users, external wallets, or offramp to fiat

  • Track deposits – Monitor incoming blockchain deposits

Wallet addresses never change and can be shared for receiving cryptocurrency.

Adding Wallets

  • [ ] @Erick Add recording

To add a wallet to a user:

  1. Select the user from your dashboard

  2. Navigate to the Wallets tab

  3. Click the + Add Wallet button on the right

  4. Select the wallet type you want to add