diff --git a/app/components/UI/Ramp/hooks/useCryptoCurrencies.test.ts b/app/components/UI/Ramp/hooks/useCryptoCurrencies.test.ts
new file mode 100644
index 000000000000..fbede28d2f2c
--- /dev/null
+++ b/app/components/UI/Ramp/hooks/useCryptoCurrencies.test.ts
@@ -0,0 +1,366 @@
+import { NATIVE_ADDRESS } from '../../../../constants/on-ramp';
+import { renderHookWithProvider } from '../../../../util/test/renderWithProvider';
+import { RampSDK } from '../sdk';
+import useCryptoCurrencies from './useCryptoCurrencies';
+import useSDKMethod from './useSDKMethod';
+
+type DeepPartial<BaseType> = {
+  [key in keyof BaseType]?: DeepPartial<BaseType[key]>;
+};
+
+const mockuseRampSDKInitialValues: DeepPartial<RampSDK> = {
+  selectedRegion: { id: 'test-region-id' },
+  selectedPaymentMethodId: 'test-payment-method-id',
+  selectedFiatCurrencyId: 'test-fiat-currency-id',
+  selectedAsset: null,
+  setSelectedAsset: jest.fn(),
+  selectedChainId: '1',
+  isBuy: true,
+};
+
+let mockUseRampSDKValues: DeepPartial<RampSDK> = {
+  ...mockuseRampSDKInitialValues,
+};
+
+jest.mock('../sdk', () => ({
+  useRampSDK: () => mockUseRampSDKValues,
+}));
+
+jest.mock('./useSDKMethod'); // replace with actual path
+
+describe('useCryptoCurrencies', () => {
+  beforeEach(() => {
+    jest.clearAllMocks();
+    mockUseRampSDKValues = {
+      ...mockuseRampSDKInitialValues,
+    };
+  });
+
+  it('should call useSDKMethod with the correct parameters for buy', () => {
+    (useSDKMethod as jest.Mock).mockReturnValue([
+      {
+        data: [],
+        error: null,
+        isFetching: false,
+      },
+      jest.fn(),
+    ]);
+
+    renderHookWithProvider(() => useCryptoCurrencies());
+
+    expect(useSDKMethod).toHaveBeenCalledWith(
+      'getCryptoCurrencies',
+      'test-region-id',
+      'test-payment-method-id',
+      'test-fiat-currency-id',
+    );
+  });
+
+  it('should call useSDKMethod with the correct parameters for sell', () => {
+    mockUseRampSDKValues.isBuy = false;
+    (useSDKMethod as jest.Mock).mockReturnValue([
+      {
+        data: [],
+        error: null,
+        isFetching: false,
+      },
+      jest.fn(),
+    ]);
+
+    renderHookWithProvider(() => useCryptoCurrencies());
+
+    expect(useSDKMethod).toHaveBeenCalledWith(
+      'getSellCryptoCurrencies',
+      'test-region-id',
+      'test-payment-method-id',
+      'test-fiat-currency-id',
+    );
+  });
+
+  it('should return loading state', () => {
+    const mockQueryGetCryptoCurrencies = jest.fn();
+    (useSDKMethod as jest.Mock).mockReturnValue([
+      {
+        data: [],
+        error: null,
+        isFetching: true,
+      },
+      mockQueryGetCryptoCurrencies,
+    ]);
+
+    const { result } = renderHookWithProvider(() => useCryptoCurrencies());
+
+    expect(result.current).toEqual({
+      cryptoCurrencies: null,
+      errorCryptoCurrencies: null,
+      isFetchingCryptoCurrencies: true,
+      queryGetCryptoCurrencies: mockQueryGetCryptoCurrencies,
+    });
+  });
+
+  it('should return error state', () => {
+    const mockQueryGetCryptoCurrencies = jest.fn();
+    (useSDKMethod as jest.Mock).mockReturnValue([
+      {
+        data: null,
+        error: 'test error message',
+        isFetching: false,
+      },
+      mockQueryGetCryptoCurrencies,
+    ]);
+
+    const { result } = renderHookWithProvider(() => useCryptoCurrencies());
+
+    expect(result.current).toEqual({
+      cryptoCurrencies: null,
+      errorCryptoCurrencies: 'test error message',
+      isFetchingCryptoCurrencies: false,
+      queryGetCryptoCurrencies: mockQueryGetCryptoCurrencies,
+    });
+  });
+
+  it('should filter list by selectedChainId', () => {
+    const mockQueryGetCryptoCurrencies = jest.fn();
+    (useSDKMethod as jest.Mock).mockReturnValue([
+      {
+        data: [
+          { network: { chainId: '1' }, address: 'test-address-1' },
+          { network: { chainId: '2' }, address: 'test-address-2' },
+        ],
+        error: null,
+        isFetching: false,
+      },
+      mockQueryGetCryptoCurrencies,
+    ]);
+
+    mockUseRampSDKValues.selectedChainId = '2';
+
+    const { result, rerender } = renderHookWithProvider(() =>
+      useCryptoCurrencies(),
+    );
+
+    expect(result.current).toEqual({
+      cryptoCurrencies: [
+        { network: { chainId: '2' }, address: 'test-address-2' },
+      ],
+      errorCryptoCurrencies: null,
+      isFetchingCryptoCurrencies: false,
+      queryGetCryptoCurrencies: mockQueryGetCryptoCurrencies,
+    });
+
+    mockUseRampSDKValues.selectedChainId = '1';
+    rerender({});
+    expect(result.current).toEqual({
+      cryptoCurrencies: [
+        { network: { chainId: '1' }, address: 'test-address-1' },
+      ],
+      errorCryptoCurrencies: null,
+      isFetchingCryptoCurrencies: false,
+      queryGetCryptoCurrencies: mockQueryGetCryptoCurrencies,
+    });
+  });
+
+  it('should not call setSelectedAsset if current selection is available', () => {
+    const mockQueryGetCryptoCurrencies = jest.fn();
+    (useSDKMethod as jest.Mock).mockReturnValue([
+      {
+        data: [
+          { network: { chainId: '1' }, address: 'test-address-1' },
+          { network: { chainId: '1' }, address: 'test-address-2' },
+        ],
+        error: null,
+        isFetching: false,
+      },
+      mockQueryGetCryptoCurrencies,
+    ]);
+
+    mockUseRampSDKValues.selectedAsset = {
+      // TODO(ramp, chainId-string): remove this ts-expect-error when chainId is string
+      // See https://github.com/MetaMask/metamask-mobile/pull/9415
+      // @ts-expect-error ts(2322)
+      network: { chainId: '1' },
+      address: 'test-address-2',
+    };
+
+    const { result } = renderHookWithProvider(() => useCryptoCurrencies());
+
+    expect(mockUseRampSDKValues.setSelectedAsset).not.toHaveBeenCalled();
+    expect(result.current).toEqual({
+      cryptoCurrencies: [
+        { network: { chainId: '1' }, address: 'test-address-1' },
+        { network: { chainId: '1' }, address: 'test-address-2' },
+      ],
+      errorCryptoCurrencies: null,
+      isFetchingCryptoCurrencies: false,
+      queryGetCryptoCurrencies: mockQueryGetCryptoCurrencies,
+    });
+  });
+
+  it('should select the native crypto currency if available and current selection is null', () => {
+    const mockQueryGetCryptoCurrencies = jest.fn();
+    (useSDKMethod as jest.Mock).mockReturnValue([
+      {
+        data: [
+          { network: { chainId: '1' }, address: 'test-address-1' },
+          { network: { chainId: '1' }, address: 'test-address-2' },
+          { network: { chainId: '1' }, address: NATIVE_ADDRESS },
+        ],
+        error: null,
+        isFetching: false,
+      },
+      mockQueryGetCryptoCurrencies,
+    ]);
+
+    const { result } = renderHookWithProvider(() => useCryptoCurrencies());
+
+    expect(mockUseRampSDKValues.setSelectedAsset).toHaveBeenCalledWith({
+      network: { chainId: '1' },
+      address: NATIVE_ADDRESS,
+    });
+    expect(result.current).toEqual({
+      cryptoCurrencies: [
+        { network: { chainId: '1' }, address: 'test-address-1' },
+        { network: { chainId: '1' }, address: 'test-address-2' },
+        { network: { chainId: '1' }, address: NATIVE_ADDRESS },
+      ],
+      errorCryptoCurrencies: null,
+      isFetchingCryptoCurrencies: false,
+      queryGetCryptoCurrencies: mockQueryGetCryptoCurrencies,
+    });
+  });
+
+  it('should select the native crypto currency if available and current selection is not available', () => {
+    const mockQueryGetCryptoCurrencies = jest.fn();
+    (useSDKMethod as jest.Mock).mockReturnValue([
+      {
+        data: [
+          { network: { chainId: '1' }, address: 'test-address-1' },
+          { network: { chainId: '1' }, address: 'test-address-2' },
+          { network: { chainId: '1' }, address: NATIVE_ADDRESS },
+        ],
+        error: null,
+        isFetching: false,
+      },
+      mockQueryGetCryptoCurrencies,
+    ]);
+
+    mockUseRampSDKValues.selectedAsset = {
+      // TODO(ramp, chainId-string): remove this ts-expect-error when chainId is string
+      // See https://github.com/MetaMask/metamask-mobile/pull/9415
+      // @ts-expect-error ts(2322)
+      network: { chainId: '1' },
+      address: 'test-address-3',
+    };
+
+    const { result } = renderHookWithProvider(() => useCryptoCurrencies());
+
+    expect(mockUseRampSDKValues.setSelectedAsset).toHaveBeenCalledWith({
+      network: { chainId: '1' },
+      address: NATIVE_ADDRESS,
+    });
+    expect(result.current).toEqual({
+      cryptoCurrencies: [
+        { network: { chainId: '1' }, address: 'test-address-1' },
+        { network: { chainId: '1' }, address: 'test-address-2' },
+        { network: { chainId: '1' }, address: NATIVE_ADDRESS },
+      ],
+      errorCryptoCurrencies: null,
+      isFetchingCryptoCurrencies: false,
+      queryGetCryptoCurrencies: mockQueryGetCryptoCurrencies,
+    });
+  });
+
+  it('should select the first available crypto currency if native is not available and current selection is null', () => {
+    const mockQueryGetCryptoCurrencies = jest.fn();
+    (useSDKMethod as jest.Mock).mockReturnValue([
+      {
+        data: [
+          { network: { chainId: '1' }, address: 'test-address-1' },
+          { network: { chainId: '1' }, address: 'test-address-2' },
+        ],
+        error: null,
+        isFetching: false,
+      },
+      mockQueryGetCryptoCurrencies,
+    ]);
+
+    const { result } = renderHookWithProvider(() => useCryptoCurrencies());
+
+    expect(mockUseRampSDKValues.setSelectedAsset).toHaveBeenCalledWith({
+      network: { chainId: '1' },
+      address: 'test-address-1',
+    });
+    expect(result.current).toEqual({
+      cryptoCurrencies: [
+        { network: { chainId: '1' }, address: 'test-address-1' },
+        { network: { chainId: '1' }, address: 'test-address-2' },
+      ],
+      errorCryptoCurrencies: null,
+      isFetchingCryptoCurrencies: false,
+      queryGetCryptoCurrencies: mockQueryGetCryptoCurrencies,
+    });
+  });
+
+  it('should select the first available crypto currency if native is not available and current selection is not found', () => {
+    const mockQueryGetCryptoCurrencies = jest.fn();
+    (useSDKMethod as jest.Mock).mockReturnValue([
+      {
+        data: [
+          { network: { chainId: '1' }, address: 'test-address-1' },
+          { network: { chainId: '1' }, address: 'test-address-2' },
+        ],
+        error: null,
+        isFetching: false,
+      },
+      mockQueryGetCryptoCurrencies,
+    ]);
+
+    mockUseRampSDKValues.selectedAsset = {
+      // TODO(ramp, chainId-string): remove this ts-expect-error when chainId is string
+      // See https://github.com/MetaMask/metamask-mobile/pull/9415
+      // @ts-expect-error ts(2322)
+      network: { chainId: '1' },
+      address: 'test-address-3',
+    };
+
+    const { result } = renderHookWithProvider(() => useCryptoCurrencies());
+
+    expect(mockUseRampSDKValues.setSelectedAsset).toHaveBeenCalledWith({
+      network: { chainId: '1' },
+      address: 'test-address-1',
+    });
+    expect(result.current).toEqual({
+      cryptoCurrencies: [
+        { network: { chainId: '1' }, address: 'test-address-1' },
+        { network: { chainId: '1' }, address: 'test-address-2' },
+      ],
+      errorCryptoCurrencies: null,
+      isFetchingCryptoCurrencies: false,
+      queryGetCryptoCurrencies: mockQueryGetCryptoCurrencies,
+    });
+  });
+
+  it('should set selectedAsset to undefined if no crypto currencies are available', () => {
+    const mockQueryGetCryptoCurrencies = jest.fn();
+    (useSDKMethod as jest.Mock).mockReturnValue([
+      {
+        data: [],
+        error: null,
+        isFetching: false,
+      },
+      mockQueryGetCryptoCurrencies,
+    ]);
+
+    const { result } = renderHookWithProvider(() => useCryptoCurrencies());
+
+    expect(mockUseRampSDKValues.setSelectedAsset).toHaveBeenCalledWith(
+      undefined,
+    );
+    expect(result.current).toEqual({
+      cryptoCurrencies: [],
+      errorCryptoCurrencies: null,
+      isFetchingCryptoCurrencies: false,
+      queryGetCryptoCurrencies: mockQueryGetCryptoCurrencies,
+    });
+  });
+});