diff --git a/packages/api/src/hooks/index.ts b/packages/api/src/hooks/index.ts
index db9c782955b0..b528d09c689d 100644
--- a/packages/api/src/hooks/index.ts
+++ b/packages/api/src/hooks/index.ts
@@ -36,3 +36,4 @@ export { default as useTransactions } from './useTransactions';
 export { default as useTransferBetweenAccounts } from './useTransferBetweenAccounts';
 export { default as useWalletAccountsList } from './useWalletAccountsList';
 export { default as useVerifyEmail } from './useVerifyEmail';
+export { default as useWalletMigration } from './useWalletMigration';
diff --git a/packages/api/src/hooks/useWalletMigration.ts b/packages/api/src/hooks/useWalletMigration.ts
new file mode 100644
index 000000000000..e760bb2de16f
--- /dev/null
+++ b/packages/api/src/hooks/useWalletMigration.ts
@@ -0,0 +1,51 @@
+import { useCallback } from 'react';
+import useAuthorize from './useAuthorize';
+import useInvalidateQuery from '../useInvalidateQuery';
+import useMutation from '../useMutation';
+import useQuery from '../useQuery';
+
+/** A custom hook to get the status of wallet_migration API and to start/reset the migration process */
+const useWalletMigration = () => {
+    const invalidate = useInvalidateQuery();
+
+    /** Make a request to wallet_migration API and onSuccess it will invalidate the cached data  */
+    const { mutate } = useMutation('wallet_migration', { onSuccess: () => invalidate('wallet_migration') });
+
+    const { isSuccess } = useAuthorize();
+
+    /** Fetch the wallet_migration API and refetch it every second if the status is in_progress */
+    const { data } = useQuery('wallet_migration', {
+        payload: { wallet_migration: 'state' },
+        options: {
+            refetchInterval: response => (response?.wallet_migration?.state === 'in_progress' ? 500 : false),
+            enabled: isSuccess,
+        },
+    });
+
+    const startMigration = useCallback(() => mutate({ payload: { wallet_migration: 'start' } }), [mutate]);
+
+    const resetMigration = useCallback(() => mutate({ payload: { wallet_migration: 'reset' } }), [mutate]);
+
+    const state = data?.wallet_migration?.state;
+
+    return {
+        /** The status of the wallet_migration API */
+        state,
+        /** A boolean to check if the status is not_eligible */
+        is_ineligible: state === 'ineligible',
+        /** A boolean to check if the status is eligible */
+        is_eligible: state === 'eligible',
+        /** A boolean to check if the status is in_progress */
+        is_in_progress: state === 'in_progress',
+        /** A boolean to check if the status is completed */
+        is_migrated: state === 'migrated',
+        /** A boolean to check if the status is failed */
+        is_failed: state === 'failed',
+        /** Sends a request to wallet_migration API to start the migration process */
+        startMigration,
+        /** Sends a request to wallet_migration API to reset the migration process */
+        resetMigration,
+    };
+};
+
+export default useWalletMigration;
diff --git a/packages/hooks/src/useWalletMigration.ts b/packages/hooks/src/useWalletMigration.ts
index 1c2d4a7186d3..bd1bbd53a3c0 100644
--- a/packages/hooks/src/useWalletMigration.ts
+++ b/packages/hooks/src/useWalletMigration.ts
@@ -2,7 +2,9 @@ import { useCallback } from 'react';
 import { useAuthorize, useFetch, useInvalidateQuery, useRequest } from '@deriv/api';
 import { useStore } from '@deriv/stores';
 
-/** A custom hook to get the status of wallet_migration API and to start/reset the migration process */
+/** A custom hook to get the status of wallet_migration API and to start/reset the migration process
+ * @deprecated This hook is deprecated. Please use the hook from @deriv/api instead.
+ */
 const useWalletMigration = () => {
     // TODO: delete it later, it's a temporary solution
     // because we have to check for authorize from client store before doing API call