If you’re using Coinbase Wallet, you’re in for a treat, as they’ve just rolled out a feature that makes managing your finances smoother than ever. Now, you can fund your wallet with bank transfers.
Bridge between tradfi and crypto
Thanks to the Coinbase Wallet mobile app, users can now create virtual accounts to accept cash deposits straight from their banks, and here’s the kicker: these deposits are converted into USDC without any fees.
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Whether you’re setting up regular deposits from your paycheck or just moving some savings around, this feature is a game-changer.
For those of you who love planning ahead, virtual accounts are a lifesaver, because they make it super easy to keep your wallet topped up for those crypto investments or to earn rewards through USDC.
Imagine not having to rely on third-party services anymore, your bank and crypto wallet can finally be best buddies.
But keep in mind, custodial wallets and banks are in fact third parties on their own.
USDC rewards
If you enroll in USDC Rewards, you can even earn some extra cash while your funds chill in your wallet.
This update is all about convenience and making your crypto experience as seamless as possible, but what do we need to own a Coinbase Smart Wallet?
Setting up an account is a breeze, as you don’t even need to download an app or browser extension, and it’s all powered by passkeys that are securely generated and stored right on your device.
Recovery
And for those who worry about losing access, don’t! Your passkeys can be backed up and synced across devices using iCloud or Google Password Manager. So whether you’re on your phone or laptop, you’re covered.
The Smart Wallet lets you manage subscriptions, mint NFTs with a single click, automate investments, and so much more. It’s like having a personal finance assistant right in your pocket, quite convenient!
