Coinbase Wallet Adds Bank Transfers for USDC

Coinbase Wallet users can now receive funds directly from their bank accounts.

This feature is available to most users worldwide and promises to make funding your wallet as easy as pie.

No-Fee Bank Deposits with Coinbase Wallet

Through the Coinbase Wallet mobile app, users can now create virtual accounts to accept cash deposits from banks. These deposits are converted into USDC without any fees. This service is a breeze for anyone looking to set up recurring deposits from payroll, savings accounts, or other bank accounts.

Virtual accounts are especially handy for those who like to plan. Whether you’re topping up your wallet to make regular crypto investments or earning rewards through USDC, this feature helps you keep your wallet flush without breaking a sweat.

By enrolling in USDC Rewards, you can even earn extra while your money sits securely in your wallet. This update removes the hassle of relying on external services to fund your crypto wallet. Now, your bank and your crypto wallet can work together seamlessly.

More About Coinbase Wallet

The Coinbase Smart Wallet allows users to create an account in seconds without downloading an app or browser extension. This seamless setup is powered by passkeys, which are securely generated and stored directly on users’ devices.

For added convenience, passkeys are backed up and synced across devices using iCloud or Google Password Manager, ensuring secure access wherever you go. Beyond effortless account creation, the Smart Wallet unlocks a world of possibilities, from managing subscriptions and one-click NFT mints to automating investments and more.

Disclaimer

The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.