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does coinbase wallet support gusd
Coinbase Wallet supports GUSD, empowering users to securely store, transfer, and receive this stablecoin, backed by real US dollars held in reserve.
Nov 03, 2024 at 11:06 pm
Does Coinbase Wallet Support GUSD?
1. Understanding Coinbase Wallet
Coinbase Wallet is a non-custodial cryptocurrency wallet that allows users to store, send, and receive digital assets. It supports a wide range of cryptocurrencies, including Bitcoin, Ethereum, and many others.
2. GUSD Overview
Gemini Dollar (GUSD) is a stablecoin pegged to the value of the US dollar. It is issued by the Gemini Trust Company and is backed by real US dollars held in reserve.
3. Coinbase Wallet Support for GUSD
Yes, Coinbase Wallet does support GUSD. Users can store, send, and receive GUSD through their Coinbase Wallet accounts.
4. Adding GUSD to Coinbase Wallet
To add GUSD to Coinbase Wallet, follow these steps:
- Go to the "Add Coin" option in your wallet.
- Search for "Gemini Dollar" or "GUSD."
- Tap on GUSD and select "Add Coin."
5. Sending and Receiving GUSD
To send GUSD from Coinbase Wallet:
- Go to your GUSD balance and tap "Send."
- Enter the recipient's public address.
- Set the amount of GUSD to send.
- Review the transaction details and tap "Send."
To receive GUSD to Coinbase Wallet:
- Go to your GUSD balance and tap "Receive."
- Generate your public address or QR code.
- Share the address or QR code with the sender.
6. Fees
Coinbase Wallet does not charge any fees for storing, sending, or receiving GUSD. However, the sender may need to pay a small network fee when sending GUSD transactions.
7. Security
Coinbase Wallet employs robust security measures to ensure the safety of user funds, including:
- Two-factor authentication
- Encrypted private keys
- Support for hardware wallets
Conclusion
Yes, Coinbase Wallet supports GUSD, allowing users to securely store, send, and receive this stablecoin. With its user-friendly interface, Coinbase Wallet makes it easy to manage GUSD alongside other digital assets.
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