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does coinbase wallet support usdt
Coinbase Wallet facilitates the management of USDT (Tether), a stablecoin pegged to the US dollar, allowing users to add, receive, send, and track USDT transactions conveniently within the wallet application.
Nov 01, 2024 at 07:02 am
Does Coinbase Wallet Support USDT?
Yes, Coinbase Wallet supports USDT (Tether), a stablecoin pegged to the US dollar. Here's how to manage USDT in Coinbase Wallet:
1. Set Up Your Coinbase Wallet
- Download the Coinbase Wallet app on your device.
- Create a new wallet or import an existing one.
- Set up a strong password and securely store it.
2. Add Tether (USDT)
- Tap the "Assets" tab in the Coinbase Wallet app.
- Select "Add USDT."
- Enter the amount of USDT you wish to add and select "Continue."
- Choose your preferred payment method and follow the on-screen instructions to complete the purchase.
3. Receive USDT
- Generate a unique USDT address in Coinbase Wallet by tapping "Receive."
- Share this address with the sender who is sending you USDT.
- Once the transaction is confirmed, your USDT will be deposited into your Coinbase Wallet.
4. Send USDT
- To send USDT, tap "Send."
- Enter the recipient's USDT address and the amount you want to transfer.
- Review the transaction details and tap "Continue."
- Authorize the transaction and pay the network fee.
5. Track Your USDT
- You can view your USDT balance, transaction history, and swap it for other supported cryptocurrencies within Coinbase Wallet.
- Tap on the "USDT" asset to access these options.
Please note:
- Coinbase Wallet supports USDT on Ethereum (ERC-20) and Polygon (Matic) networks.
- Network fees may apply when sending or receiving USDT.
- Tether is a stablecoin, but its value can fluctuate slightly from its peg to the US dollar.
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