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.