https://blog.coinbase.com/now-get-your-paycheck-deposited-into-coinbase-116fe1d073ce?gi=c84f29e80e5f I'm so pumped for this. Not a fan of Coinbase but it's a start
What do you think about volatility? Imagine getting a deposit then it goes down by 50% overnight
Depends on the coin. If you buy ETH or BTC, chances of 50% is relatively low
How come no one ever talks about "what if I buy and crypto goes up 50% overnight?" It goes up as much or more as it goes down
Sounds like marketing BS. Just buy whatever amount of crypto you want from an exchange that doesn't have astronomical fees like Coinbase. Want to get paid in crypto? Do this with your entire paycheck
Get USDC as your paycheck-earn 0.15% APY,spend through Coinbase card -earn 4% XLM token as card cash back ,stake XLM in third party platform and earn interest (grow your passive crypto) . You can move USDC to Coinbase pro (to avoid higher fees,0.5%) and buy crypto whenever market drops or using dollar average method .
godlike
0.5% fee is still high
Better saving + checking + crypto brokerage accounts combined. Why the heck not?
Shill harder Coinbase lol jk I'm on board. But I can't put 100%.. I need $$$ to pay rent etc... unless I can pay that directly from my Coinbase account? 🙏🏽
I’m hoping for that too! Still need bank account for bills lol
Suppose a $5k paycheck gets deposited in coinbase as Bitcoin. You need $4k to cover bills. But Bitcoin goes down 30% in a week now you only have $3500. Too much volatility to be used as a currency
I plan on paying bills with USDC.
Duh. I don’t think even the biggest bitcoin fans think it’s a stable currency today.
crypto.com is alternative
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Honest questions: why can't I just take my paycheck and buy on coinbase myself? Don't they have something like automatic recurring buys too? What's the incentive for a company to offer this to employees
You have to wait for Paycheck to settle in checking account Deposit money into Coinbase or other exchange Wait for settlement before you can move purchased coins off an exchange You don't want to keep coins on an exchange longer than you need to. That's how you end up with "x customers lose millions in crypto after exchange is hacked/disappears/owner steals coins/etc Coin as deposits take 6 days to clear. Binance takes 10. Fiat moves through the system extremely slow. 1 business day here. 3 businesses days there. Hey it's a holiday, wait longer lmao. The crypto world moves fast. Having the freedom to do whatever you want with your money immediately is a huge plus
Say there's some crypto event I want to get in on, like a new coin Recently I had to: Sell RSU, wait 2 business days for settlement Withdraw to checking account (2 business days) Deposit on Coinbase, instant availability to buy on their platform Buy ETH immediately, but can't withdraw the eth to my wallet so I can use it on uniswap for 6 calendar days. That's almost 2 weeks. To give you an example, the Time NFT drop was announced by the CEO about 24 hours before the minting started. No way I could get in on that and do a 3x flip if I didn't already have ammo in my crypto wallet