✳️ dcposch on daimo pfp
✳️ dcposch on daimo
@dcposch.eth
What's the best stablecoin onramp? Looks like Circle charges ~3% for card transactions, 0.2% for ACH and $8 for wires. Is that the best you can do? I *think* Coinbase users can ACH in $1000, then withdraw 1000 USDC. Are they just eating the cost as a loss leader? https://www.circle.com/en/pricing#payments
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jesse.base.eth 🔵 pfp
jesse.base.eth 🔵
@jessepollak
Coinbase has fee free fiat to USDC!
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✳️ dcposch on daimo pfp
✳️ dcposch on daimo
@dcposch.eth
like, directly from fiat to USDC address? or fiat > Coinbase account > convert to USDC > withdraw to address?
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jesse.base.eth 🔵 pfp
jesse.base.eth 🔵
@jessepollak
runs through Coinbase account right now or CBPay
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Phil Liao pfp
Phil Liao
@philipliao
Aside - USDC is an excellent token to on-ramp users with imo. Can go directly from USDC, no ETH, and still trade. Currently happening on Polygon w/ the Robinhood wallet
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Greg pfp
Greg
@greg
afaik the USD and USDC books are unified so no need to convert within Coinbase anymore. But there might still be a few day settlement between ACH and free to withdraw. I’ve only gone the other way recently and it was v smooth with no waiting time
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miguelito pfp
miguelito
@mc
You can buy USDC directly with fiat for no fee on Coinbase No need to convert Small fee to move to other wallet
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