Coinbase to Add Direct Deposit Feature
Over the next few weeks, Coinbase was rolling out the ability for customers in the US to deposit their paycheck into the platform to more easily make regular crypto trades, spend on Coinbase Card, earn crypto rewards, and more.
Get paid in crypto or in US dollars and deposit as much or as little of your paycheck as you want. The future of payroll is coming.
Get easy and zero-fee access to crypto
There are many reasons why customers make frequent transfers into Coinbase: to make short or long-term investments, to earn interest on yield-generating assets, and to fund everyday purchases with Coinbase Card. However, customers tell us that making frequent transfers is time-consuming and inconvenient.
Now, you’ll save time on the extra steps it takes to move money so you can immediately earn interest on your income or earn crypto rewards with your Coinbase Card. Plus, you’ll pay zero transaction fees on direct deposit funds so you have instant and free access to the crypto economy.
Enter the future of payroll
As you begin to do more with your crypto from staking to spending to sending, we’re also making it easier for businesses to pay their employees in crypto. We’ve partnered with a number of companies, including Fortress Investment Group, M31 Capital, Nansen, and SuperRare Labs, to allow employees throughout the creator economy and financial services to enter the future of payroll.
- Crypto rewards are an optional Coinbase offer.
- If you choose to be paid in crypto, Coinbase will automatically convert your paycheck from US dollars to crypto with no transaction fees.
- Limits apply.
- No Coinbase transaction fees but a spread applies when we buy, sell, or trade cryptocurrencies. Other standard fees may apply and will be shared during Coinbase Card sign-up.