Magic Spend

What is Magic Spend?

Magic Spend is a powerful feature developed by Coinbase that lets you use funds from your Coinbase account directly for on-chain transactions, without needing to transfer them to your wallet first. Think of it as a direct bridge between your Coinbase account and on-chain activities.

Key Benefits

• Direct Trading Access: Use your Coinbase funds instantly for on-chain trading within Coin App

• No Pre-funding: Trade without moving funds to your smart wallet beforehand

• Gas Coverage: Gas fees are paid from your Coinbase account

• Seamless Experience: Complete transactions in one step instead of multiple transfers

How It Works

1. Trading: When you make a trade, Magic Spend automatically:

   • Checks your Coinbase account balance

   • Verifies the transaction details

   • Handles the fund transfer securely

2. Gas Fees: Magic Spend can:

   • Pay for gas fees directly from your Coinbase account

   • Ensure transactions don't fail due to insufficient gas

   • Handle gas payments automatically in the background

3. Deposits & Withdrawals: Magic Spend enables seamless fund movement:

   • Deposit funds from Coinbase directly within Coin App

   • Withdraw funds back to Coinbase without leaving the app

   • Process transfers securely using your Coinbase authentication

Important Notes

• Transactions are secured by your Coinbase account authentication

• Each transaction requires your approval

• Available for both token purchases and gas fees

• Works automatically - no additional steps needed

Best Practices

• Keep your Coinbase account connected for seamless transactions

• Ensure you have sufficient funds in your Coinbase account

• Review transaction details before approval

• Monitor your trading activity in both Coin App and Coinbase