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
Trading: When you make a trade, Magic Spend automatically:
Checks your Coinbase account balance
Verifies the transaction details
Handles the fund transfer securely
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
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
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