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Seeking Advice: How to pay a freelancer with USDC on Coinbase – Is that smart ?

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by COINS NEWS 83 Views

Hello everyone,

I'm currently facing a situation where I need to make a payment to a freelancer who specifically prefers receiving crypto, particularly in USDC. I'm contemplating using Coinbase for this transaction, but I'm concerned about potential high fees, especially considering the payment is around $1k.

My primary uncertainty lies in understanding the deposit fees when transferring $1k from my bank account to Coinbase. Despite extensive searches, I couldn't find reliable information on this aspect. Additionally, I'm curious about the transaction and network fees involved when sending the USDC to the freelancer.

As a beginner in this field, any help is welcome. Are there better alternatives to Coinbase for such transactions, and how can I optimize the process to minimize fees?

Thanks in advance for any assistance or advice you can provide!

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