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What does the perfect, normie-friendly bitcoin (hot) wallet look like?

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Coinbase, considering they are the custodian of BlackRock and they have a debit card that allows you to spend BTC anywhere, and you earn 5% APY on USDC.

Most older people are invested in blackrock, and know it, so mentioning that they trust Coinbase with crypto assets may increase their trust in it as well.

The earning rate on USDC is crazy and blows any tradfi bank out of the water. I don’t hold any because I’m a bitcoin maxi but it’s still impressive.

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Discussion

HoloKat 1y ago 💬 1

Wow 5% I wonder how that’s possible … sus

Ancap Revolt 1y ago

I’m assuming, much like a traditional bank, that they lend the USDC you hold with them. I’m not sure how it works, but I know it does.

I was holding a few thousand as USDC before I decided to put almost everything into BTC in cold storage.

You also only get paid interest on up to $30,000. This prevents people using it like a retirement account