How to Send USDC

Overview

You can send USDC from your Bancoli Web 3 Wallet to any external EVM wallet address across five supported networks. All transfers are gas-free — Bancoli sponsors the network fees.

Every outgoing transfer requires Coinbase 2FA approval, the same two-factor authentication you set up when activating your wallet.

Step-by-step: Send USDC

1. Select or add a beneficiary

1. Go to Accounts → Web 3 Wallet and click Send.

2. Select an existing beneficiary from your list, or add a new one by filling in:

Wallet address rules:

• Must be a 42-character address starting with 0x

• Must be a personal EVM wallet address that can receive USDC on Ethereum, Polygon, Arbitrum, Base, or Optimism

• If the address is invalid, you will see: "Invalid address. Please enter a 42-character address starting with 0x."

2. Enter the amount

Enter the USDC amount you want to send. You must have sufficient balance in your wallet.

3. Add a memo

Enter an optional memo to help you and the recipient identify the payment.

4. Review the transfer

Review the USDC payout details page, which shows:

• Transfer details (amount, network, memo)

• Beneficiary details (name, wallet address)

5. Approve with Coinbase 2FA

Enter your Coinbase 2FA code to authorize the transfer. The transaction is submitted to the blockchain.

6. Confirmation

You will see a confirmation modal with a link to the transaction on the block explorer (e.g., basescan.org/{transactionHash}). You will also receive:

• A "transfer initiated" email immediately

• A "transfer completed" email once the transaction is finalized on-chain

How long does it take?

Are there any fees?

No. Bancoli sponsors all gas fees. You are not charged for sending USDC.

Can I cancel a transfer?

No. Once a transfer is submitted to the blockchain, it cannot be reversed or cancelled. Always verify the recipient's wallet address and network before confirming.