In my last post, I mentioned the possibility of bank runs due to past events and many recent events, namely the 1929 Crash and the Greek Debt Crisis. 

Now, you maybe thinking with the CV going around who could possibly want to have physical cash right? The truth is some people believe the CV is a hoax being used to hide the economic collapse being underway in the USA and the world. But thats not the point of the article, the point is those are the people still pulling out cash, and probably others due to other reasons. But how can we safely do a bank run without taking out physical cash? How can we do it before others catch up with herd mentality? Putting your US dollars on the blockchain!

There are ways to do for free with zero fees for as little as a dollar!!

All you need is a Coinbase Account and a Coinbase Pro account! (You use the same log-in credentials for both) 

If you don't have a Coinbase account yet, you can sign up for one using this link https://www.coinbase.com

Step 1

Connect your Bank Account to your Coinbase!

-You can do this by first clicking the little profile icon on the top right hand corner of the screen as shown below

-Click Settings 

-When you enter the settings click the tab that says Linked Accounts and Link New Account

The account you link is very important at this point. It will give you the option of Linking a Bank Account or a Debit card. If you want to get USDC with No Fees, You must Link a Bank Account, and verify the bank account is indeed yours.

Step 2

Buying USDC

-Once your Bank Account is connected you can purchase USDC Stable coin with No Fees! Click on the Home page

-On the Home page you will be able to see USDC available for purchase and proof of its stable price 

-When you click on the USDC Tile it'll bring you to a page to buy and on the bottom it'll show you which account you would like to purchase the USDC from.

Step 3

Although the USDC funds will be available for trading right away, it will take about 3-6 days for the funds to transfer from your bank account to the Circle Cash vault. They will safely be there being subject to audit and ready to be exchanged back to USD whenever you wish in the future.

Step 4

Transferring to Another wallet with no Blockchain Fees!

After the waiting period is done and over you can now transfer the USDC from your Coinbase account to your Coinbase Pro account and withdraw that USDC to your Ledger, or other hardware wallet that supports ETH Blockchain with No fees. Keep this in mind, If you use your Coinbase Account instead of your Coinbase Pro you will incur a fee for withdrawing but Not on Coinbase Pro.

You use the same Coinbase login for your Coinbase Pro account.

That is it! Digital Bank Run! A safer way to protect your Cash without physically handling the cash!

Not Financial Advice, Just my own Opinion!