Cryptocurrency – Using Coinbase via an ERC-20 Address for Disbursement – PlayerAuctions Help Center

Important: we don't accept requests for access to disburse with coinbase for now.

If you choose to use Coinbase as your disbursement method on PlayerAuctions, we must ensure that you are using an ERC-20 address in order for you to receive your money. Please note that the minimum disbursement amount for this option is $2000.

Disbursements through Coinbase are charged at 3% of the total value of the disbursement. This will be reflected on the display level in your balance when switching to the Coinbase disbursement method on PlayerAuctions.

Small Volume Test

To make sure that you are able to receive payments through the address that you provide us, we will conduct a small volume test. It is important to first check this, as any crypto sent to a wrong address or an address that does not work will be lost forever.

When you attempt your first disbursement via Coinbase, you will be contacted by our Risk Management team for identity verification. Once you have verified your identity and payment method with our RM team, they will conduct a small volume test. The test will involve sending $1 of USDC to you and will require a $5 network fee, deducted from your total disbursement. Note: If you change your disbursement address, you will need to complete another small volume test when you attempt to disburse with it.

After you have confirmed to our RM team that you have received the small volume amount, your disbursement will be released. You will not be required to complete this test again unless you change your ERC-20 address.