Deposit from Base to Peanut

Send USDC or USDT on Base. Free deposits, confirmed in under 5 minutes. Native for Coinbase users.

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How to Deposit from Base to Peanut

Base is Coinbase's Layer 2 network, making it the most natural deposit path if you use Coinbase. Send USDC or USDT on Base and your balance will be available in under 5 minutes. No fees from Peanut, no KYC required for deposits, and no minimum amount. Coinbase users benefit from native Base support with minimal or no withdrawal fees.

Once your deposit lands, your balance is held in digital dollars. From there you can pay at over a million merchants in Argentina via Mercado Pago QR, send Pix in Brazil, transfer money to anyone, or withdraw to any bank account in 40+ countries.

Before You Start

Make sure you have the following before initiating a Base deposit:

• A Peanut account. No identity verification required for deposits. You can deposit immediately after creating your account.

• USDC or USDT on the Base network. If you have funds on Coinbase, you can withdraw directly to Base with minimal fees.

• A wallet or exchange that supports Base withdrawals. Coinbase natively supports Base. Other major exchanges are increasingly adding Base support.

Step-by-Step: Deposit from Base

1. 1

   Open the Peanut app

   Tap "Deposit" from your home screen to reach the deposit options.

2. 2

   Select Base

   Choose Base as the network. The app displays your EVM deposit address (0x format) — this is the same address used across Base, Arbitrum, Polygon, Ethereum, and Avalanche.

3. 3

   Choose your stablecoin

   Select USDC or USDT. Both are accepted on Base.

4. 4

   Copy the deposit address

   Copy the deposit address exactly as shown. This is your personal reusable address.

5. 5

   Send from your wallet or Coinbase

   Open your wallet or Coinbase, select "Base" as the network, paste the Peanut deposit address, enter the amount, and confirm the transaction. Coinbase users: withdraw to Base for the lowest fees.

6. 6

   Wait for confirmation

   Your balance updates automatically once the transaction confirms on-chain — typically under 5 minutes.

Confirmation Times

Base deposits are fast and reliable:

• Typical confirmation: 1-5 minutes. Base produces blocks every 2 seconds with fast finality. Most deposits appear in your Peanut balance within minutes.

• Available 24/7/365. No business day restrictions. Deposits arrive any time of day, on weekends and holidays.

If your deposit does not appear within a few minutes, check the transaction on Basescan. If confirmed on-chain but not in Peanut, contact support with the transaction hash.

Fees

• Peanut deposit fee: free. No fees from Peanut. Gas fees on the Peanut side are covered by Peanut.

• Sender-side gas fee. You pay the Base network gas fee when sending — typically under $0.01 per transaction. Base consistently has some of the lowest gas fees among all networks. Gas is paid in ETH on Base.

• Coinbase withdrawal fee: minimal or free. Coinbase natively supports Base withdrawals with minimal or no fees — making it the cheapest exchange-to-Peanut path for Coinbase users.

• Other exchange withdrawal fees. Other exchanges may charge their own withdrawal fee for Base. Check your exchange for specifics.

For a complete fee overview, visit the pricing page.

Supported Stablecoins on Base

Both are ERC-20 tokens on Base. Only send tokens on the Base network — not Ethereum mainnet or another chain.

Peanut does not accept ETH, wrapped BTC, or any other tokens on Base. Unsupported tokens sent to the deposit address will not be credited and may not be recoverable.

Get Started with Peanut

Deposit from Base in minutes. Free, fast, and ideal for Coinbase users.