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What is BitDAO (BIT)? 

BIT (BitDAO) is an Ethereum token that governs BitDAO, a protocol designed to support builders of decentralized technologies. BitDAO plans to provide grants for development of decentralized technologies including DeFi apps, governance protocols, layer 1 or layer 2 blockchains, privacy, and NFTs. Proposals, treasury allocations, and protocol changes can be voted upon by BIT token holders.

Note: Coinbase only supports BIT on the Ethereum blockchain (ERC-20).

Which products support BIT? 

Coinbase          ✔     ✔
Pro          ✔     ✔
Wallet          ✖️     ✖️

What regions support BIT? 

Coinbase    ✔   ✔ ✔ ✔✖️✖️
Pro   ✔   ✔ ✔ ✔✖️✖️
Wallet✖️✖️   ✖️✖️✖️✖️✖️✖️

Crypto to fiat trading pairs

USD  ✔ ✖️ ✖️
GBP ✖️ ✖️ ✖️
EUR ✖️ ✖️ ✖️

Crypto to crypto trading pairs 

GST    ✖️  ✖️
  ✖️   ✖️

See the full list of countries that Coinbase supports for crypto-to-crypto trading.

How many confirmations are needed for BIT?

BIT requires 14 network confirmations. Learn about transaction confirmations.

Which blockchain network hosts BIT?

BIT is hosted on the Ethereum Network. 

What are the minimum and maximum withdrawal amounts?

Coinbase has implemented safeguards to ensure a healthy and efficient network both on-chain and through our platform.

These safeguards include both minimum and maximum amounts for each cryptocurrency we allow customers to send through the blockchain. These amounts vary by asset and are subject to change.

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