What is Spell Token (SPELL)? 

Spell Token (SPELL) is a token that governs Abracadabra.money, a platform that lets users deposit collateral in the form of interest-bearing crypto assets (such as yvYFI, yvUSDT, yvUSDC, xSUSHI) in order to mint MIM, a stablecoin that attempts to maintain a value of US$1.00. SPELL can be staked to earn sSPELL, which grants governance rights and other rewards.

Which products support SPELL? 

  Send/Receive Trading
Coinbase           ✔      ✔
Pro           ✔      ✔
Wallet           ✔      ✖️

What regions support SPELL? 

  US NY CAN EU UK DE SG JP
Coinbase     ✔ ✖️    ✔  ✔  ✔ ✖️ ✖️ ✖️
Pro    ✔ ✖️    ✔  ✔  ✔ ✖️ ✖️ ✖️
Wallet  ✔  ✔    ✔  ✔  ✔  ✔  ✔ ✖️

Crypto to fiat trading pairs

  US UK EU
USD  ✔  ✖️  ✖️
GBP  ✖️  ✖️  ✖️
EUR  ✖️  ✖️  ✖️

Note: Coinbase Wallet does not support direct bank transactions. You’ll need to transfer your crypto to Coinbase.com or send it to an external address in order to cash out.

Crypto to crypto trading pairs 

   USDC BTC
ETH USDT
SPELL    ✖️   ✖️
 ✖️    ✔

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

Note: Only assets hosted on the Ethereum blockchain can be converted through the Coinbase Wallet mobile app at this time. Learn more about trading on Coinbase Wallet.

How many confirmations are needed for SPELL?

SPELL requires 35 network confirmations. Learn about transaction confirmations.

Which blockchain network hosts SPELL?

SPELL is hosted on Ethereum. 

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.