Coinbase and MiCar

Hello Storj Team. Can you please get in touch with Coinbase that you exist.

That you are whitelisted as an Exchange that Coinbase will Send Tokens to the billing account

Hi @jensamberg , this issue has been forwarded internally and I will DM you to get more details while preserving your privacy.

Hi I was going to use Coinbase to buy Storj tokens and then send them to my Storj Deposit Address under billing and no longer use the credit card on file. Is this not possible? How does people buy tokens and send them to the Deposit Address

Yes, it is possible. Have you tried? Did it not work?

Hello @d1chapman ,
Welcome to the Forum !

Yes, this should be possible.
I think the issue with Coinbase and MiCar involves transactions of tokens that originate from the company via node payouts to European nodes. Not tokens that originate on Coinbase from a direct purchase of the token in your exchange account.

We are waiting for further internal guidance on that scenario.

Quick question do the Storj tokens you send to your Storj Deposit get converted instantly to USD for future storj monthly usage charges or do they stay as Storj which can have wild swings affecting how much you can store per token when converted to pay. Being converted right away would help in buying enough for a years worth, easier to plan.

The billing page for your satellite account offers an option to select your payment method. This is where you would choose “Add STORJ Tokens” which will then show the screen with STORJ deposit address and QR, it accepts only STORJ ERC20 Tokens via L1 (Ethereum) or L2 (zkSync Era only) to in order to be credited to your account in USD equivalent on the sent date.

https://supportdcs.storj.io/hc/en-us/articles/360037906911-How-can-I-use-the-STORJ-token-as-form-of-payment

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