Base Network is not a crypto asset, but a blockchain network designed to support dApps and provide solutions to blockchain ecosystem challenges. With low gas fees and high speeds, Base has become a popular choice for everyday transactions, including when you want to understand Layer 2 in more depth.

Key Points

  • Base Network is an Ethereum Layer-2 developed by Coinbase, offering fast transactions and low fees.
  • You can connect the Base Network to wallets like MetaMask by adding the network manually.
  • Withdrawing crypto assets from the Base Network to Mobee involves two steps: send from MetaMask to your Mobee wallet, then sell for Rupiah and withdraw the funds.
  • Ensure you use the correct wallet address and the Base Mainnet network to avoid losing assets.
  • Mobee provides crypto trading services and fiat withdrawals via secure, registered banks or e-wallets.
  • Always verify transactions with an OTP and double-check withdrawal details before confirming.

What Is Base Network?

Base is a Layer-2 scaling solution for Ethereum that speeds up transactions while leveraging the secure Ethereum mainnet. Developed by Coinbase, the Base Network aims to make blockchain accessible to more users with a secure, affordable, and user-friendly platform for decentralized applications (dApps).

Key Features of Base Network

  1. High Security: Base inherits Ethereum's security and focuses on protecting assets and smart contracts, providing confidence for developers and users alike.
  2. EVM Compatibility: Base is compatible with the Ethereum Virtual Machine, making it easy for projects to migrate or connect with the Ethereum and Coinbase ecosystems.
  3. Scalability: Base processes transactions much faster and cheaper than Ethereum Layer 1, making it ideal for DeFi, gaming, and NFTs.
  4. Open Source: Built on the MIT-licensed OP Stack, Base contributes to open-source development and collaboration with Optimism.
  5. Coinbase Support: As a Coinbase product, Base is integrated with Coinbase services and has access to a large user base.
  6. Growing Ecosystem: Many dApps and DeFi protocols have launched versions on Base, offering a wide range of opportunities for users.
  7. Low Fees: Gas fees on Base are significantly cheaper than on the Ethereum mainnet, making microtransactions economical.

Can the Base Network Be Connected to Other Wallets?

Certainly, the Base Network can be connected to various popular crypto wallets such as MetaMask, Coinbase Wallet, and Trust Wallet. Here is a guide to connecting the Base Network to MetaMask.

Guide to Connecting the Base Network to MetaMask

  • Open MetaMask: Open the MetaMask extension in your browser or mobile app.
  • Switch Network: Click the network button at the top and select 'Add network'.
  • Add a New Network: Select 'Add a network manually'.
  • Enter Network Information: Fill in the following details:
  • Save and Connect: Click 'Save' and the Base Network will be added to your network list.

How to Withdraw Crypto Assets via Base Network to Mobee

Once your wallet is connected to the Base Network, you can withdraw crypto assets from the Base Network to Mobee. This process involves two main stages: sending assets from MetaMask to your Mobee wallet, then selling them for Rupiah and withdrawing the funds.

Stage 1: Send Assets from MetaMask to Mobee

  • Select Network: Open MetaMask and ensure the selected network is 'Base Mainnet'.
  • Select Send Menu: Click 'Send' and enter your Mobee wallet address. Ensure the address is correct.
  • Enter Amount: Specify the amount of assets you wish to send, then confirm the transaction.
  • Wait for Confirmation: The transaction will be processed on the Base network. You can monitor its status on the blockchain explorer.

Step 2: Sell and Withdraw Funds on Mobee

  • Sell Assets: Once your assets are in your Mobee wallet, open the Mobee app and sell them for Rupiah (IDR) using the spot tradefeature.
  • Select Withdrawal Service: Once your Rupiah balance is available, go to the 'Wallet' menu and select your withdrawal method (bank or e-wallet).
  • Enter Amount: Enter the amount of Rupiah you wish to withdraw and select your destination account.
  • Confirm Transaction: Review your withdrawal details, then confirm.
  • OTP Verification: Enter the OTP code sent to your registered email to complete the transaction.
  • Transaction Successful: Your funds will be processed and sent to your account. Keep your transaction receipt.

Safe Withdrawal Tips for Base Network

  • Always double-check the destination wallet address. Incorrect addresses can lead to permanent loss of assets.
  • Use the Base Mainnet, not the testnet, for real transactions.
  • Ensure you have enough ETH on the Base Network to cover gas fees.
  • Never share your private key or seed phrase with anyone.
  • Perform a small transaction first to test.
  • Keep transaction records for tax and reporting purposes.

Cost and Speed Comparison

The Base Network offers significantly lower transaction fees compared to the Ethereum mainnet. Here is a general comparison:

Network Average Gas Fee Transaction Speed
Ethereum Mainnet High ~15 seconds
Base Network Low ~2 seconds
Solana Very Low ~0.4 seconds

Note: Fees and speeds may change depending on network conditions.

Common Withdrawal Mistakes

  • Sending to an incorrect address or one that does not support the Base Network.
  • Forgetting to include gas fees, causing the transaction to fail.
  • Failing to verify the network in MetaMask before sending.
  • Ignoring transaction confirmation on the blockchain explorer.
  • Not enabling two-factor authentication (2FA) on your Mobee account.

Ready to withdraw your crypto assets from the Base Network? Open the Mobee App now and enjoy the ease of buying, selling, and withdrawing funds to your bank account or e-wallet. Visit Mobee for more information.

FAQ

Base Network is an Ethereum Layer-2 solution developed by Coinbase to help speed up transactions and reduce transaction costs.

Open MetaMask, select the option to add a network, then add Base Mainnet using the appropriate network details.

Fees may vary depending on Base Network conditions and any applicable withdrawal fees on Mobee. In general, transaction fees on Layer-2 networks such as Base are relatively low.

Yes. You need ETH on Base Network to pay the gas fee when making transactions on the network.

Transactions on Base Network can generally be processed within seconds to a few minutes. The time for assets to appear in your Mobee account may vary depending on network confirmations and the applicable deposit process.

Disclaimer:
This content is intended to provide additional information to readers. Always conduct your own research before investing. All crypto asset trading and investment activities are the sole responsibility of the reader.

‍

Akses market langsung dari aplikasi

Mulai eksplorasi aset digital dengan Mobee

Pantau market, pelajari aset digital, dan mulai transaksi dengan lebih praktis melalui Mobee App.

Buka Mobee App →
Mobee berizin dan diawasi OJK.
Informasi bukan ajakan membeli atau menjual aset.