Coinbase is one of the most popular platforms for crypto exchanges. It has simplified the process of buying, selling, and sending cryptocurrencies. However new users need help figuring out how to transfer crypto from Coinbase into other wallets. If you are the one, you have come to the right place. By continue reading you can learn how to send crypto from Coinbase. You can transfer crypto from Robinhood to Coinbase, send crypto to a different wallet, or transfer funds into a bank. But you must know that you may be charged a fee to send crypto from Coinbase into another wallet or bank account.
Standard transaction fees will apply if you transfer your crypto from Coinbase into another wallet. Be aware of the costs associated with any cryptocurrency you transfer. The wait time for processing on the blockchain can also vary depending on how congested it is. Depositing and withdrawing from a single crypto wallet are best to avoid confusion and unnecessary fees. So, let’s begin and learn more about it.
How to Send Crypto from Coinbase?
It is quite simple to send cryptocurrency from your Coinbase wallet to another wallet. Follow the steps to mention below to send any cryptocurrency from Coinbase to another wallet:
· Open the Coinbase app on your phone and access your account.
· You can find the Send/Receive button in the upper right corner of your dashboard.
· Enter the amount you want to send in the "Send" tab. If you have more than one type of cryptocurrency in your account, you can change between them.
· Enter the recipient's wallet address carefully. This address needs to be fixed to prevent the recipient from losing money.
· At last, re-check all transaction details, including recipient address and amount. And then confirm the transfer.
How do you send money from Coinbase to a bank account?
To transfer money from Coinbase to a bank account, you must first sell your cryptocurrency and withdraw your local currency. Here is how to send money from Coinbase to bank account:
· Select the cryptocurrency you wish to sell from your Coinbase dashboard and click 'Sell.
· Enter the amount that you want to sell in your local currency.
· Select 'Withdrawal' from your fiat wallet. Enter the amount to be transferred and select your bank account.
· Confirm your withdrawal details and complete the procedure. The money should be in your account within few working days.
FAQ
How to Send Crypto from Robinhood to Coinbase?
Robinhood currently does not allow crypto assets to transfer out. You can still sell your cryptocurrency on Robinhood and transfer the funds to your bank account. Then, use these funds to purchase crypto on Coinbase.
Can I Send Any Cryptocurrency from Coinbase to Another Wallet?
Coinbase does support sending multiple cryptocurrencies to different wallets. To avoid losing funds, make sure the recipient's wallet supports the cryptocurrency you are sending.
Are There Any Fees for Sending Cryptocurrency from Coinbase?
Coinbase can charge a fee to send cryptocurrency outside the Coinbase platform. This fee depends on the wallet that you are using or the amount of crypto which you want to send out.
How Long Does It Take to Send Cryptocurrency from Coinbase to Another Wallet?
The answer to how long does it take to send crypto from Coinbase to another wallet depends on the type of cryptocurrency and its current network state. Some transactions can be completed in minutes, while others could take hours or even days, so it varies from user to user.