If you’re using Coinbase to store your cryptocurrency, you may want to move it to another wallet at some point. Maybe you’re transferring to a different exchange or sending it to someone as a payment.
Whatever the reason, if you’re looking to transfer money out of Coinbase, here’s how to do it.
Before you begin, make sure that the receiving address is compatible with Coinbase. If it’s a Bitcoin address, it will need to be a SegWit address ( beginning with “3” or “bc1”).
If it’s an Ethereum address, it will need to be an ERC20 address. If you’re not sure, you can check with the receiving party or look up the address on a blockchain explorer.
Once you have the compatible address, log in to your Coinbase account and go to the “Send/Receive” page. On this page, you’ll see all of the cryptocurrency wallets that are associated with your account.
Find the wallet that contains the currency you want to transfer and click “Send.”.
On the next page, enter the amount of currency you want to send in the “Amount” field. Then paste or type in the receiving address in the “Recipient” field.
Make sure everything is correct and then click “Continue.
On the next page, Coinbase will ask for your confirmation. Once you confirm that everything is correct, click “Send Now.
” Your transaction will then go into pending status and should be completed within a few minutes.
Coinbase will send an email notification when the transaction is complete. You can also check the status of your transaction by going back to the “Send/Receive” page and selecting the relevant wallet.
The status of your transaction will be displayed under the “Recent Activity” section.
That’s all there is to it! With just a few clicks, you can easily transfer money out of Coinbase and into another wallet.