How to Send and Receive Crypto on Coinbase in 2024?

Can I Send Bitcoin to Coinbase? Sending and receiving crypto through Coinbase, Supported currencies to send and receive

In this article, we will explain How To Send and receive Crypto on Coinbase Account using easy steps and what supported cryptocurrencies to send and receive through a Coinbase account or wallet. So please go through the complete article to get complete details.

What is Coinbase?

Coinbase is a secure online platform that allows users to buy, sell, transfer, and store cryptocurrencies including Bitcoin, Ethereum, etc. in an easy process. Sending and Receiving crypto between online crypto balances, merchants or friends is free on Coinbase. There is no need to worry while sending and receiving crypto as Coinbase takes care of security and backups. Coinbase is a platform on which many applications are built using its API.

How To Send and Receive Crypto on Coinbase?

Send and receive funds can be used through a Coinbase account or wallet. Sending and receiving options are available on both Web and Mobile apps.

Sending Cryptocurrency on Coinbase

There are two ways to send Crypto on Coinbase such as:

1. Off-Chain
2. On-Chain

Off-Chain: Usage of Off-Chain Sends is applied when a user sends to a cryptocurrency address who is another Coinbase user using their phone number, email address, or user name.

Off-chain sends are usually used for instant send and there will not be charged any transaction fees.

On-Chain: Usage of On-Chain sends applied when a user sends funds from Coinbase to an external address on the blockchain.

On-chain sends are irreversible and there will be charged transaction fees for this type of sends.

Funds can’t be retrieved on Coinbase once sent to the incorrect address or using the incorrect network.

How To Send Crypto on Coinbase Using the Web? Easy Steps

Step 1: Go to Dashboard and select Send/Receive on the toolbar.

Step 2: Click on Send and enter the amount of crypto you want to send.

Step 3: Select pay with and choose the cryptocurrency.

Step 4: Enter the Crypto address, phone number, or email address of the person you want to send.

Step 5: Write a note (Optional)

Step 6: Select Continue to review the details.

Step 7: Select the network you want to send on.

Step8: Select Send Now

How To Send Crypto on Coinbase Using Mobile App? Easy Steps

Step 1: Click on the Send option on the Home tab.

Step 2: Select the Cryptocurrency from which you want to send.

Step 3: Enter the amount of Crypto you want to send.

Step 4: Enter the crypto address, email id, and Phone number to send.

Step 5: You can also use the recipient’s QR code to scan and get the details to send.

Step 6: Select the network you want to send on.

Step7: Write a Note (Optional)

Step 8: Confirm the transaction details.

Step 9: Select Send Now.

Receiving Cryptocurrency on Coinbase

You can share your unique cryptocurrency address to receive funds through a web browser or mobile app once signing in. You can control if you want your crypto address to be verified as a Coinbase user when you select the option Instant Sends in the privacy setting.

If you select the option Instant Sends then users can send the money instantly without any transaction fees.

If you do not select the option Instant Sends in the setting then any sends to your crypto address will be charged some transaction fees.

How To Receive Crypto on Coinbase Using the Web? Easy Steps

Step 1: Go to the Dashboard and select Send/Receive on the toolbar.

Step 2: Select Receive. Make sure to turn on the Instant Transfer option if this is the very first transaction made by you.

Step 3: Select the Asset and choose the cryptocurrency you want to receive.

Step 4: Select the network you want to receive on.

Step 5: After selecting the address, the QR code and address will be generated.

How To Receive Crypto on Coinbase Using Mobile App? Easy Steps

Step 1: Select Receive on the Home tab.

Step 2: Select the Asset you like to receive.

Step 3: Select the network you want to receive on.

Step 4: After selecting Asset, a QR code and address will be generated.

How to Send Bitcoin to Coinbase?

As Bitcoin is one of the supported cryptocurrencies on Coinbase, you can send/receive Bitcoin on Coinbase through a web browser or Mobile app. And Coinbase or Crypto wallet can be used for the transaction. Bitcoin can be sent from one exchange to another exchange easily.

• Go to the Coinbase Dashboard and select Send/Receive.

• Choose Receive and select Bitcoin.

• A unique address will be generated for Bitcoin.

• Copy the address of Bitcoin.

• Go to Binance and click on “Fiat and Spot” and click on Withdraw.

• Select the coin you want to transfer.

• Paste the bitcoin address that you got from Coinbase.

• Select to send Bitcoin through the cryptocurrency’s native blockchain.

• Fill in the amount and click on Finish.

How to Transfer Crypto from Coinbase Wallet to Coinbase Account

Transferring Crypto from the Coinbase Wallet to the Coinbase Account is very easy and it can be done by linking the Coinbase Wallet to Account and Account to Wallet.

How to transfer from Coinbase account to Coinbase Wallet:

• Go to Coinbase Wallet and then Settings.
• Click on Buy/Transfer.
• Select Crypto and enter the amount.
• Click on Continue.

How to transfer from Coinbase wallet to Coinbase account:

• Go to Coinbase Wallet.
• Click on Send and enter the amount.
• Select the Coin.
• Enter the address of the Coinbase Account.
• Click Next to Finish.

How to Withdraw Crypto From Coinbase to Another Wallet?

Here you can learn about How to withdraw Crypto from Coinbase to another Wallet.

• Go to the Coinbase Pro App.
• Click on the Trading View.
• Choose Wallet Balance and select the Withdraw option.
• Select the Cryptocurrency.
• Select the address to send crypto under the “To” field.
• Enter the amount you like to send and click on Withdraw.

Conclusion

In summary, sending cryptocurrency on Coinbase remains a straightforward process. Coinbase continues to be an efficient and user-friendly platform for buying, selling, and storing various cryptocurrencies, including Bitcoin.

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