Introduction
Coinbase is a popular digital currency exchange platform that allows users to buy, sell, store, and transfer cryptocurrency. It offers several different methods for transferring crypto from one account to another, including its Send/Request feature, Coinbase App, Coinbase Pro, Coinbase Commerce, external wallets, and Coinbase Custody services. This article will provide step-by-step instructions on how to send crypto from Coinbase to each of these options.
Utilizing Coinbase’s Send/Request Feature
The simplest method for sending crypto from Coinbase is to use its Send/Request feature. This feature can be accessed via the Coinbase website or mobile app.
How to Access the Feature
To access the Send/Request feature, log in to your Coinbase account. Once logged in, click on the “Send/Request” tab at the top of the page. You will then be taken to a page where you can enter the recipient’s email address or Coinbase username, the amount of crypto you wish to send, and the cryptocurrency you would like to send.
Step-by-Step Instructions for Sending Crypto
Once you have entered the recipient’s information, click “Send” to initiate the transfer. You will then be asked to confirm the transaction by entering your password and confirming the amount of crypto you are sending. After you have confirmed the transaction, the funds will be sent instantly to the recipient’s Coinbase wallet.
Sending Crypto Via Coinbase App
If you prefer to use the Coinbase mobile app, you can also use it to send crypto from Coinbase to another user’s Coinbase wallet.
Downloading & Setting Up the App
To get started, download the Coinbase app from the App Store or Google Play. Once the app is installed, open it and log into your Coinbase account. Select the “Send/Request” tab, which will take you to the same page as the website.
Step-by-Step Instructions for Sending Crypto
On the Send/Request page, enter the recipient’s email address or Coinbase username, the amount of crypto you wish to send, and the cryptocurrency you would like to send. Click “Send” to initiate the transfer. You will then be asked to confirm the transaction by entering your password and confirming the amount of crypto you are sending. After you have confirmed the transaction, the funds will be sent instantly to the recipient’s Coinbase wallet.
Using Coinbase Pro to Transfer Crypto
For more advanced users, Coinbase Pro can also be used to send crypto from Coinbase to another user’s Coinbase wallet.
Setting Up a Coinbase Pro Account
To use Coinbase Pro, you must first create an account. To do so, visit the Coinbase Pro website and click “Sign Up”. Enter your email address and create a password. Once your account is created, you will be asked to verify your identity by providing your name, address, and other personal information.
Step-by-Step Instructions for Sending Crypto
Once you have created and verified your Coinbase Pro account, you can begin sending crypto. Log in to your Coinbase Pro account and select the “Send/Request” tab. Enter the recipient’s email address or Coinbase username, the amount of crypto you wish to send, and the cryptocurrency you would like to send. Click “Send” to initiate the transfer. You will then be asked to confirm the transaction by entering your password and confirming the amount of crypto you are sending. After you have confirmed the transaction, the funds will be sent instantly to the recipient’s Coinbase wallet.
Exchanging Crypto via Coinbase Commerce
Coinbase Commerce allows users to exchange crypto with merchants and other users.
Signing Up for Coinbase Commerce
To use Coinbase Commerce, you must first create an account. Visit the Coinbase Commerce website and click “Sign Up”. Enter your email address and create a password. Once your account is created, you will be asked to verify your identity by providing your name, address, and other personal information.
Step-by-Step Instructions for Exchanging Crypto
Once you have created and verified your Coinbase Commerce account, you can begin exchanging crypto. Log in to your Coinbase Commerce account and select the “Exchange” tab. Enter the recipient’s email address or Coinbase username, the amount of crypto you wish to exchange, and the cryptocurrency you would like to receive. Click “Exchange” to initiate the transfer. You will then be asked to confirm the transaction by entering your password and confirming the amount of crypto you are exchanging. After you have confirmed the transaction, the funds will be exchanged instantly between the sender and recipient.
Transferring Crypto to an External Wallet
Coinbase also allows users to transfer crypto to external wallets.
Identifying a Compatible External Wallet
Before you can transfer crypto to an external wallet, you must identify a compatible wallet. Coinbase supports most major wallets, including MyEtherWallet, MetaMask, Ledger, Trezor, and KeepKey. Once you have identified a compatible wallet, you will need to create an account and link it to your Coinbase account.
Step-by-Step Instructions for Transferring Crypto
Once your external wallet is set up and linked to your Coinbase account, you can begin transferring crypto. Log in to your Coinbase account and select the “Send/Request” tab. Enter the recipient’s wallet address, the amount of crypto you wish to send, and the cryptocurrency you would like to send. Click “Send” to initiate the transfer. You will then be asked to confirm the transaction by entering your password and confirming the amount of crypto you are sending. After you have confirmed the transaction, the funds will be sent instantly to the recipient’s external wallet.
Moving Funds with Coinbase Custody Services
Coinbase also offers a Custody service, which allows users to securely move large amounts of crypto from one account to another.
Setting up a Coinbase Custody Account
To use Coinbase Custody, you must first create an account. To do so, visit the Coinbase Custody website and click “Sign Up”. Enter your email address and create a password. Once your account is created, you will be asked to verify your identity by providing your name, address, and other personal information.
Step-by-Step Instructions for Moving Funds
Once you have created and verified your Coinbase Custody account, you can begin moving funds. Log in to your Coinbase Custody account and select the “Move Funds” tab. Enter the recipient’s wallet address, the amount of crypto you wish to move, and the cryptocurrency you would like to move. Click “Move” to initiate the transfer. You will then be asked to confirm the transaction by entering your password and confirming the amount of crypto you are moving. After you have confirmed the transaction, the funds will be moved instantly to the recipient’s wallet.
Conclusion
Coinbase offers several different methods for transferring crypto from one account to another. These include its Send/Request feature, Coinbase App, Coinbase Pro, Coinbase Commerce, external wallets, and Coinbase Custody services. This article provided step-by-step instructions on how to send crypto from Coinbase to each of these options. By following these steps, users can easily and securely transfer crypto from Coinbase to their desired destination.
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