Send from Coinbase
Coinbase is one of the most popular cryptocurrency exchanges and is considered the on-ramp to the crypto world. As of this writing, you can buy BTC, ETH, LTC, and BCC with fiat currency. Since the choices are limited, a lot of people will want to send their cryptocurrency to another exchange or private wallet. This guide will go step-by-step on how to send from Coinbase!
If you have not signed up for an account, please consider using my referral link! We both get $10 in BTC if you purchase more than $100.
NOTE: Sending from GDAX can save you money on transaction fees! Coinbase and GDAX are run by the same team/company, so you can transfer for free and then send from Coinbase. Check out the guide on how to withdrawal from GDAX for more information!
Steps to send from Coinbase
1. Go to the Coinbase website and sign in
2. Click on the “Accounts” tab
3. Find the cryptocurrency you want to send and click the “Send” button. In this example I will be sending ETH
4. There is an option to send to a “Wallet Address” or to an “Email Address”. This guide is focused on sending to another wallet so we will cover the “Wallet Address” option. Fill in the recipient and amount fields. In this example I am sending 0.1 ETH to the Bittrex exchange.
- Recipient – The address you are sending to. If sending to another exchange, they should have a deposit option that will show you the address to send to. Here’s a tutorial to deposit into Binance as an example.
- Amount – Enter in the dollar amount or cryptocurrency amount that you want to send
- Note – Optional. I recommend filling this out with where you are sending it because it helps with tracking later on!
5. Click the “Continue” Button
6. Confirm the transaction details, provide any needed security information, and then click the “Confirm” button.
7. A pop-up should appear showing your transaction is on the way (top screenshot). If you click the “View Details” button it will open a detailed window with your transaction info and the status as shown in the bottom screenshot. That’s it for sending, but I am throwing in a couple extra pieces of information below for checking the status.
If you go back to your “Accounts” tab and choose the wallet you just sent from the transaction will also appear with a status underneath it. Once it is completed the “Pending” will go away and it will be blank underneath.
The number of confirmations will give you an idea of how close the transaction is to being completed. As you can see in the screenshot below, my transaction has been confirmed 3 times. Each cryptocurrency is different though, so some might require 60 and others require 6. Once it’s completed you will see the status switch to “Completed” in the detail window for the transaction (bottom screenshot).
Sending from Coinbase is one of the easiest exchanges to send from. A lot of people start with Coinbase and then move onto other exchanges. The 3 great cryptocurrency tax resources article has some programs that can link to your Coinbase account and automatically track transactions for you. Be sure to check out the Exchanges tutorial page for more great guides of various exchanges!