Coinbase is definite a crypto exchange to consider for handling your Bitcoin deposit and withdrawal transactions.
To send Bitcoin to and from Coinbase is very easy.
However, we will explain to you how to send and receive Bitcoin to Coinbase anyway since a mistake can cost you your hard deserved Bitcoin.
Coinbase is one of the largest and most popular Bitcoin exchanges, especially in the US.
How to sign up and Login to Coinbase?
If you not already are a registered user with Coinbase you need to sign up.
- Sign up with Coinbase by clicking the blue button.
- Once registered, login to your Coinbase account.
How to Deposit Bitcoin to Coinbase?
When you have signed up and logged in to Coinbase you can now find your Bitcoin deposit address.
- Look after “Receive” in the upper right corner and click on the button
- Once you have clicked, you will receive a popup as shown in the screenshot below. This is a warning that you can only send Bitcoin to a Bitcoin address and Ethereum to an Ethereum address. Otherwise your crypto will be lost. Click “I understand”
Now you will get another popup where you will have the option to transfer fast if you are about to transfer to another Coinbase address.
3. If you are about to send crypto to another Coinbase address, press “Turn on instant transfers”, otherwise press “Skip for now”.
Finally, now we are at the withdrawal popup. This should look as the screenshot below. There you have both the QR-code and the address in a text lane. Also, you can press the two rectangles to the right of the text lane to copy the Bitcoin address.
Below the address field you can select what cryptocurrency you want to deposit. In the example below Bitcoin is selected.
Now you enter this Bitcoin address in the other crypto exchange where you are about to withdraw your Bitcoin from.
How to withdraw Bitcoin from Coinbase?
If you want to send, or withdraw, Bitcoin from Coinbase you can easily switch the popup from the deposit guide.
First you need a positive balance to withdraw and if you don´t already have that, read our guide on how to buy Bitcoin on Coinbase with credit card.
Also, you can just click in the upper right corner on the “Send” button.
Once you have clicked that button you will get a popup as the screenshot below.
First enter the amount you want to transfer. You can enter in USD or BTC and you switch between the currencies by clicking the two arrows to the right of the value.
After this, enter the destination Bitcoin address.
Add an optional note.
Select what wallet you want to pay the fees with.
Now you should see a screen similar to the screenshot below.
Here you see
- Bitcoin value in USD
- The amount of Bitcoin to be sent
- Destination Bitcoin address
- Coinbase fee
- Network fee
- Total amount to be sent in USD (Sending amount + all fees)
- Estimated time to receive this transaction
Where can I see my transaction history at Coinbase?
Many people wonder how they can generate a report to export all transactions.
Click on your name in the upper right corner and look for “Reports”
You will get to a screen as you can see in the background on the screenshot below.
Click on the blue button “Generate report”
Now you will get a popup as you can see in the screenshot below.
You can generate both PDF and CSV reports. Select the desirable time, asset and transaction type.
After this, click Generate report. Now wait a few seconds the button will transform into a “Download” button.
What is staking on Coinbase?
Staking is a popular service offered by more and more crypto exchange, including Coinbase.
With Coibase you can stake Tezos and Cosmos and by doing this you will earn passive income.
Staking for proof-of-stake blockchains is similar to what mining is for proof-of-work blockchains.
Read more about staking crypto at Coinbase.