How To Transfer Crypto From Crypto.com To Coinbase

Moving cryptocurrency between different currency exchanges can sometimes be a bit tricky. This article will detail exactly what crypto and crypto exchanges are. It will then provide a guide to moving crypto between two of the most popular exchanges, Crypto.com and Coinbase. Frequently asked questions will then be addressed.

Quick dive into cryptocurrencies and crypto exchanges

Cryptocurrency, commonly known as crypto, is a digital currency. Crypto is different from standard currencies, such as the US dollar, in that it is not centrally managed. Management and maintenance activities are instead carried out by Internet users from all over the world.

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You can use crypto to buy goods and services like regular currency, but it’s more commonly used for investment purposes. Although you’ve probably heard of the most popular cryptocurrencies such as Bitcoin and Ethereum, there are actually over 21,000 cryptocurrencies in circulation today.

Crypto can be bought, sold, and traded through cryptocurrency exchanges. Exchanges allow the user to buy crypto using traditional currency or withdraw crypto in exchange for traditional currency. Crypto funds can also be moved between different exchanges.

This can happen between two different users, or a single user can transfer their own funds. There are many reasons why a user may choose to move crypto funds from one exchange to another.

To name a few, different exchanges offer different levels of security, support different currencies, and have different fee schedules for their services. Two of the most popular exchanges right now are Crypto.com and Coinbase. Let’s briefly review some of the key features of these exchanges.

Crypto.com

Crypto.com was founded in Hong Kong in 2016 and is now operated from Singapore. It offers a wide range of services. Some of the most popular are apps, allowing users to buy and sell crypto; Exchange for institutional trading; Wallet to hold cryptos and earn interest; and Pay to send and receive crypto payments. Crypto.com supports an incredibly large number of different currencies.

Coinbase

Coinbase was founded in the United States in 2012. Like Crypto.com, Coinbase offers a wide range of services for individual and institutional traders. One of the features that sets it apart is Coinbase Earn. It is a learning platform that allows users to learn more about crypto through videos and quizzes while earning crypto. It is generally recognized as one of the best exchanges for beginners.

Transfer from Crypto.com to Coinbase

To start transferring crypto from Crypto.com to Coinbase, you will first need to verify your Coinbase account. You will be prompted to do so when you click “Send/Receive” on Coinbase. You will then need to upload a photo of your ID. The KYC verification usually takes a few minutes, but in some cases it can take several business days, so be sure to start this step immediately.

How to receive through Coinbase will depend on whether you are using the Coinbase website or the Coinbase app. The first step in transferring funds will be to create a unique recipient address through Coinbase, then this address will be connected to Crypto.com to send the funds. Let’s see how to accomplish each of these steps with simple instructions for each.

Transfer via Coinbase website

Transferring from Crypto.com to Coinbase using the Coinbase website is easy if you follow these steps to create your recipient address, according to Coinbase.

  1. Go to your user dashboard. From here, you can either click “Pay” on the left side of the screen or select “Send/Receive” at the top of the screen.
  2. Select “Receive”.
  3. Click on “Asset” then choose the asset you wish to receive.
  4. Select the network on which you wish to receive your funds if it is an asset that can be transferred through several networks.
  5. After completing each of these steps, your unique address and an associated QR code will be populated. You can then share your address or copy it.

Transfer via the Coinbase app

  1. Go to the Home or Pay tab and click the down arrow.
  2. Select the asset you wish to receive.
  3. Select the network on which you wish to receive.
  4. After completing each of these steps, your unique address and an associated QR code will be populated. You can then share your address or copy it.

Receive via Crypto.com

This is where you will use the unique recipient address you created through Coinbase to receive currency through Crypto.com. Follow each of these steps to complete the transaction and receive your funds.

  1. Open Crypto.com and select “Transfer” -> “Withdrawal” -> “Crypto”
  2. Click on “External wallet” and select the plus sign (+)
  3. Tap “Wallet Address” then select the cryptocurrency you are transferring to Coinbase
  4. Paste the recipient address you created and copied into Coinbase, then press “Continue”
  5. Go to your email to confirm the wallet you just created on Crypto.com in the previous steps
  6. Go back to Crypto.com and select “Transfer” -> “Withdraw” again
  7. Select the new wallet
  8. Enter the amount of crypto you want to transfer from Crypto.com to Coinbase
  9. Select “Withdraw” -> “Confirm”

After completing these steps, you will be able to view the transaction on explorer by pressing [View Status on Explorer]. You can also refresh your wallet just by dragging down on the home screen.

Read also: How to withdraw money from Crypto.com to a bank account

FAQs

How long does it take to transfer funds from Crypto.com to Coinbase?

According to Crypto.com, transfers to external sources typically take around 2-3 hours. The exact time will depend on the transfer speed you select on the transaction review screen. Faster transfer times will result in higher transfer fees. Longer wait times may be due to network traffic congestion.

What if the transferred funds do not appear in Coinbase after the scheduled transfer time?

Coinbase suggests taking several actions if you don’t see the crypto transferred into your account. First, try closing and reopening the Coinbase app or browser. If you’re using the app, make sure it’s upgraded to the latest version. Confirm that you used the correct network and recipient address when sending funds from Crypto.com.

Why are there fees associated with crypto transfers?

Transferring crypto between exchanges takes work. Unlike traditional currency, crypto is maintained by many users on the internet. Charges incentivize users to complete tasks. Higher fees generally correspond to faster transfers, as they are more attractive to users who will take on tasks quickly. The fees vary depending on the transfer time, the type of cryptocurrency being moved, and the network through which the funds are being transferred.

Final Thoughts

Crypto can be moved between exchanges without much hassle if the user understands the steps involved. The basic idea is generally the same across different exchanges, but the exact instructions will depend on which exchanges are being used. The steps outlined in this article simplify the specific transfer from Crypto.com to Coinbase, although the send and receive instructions for each are the same regardless of the other exchange used.

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How To Transfer Crypto From Crypto.com To Coinbase


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