Coinbase Wallet and Coinbase account serve different purposes. The wallet is a self-custody crypto wallet, while your Coinbase account is an exchange-based account. To transfer funds, you need to follow a straightforward process.
Steps to Transfer Funds from Coinbase Wallet to Coinbase Account
- Open Your Coinbase Wallet App:Launch the Coinbase Wallet app on your mobile device. Ensure you are logged into the correct account.
- Select the Cryptocurrency You Want to Transfer:Go to your wallet balance and choose the cryptocurrency you want to send to your Coinbase account.
- Tap on “Send”:Click the “Send” button and enter the amount you want to transfer.
- Enter Your Coinbase Account Address:Copy your Coinbase deposit address from your Coinbase account. Paste it into the recipient field in Coinbase Wallet.
- Confirm and Complete the Transaction:Review the details and confirm the transaction. The transfer should complete within minutes, depending on network congestion.
- Sell Your Cryptocurrency:Go to the “Trade” section on Coinbase. Select “Sell” and choose the cryptocurrency you want to cash out.
- Choose a Payment Method:Select your preferred withdrawal method, such as a bank transfer or PayPal.
- Confirm and Withdraw:Enter the withdrawal amount and confirm. The funds will be sent to your selected payment method.
How to Cash Out from Coinbase Wallet
- Transfer Funds to Your Coinbase Account: Follow the steps above to send your funds from Coinbase Wallet to your Coinbase account .
- Withdraw from Coinbase: Once the funds are in your Coinbase account, follow the cash-out process mentioned earlier.
How to Transfer Money from Coinbase to Coinbase Wallet
- Log in to Coinbase: Go to your Coinbase account and navigate to “Assets.”
- Choose Cryptocurrency and Amount: Select the crypto and enter the amount you want to send.
- Paste Your Wallet Address: Copy your Coinbase Wallet address and paste it in the recipient field.
- Confirm and Send: Review details and confirm the transaction.
Coinbase Limits You Should Know
Coinbase Transfer Limit : Coinbase has different limits depending on the transaction type and account verification status.
- Domestic wires: No specific limit, but banks may impose restrictions.
- International wires: Usually higher but varies by region.
- Unverified users: $1,000 daily limit.
- Verified users: Higher limits based on transaction history and region.
- Limits vary, but a fully verified account can withdraw up to $50,000 per day.
- Bank transfers: Up to $25,000 per day (higher for businesses).
- Crypto deposits: No limit.
How to Get Your Money Out of Coinbase
- Sell Crypto for Cash.
- Withdraw to Your Bank.
- Use PayPal for Instant Withdrawals.
- Use the Coinbase Card for spending directly from your balance.
How to Send Crypto from Coinbase to Coinbase Wallet
Go to “Assets,” select the cryptocurrency, enter your Coinbase Wallet address, and confirm the transaction.
By following these steps, you can seamlessly transfer funds between Coinbase Wallet and your Coinbase account, cash out, and manage your limits effectively.
Conclusion
Transferring funds between Coinbase Wallet and Coinbase exchange is straightforward if you follow the correct steps. Understanding transfer limits and withdrawal options ensures a smooth experience.
