How to Transfer Crypto from Crypto.com to Coinbase

Moving cryptocurrency between different currency exchanges can be a bit tricky at times. This article describes exactly what crypto and crypto exchanges are. It then provides a guide on how to move crypto between two of the most popular exchanges, Crypto.com and Coinbase. Frequently asked questions are then answered.

Dive into cryptocurrencies and crypto exchanges quickly

Cryptocurrency, commonly referred to as crypto, is a digital currency. Crypto differs from standard currencies like the US dollar in that it is not centrally managed. Management and maintenance activities are instead carried out by Internet users around the world.

You can use crypto to buy goods and services like regular currency, but it’s more commonly used for investment purposes. While you have most likely 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 user to buy crypto with traditional currency or withdraw crypto in exchange for traditional currency. Crypto funds can also be moved between different exchanges.

This can be 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 touch on some of the most important features of these exchanges.

Krypto.com

Crypto.com was originally founded in Hong Kong in 2016 and is now operated out of Singapore. It offers a wide range of services. Some of the most popular are apps that allow users to buy and sell crypto; Exchange for institutional trading; wallet for holding crypto and earning interest; and pay for sending and receiving crypto payments. Crypto.com supports an incredibly large number of different currencies.

coin base

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

Transfer from Crypto.com to Coinbase

To start transferring crypto from Crypto.com to Coinbase, you must first verify your Coinbase account. You will be prompted to do this when you click Send/Receive on Coinbase. You will then need to upload a picture of your ID. KYC verification is usually done within minutes, but in some cases it can take several business days, so start this step right away.

How you receive through Coinbase depends on whether you are using the Coinbase website or the Coinbase app. The first step in transferring funds is to create a unique recipient address through Coinbase, and that address is then plugged into Crypto.com to send the funds. Let’s break down how to complete each of these steps with simple guides for each one.

Transmission via the Coinbase website

According to Coinbase, transferring from Crypto.com to Coinbase via the Coinbase website is easy if you follow these steps to create your recipient address.

1. Go to your user dashboard. From here you can either click on “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” and then select the asset you want to receive.
4. Select the network you want to receive your money on if it is an asset that can be transmitted across multiple networks.
5. After completing each of these steps, your unique address and an associated QR code will be populated. You can then share or copy your address.

Transferred via the Coinbase app

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

Receiving via Crypto.com

Here you will use the unique recipient address you created through Coinbase to receive currencies 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 on “Wallet Address” and then select the cryptocurrency you are transferring to Coinbase
4. Paste the recipient address you created and copied in Coinbase, then tap Next.
5. Go to your email to verify the wallet you just created in the previous steps on Crypto.com
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 can view the transaction in Explorer by tapping [View Status on Explorer]. You can then also update your wallet simply by dragging to the home screen.

Also read: How to withdraw money from Crypto.com to a bank account

frequently asked Questions

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 depends on the transfer speed you select on the transaction verification screen. Faster transfer times will incur higher transfer fees. Longer wait times may be due to network traffic congestion.

What to do if the transferred funds do not show up in Coinbase after the expected transfer time?

Coinbase suggests taking several steps if you don’t see the transferred cryptos in your account. First, try closing and reopening the Coinbase app or browser. If you use the app, make sure it is updated to the latest version. Confirm 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 requires some work. Unlike traditional currency, crypto is cultivated by many users on the internet. Fees motivate users to complete tasks. Higher fees usually equate to faster transfers as they are more attractive to the users who take on the tasks quickly. Fees vary depending on the transfer time, the type of cryptocurrency being moved, and the network through which the funds are being moved.

Final Thoughts

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