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How to Smoothly Transfer Crypto from Crypto.com to Coinbase

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Hey there! If you‘re looking to move some of your cryptocurrency from Crypto.com to Coinbase, you‘ve come to the right place. Transferring coins between these two popular platforms is easy once you understand the steps. I‘ll walk you through the entire process in this beginner‘s guide.

Why Transfer Crypto from Crypto.com to Coinbase?

Before we dig into the nuts and bolts, let‘s go over some great reasons for transferring crypto from Crypto.com over to Coinbase:

  • Consolidate assets – Maintaining crypto across multiple exchanges can be a headache. Transferring to a single platform like Coinbase makes it easier to track and manage your portfolio.

  • Take advantage of staking – Coinbase offers staking rewards for assets like Ethereum. You can earn passive income on your holdings.

  • Access educational resources – Coinbase has an extensive crypto learning hub with guides, videos, and tips for newcomers.

  • Enhanced security features – Coinbase has robust security protections like offline cold storage that gives peace of mind.

  • Lower fees – Coinbase‘s trading fees are generally lower than Crypto.com‘s, saving you money.

  • Regulatory compliance – Coinbase adheres to strict regulations in the U.S., providing reporting to the IRS.

  • Cash out to fiat – It‘s easy to sell crypto to your bank account on Coinbase. This allows you to take profits.

Hopefully this gives you some ideas for why transferring crypto from Crypto.com to Coinbase may benefit your investing strategy!

Step 1 – Select the Cryptocurrency To Transfer

Okay, time for the fun part…actually moving your coins!

The first step is deciding which cryptocurrency you want to transfer from Crypto.com over to Coinbase.

Some top options include:

  • Bitcoin (BTC) – The most valuable and established cryptocurrency. Transfers take 30-60 minutes.

  • Ethereum (ETH) – The second largest crypto with smart contract functionality. Arrives in 5-10 minutes.

  • Litecoin (LTC) – A faster and cheaper crypto great for payments. Confirmations in 10-30 minutes.

  • Chainlink (LINK) – Provides real-world data to blockchain apps. Appears in ~5 minutes.

  • Uniswap (UNI) – The governance token of the popular DeFi exchange Uniswap. Usually 5-15 minute deposit time.

I‘d recommend selecting a cryptocurrency supported on both Crypto.com and Coinbase to avoid any hassles. You can only transfer from one platform to another if they both offer trading and custody for that asset.

Once you‘ve picked your crypto, log into your Coinbase account and navigate to the prices page for that coin. For example, if you want to transfer Ethereum, go to the ETH price chart.

Here you can find your Ethereum public wallet address. You‘ll need to provide this address soon in Crypto.com so the funds get to the right place.

Copy down or take a screenshot of this destination address in Coinbase to use in the next step.

Step 2 – Whitelist Your Coinbase Address in Crypto.com

Before you can actually withdraw crypto funds from Crypto.com, you need to add and confirm the address where you’re sending them – in this case your Coinbase wallet.

This whitelisting process is an important security feature to prevent assets being accidentally sent to the wrong place.

Follow these steps to whitelist your Coinbase address in Crypto.com:

  1. In the Crypto.com app, go to Transfer > Withdraw.

  2. Select the cryptocurrency you want to transfer.

  3. Choose External Wallet as the destination.

  4. Tap the + icon to add a new withdrawal address.

  5. Select Wallet Address.

  6. Paste your Coinbase wallet address for the crypto. Give it a label like "Coinbase ETH Address".

  7. Hit Continue to submit for whitelisting.

  8. Check your email for a confirmation link and click to verify.

Once these steps are complete, your Coinbase address will be added to the Crypto.com whitelist. Now you‘re ready to initiate the withdrawal.

Double check that you‘ve entered the address 100% correctly. Sending funds to a wrong address could result in lost crypto.

Step 3 – Withdraw Your Cryptocurrency from Crypto.com

The prep work is finished, time to finally transfer those coins!

Follow this process to send crypto from your Crypto.com wallet to Coinbase:

  1. In the Crypto.com app, go to Transfer > Withdraw.

  2. Select the cryptocurrency you want to transfer.

  3. Choose the whitelisted Coinbase address you added previously.

  4. Enter the amount to withdraw. You can pick Max to transfer the entire balance.

  5. Hit Withdraw and confirm all the details on the next screen. Make absolutely sure the address and network are right!

  6. Provide your two-factor authentication (2FA) code if prompted.

Once withdrawn, your crypto will leave the Crypto.com platform and begin the journey over to Coinbase. The transfer time varies by cryptocurrency and network conditions.

I recommend enabling 2FA on both exchanges for enhanced security. This requires providing a unique code from your mobile authenticator app whenever you log in or withdraw.

Step 4 – Monitor the Transfer and Confirm Deposit

Okay, the crypto withdrawal from Crypto.com has been initiated…now the waiting game begins!

Here are the average transfer times for popular cryptocurrencies:

Crypto Transfer Time
Bitcoin 30-60 minutes
Ethereum 5-10 minutes
Litecoin 10-30 minutes
Chainlink 5-10 minutes

However, actual transfer times can vary based on factors like network congestion and exchange processing speeds. Expect up to 60 minutes, sometimes longer.

I‘d recommend checking the transaction status on a blockchain explorer if it‘s taking longer than expected. This can give insight into any delays.

Once the coins are successfully deposited into your Coinbase account, you‘ll get a notification. Welcome your new crypto!

Some things to keep in mind when transferring between platforms:

  • Start with a small test transfer first to confirm you did it correctly.

  • Bookmark whitelisted addresses to reuse instead of re-adding each time.

  • Transfer fees and minimums vary. Bitcoin tends to have high miner fees.

  • If needed, reach out to customer support at either exchange for assistance.

  • Track transfers on a blockchain explorer if pending longer than estimated.

Follow these tips and your crypto transfers will go smoothly between Crypto.com and Coinbase!

Key Benefits of Coinbase vs Crypto.com

Now that you know how to transfer crypto from Crypto.com to Coinbase, you may be wondering which platform is better suited for your needs.

While both are great options, there are some key differences to consider:

Crypto.com

  • Supports 250+ cryptocurrencies
  • Earn interest by lending crypto
  • CRO rewards card with up to 8% cashback
  • Higher trading fees than Coinbase

Coinbase

  • Easier to use interface for beginners
  • Educational resources to learn about crypto
  • Reporting to IRS and regulatory compliance
  • Supports crypto-to-fiat conversions

Here‘s a quick comparison table highlighting some of the main features:

Feature Crypto.com Coinbase
Cryptocurrencies Supported Over 250 Around 100
Trading Fees 0.4% – 2.99% 0.5% – 1.49%
Security 2FA, biometrics, cold storage 2FA, offline storage, insurance
Earning Options Staking, lending Staking rewards
Reporting to IRS No Yes
Payment Methods Crypto, credit/debit card Crypto, bank transfer

Evaluate each platform carefully based on factors like fees, security, and educational resources. Many investors use a combination of both exchanges to get the best features!

Get Free Crypto with Exclusive Referral Bonuses

If you don‘t already have accounts on Crypto.com and Coinbase, be sure to sign up using referral links to earn some free crypto!

Here are the latest signup bonuses available:

  • Crypto.com: Use code xev5c8rctt to claim a $25 USD bonus

  • Coinbase: Receive $10 USD in free Bitcoin

These offers change over time so grab the bonuses now before they disappear! It‘s a nice perk just for signing up through a referral link.

Who doesn‘t love free money? Take advantage of referral codes on both platforms to maximize the amount of free crypto you accumulate.

Wrapping Up

Phew, we covered a lot of ground here! You‘re now a pro on transferring crypto from Crypto.com to Coinbase.

Here are the key takeaways:

  • Whitelist your Coinbase address on Crypto.com before withdrawing any funds. This protects your assets.

  • Carefully double check addresses and amounts before confirming transfers. Mistakes can‘t be reversed!

  • Transfer times vary between 30-60 minutes generally. Use a blockchain explorer if pending longer than expected.

  • Enable 2FA and other security features on both exchanges to keep your account safe.

  • Consider the unique benefits of each platform when deciding where to buy, sell, and store your crypto.

  • Referral codes provide an easy way to get free crypto for signing up.

With this knowledge in hand, you can now seamlessly transfer cryptocurrency between platforms like a pro. Here‘s to the exciting world of crypto investing!

Let me know if you have any other questions. I‘m always happy to help fellow crypto enthusiasts.

AlexisKestler

Written by Alexis Kestler

A female web designer and programmer - Now is a 36-year IT professional with over 15 years of experience living in NorCal. I enjoy keeping my feet wet in the world of technology through reading, working, and researching topics that pique my interest.