Is your money stuck in your Coinbase account, and you’ve no clue how to withdraw it. If yes, then don’t worry.
In this article, we will share a few simple steps you can take to transfer from Coinbase to Trust Wallet.
Coinbase & Trust Wallet
For many investors, trading on Trust Wallet is a very pricey affair. This is owing to the fact that Trust Wallet ensures a very large transaction fee. For each transaction, you’re supposed to pay 5% of the transferred amount.
This discourages many people from using Trust Wallet as a long-term alternative. As a solution, we suggest people use Coinbase Exchange. Coinbase is very similar to Trust Wallet in terms of its features and functions. On Coinbase, for each successful transaction, you pay a meager amount between $0.99 to $2.99.
This amount is considerably lesser than what Trust Wallet demands. Once you’ve traded crypto, you can cash out your finances back to the Trust Wallet. You may then go for a decentralized platform to trade cryptos like Bitcoin for other coins.
In this article, we will teach you exactly how to do that. It’s quite an easy process to send crypto to Trust Wallet from your Coinbase account.
There are certain requirements you’ll need to look into before we start the process. You will need to first download the Coinbase application on your smartphone.
If you have not done it yet, then install it before we proceed. You may also try the PC version, as the process is almost the same for both. However, this guide is created keeping the Android/iOS version in mind.
Also, if you wonder if the Trust Wallet hack is possible by any chance, this article you should check out.
How to Transfer from Coinbase to Trust Wallet?
To move cryptocurrency, enter the crypto id into your Trust Wallet account. To send Bitcoin, for instance, you must input your Bitcoin address into Trust Wallet. Next, visit Coinbase and go to the cryptocurrency you’d like to transfer.
You may get it on Coinbase by hitting the “reverse” symbol. Then press “Send” and choose the crypto you want to send. After that, Coinbase will ask you to input the quantity you wish to transfer. Following that, you must input the receiver’s information.
The receiver’s information will be the crypto address from your trust wallet. In this field, you have to paste your copied trust wallet’s crypto address in the field that says “To.”
Thus reaching the final step, click on the option that says “Preview send.” Next, to complete the process, tap on “Send Now” in order to send your crypto to your trust wallet.
Below, there is a stepwise process for the crypto transfer from coinbase to trust wallet.
- Copy Crypto’s address
- Choose your crypto on Coinbase
- Paste the address to complete the transfer
Besides, let’s figure out how to transfer from Trust Wallet to Coinbase with ease.
1. Copy Crypto’s Address
To get started with the process, you need to open your Trust Wallet app on your mobile device. Then go to your wallet. You will be presented with a list of various cryptocurrencies in your wallet. The list of these currencies includes famous assets like “Bitcoin,” “BNB,” and “Smart Chain.”
Now, in the list, you have to find the cryptocurrency that you desire to get transferred into your wallet. It is a crucial step in the process of how to transfer from a coinbase to Trust Wallet. If your desired crypto is nowhere to be found in the list, you can just manually add it by using the “Manage” feature.
If you want to add a cryptocurrency manually, you need to follow the steps given below. Go to settings by tapping on the respective Icon. In the search bar, type the name of the desired crypto.
OR
Paste the address of the crypto. Enable it by tapping on the switch. Now that it has been enabled, you will be able to see it on your trust wallet.
Let’s take a look at an example. Consider “Ethereum” as the crypto that you want to transfer from Coinbase to Trust Wallet. You will select the “Ethereum” crypto by tapping on it in the list. Copy the Address of Ethereum from the Trust Wallet. Now that you have selected the Ethereum to receive on your trust wallet, you must copy its address.
After tapping on “Ethereum,” you will be redirected to your Ethereum Wallet. There you will be presented with four options. These options will be “Send,” “Receive,” “Copy,” and “More.”
With a clear motive of copying the address, click on the option saying “Copy.” This will copy the crypto’s address.
This copied address will remain on your clipboard once you copy it from Trust Wallet. This copied address will be needed in the process ahead.
In addition, a Private key Trust Wallet can be considered a pretty important aspect for any trader. Let’s learn how to configure Trust Wallet private key step by step.
2. Choose Your Crypto on Coinbase
If you haven’t installed the mobile app of Coinbase, you can easily do it from the App Store or Google Play Store. Once installed, launch the application on your phone.
If you do not wish to download the app, there is the option to use it on your desktop as well. Although, the change in the device means the interface will be a little different from the mobile app.
Firstly, after launching the Coinbase app, you will need to log in to your Coinbase account. Then in the interface, find the Sending page and navigate to it. Tap on the “reverse” icon present at the bottom of the navigation bar. You will be directed to the Sending page.
Now, a new navigation menu will open as you have clicked on the “Reverse” Icon in the navigation bar. There will be many options on the newly opened menu.
Serving unique purposes these options include “Buy,” “Sell,” “Convert,” “Send,” and “Receive.” Now, to send crypto from coinbase to trust wallet, you have to select the option to “Send.”
After tapping on the “Send” button, you will be directed to the “Select Asset” page. This page will display the complete list of cryptocurrencies that you already own.
Now, from this list, select the crypto that you want to transfer to the trust wallet. In the example that we considered, you will choose the “Ethereum” Crypto by tapping on it in the list.
It may happen that the desired currency isn’t displayed on the “Select Asset” page’s list. This indicates that you haven’t bought the asset in question.
In such a case, you will need to go and buy the Crypto on the Coinbase app to transfer it to the trust wallet.
By the way, here’s a comprehensive guide if you ever want to know how to bypass Coinbase ID verification. Verification is critical to the safety of users’ possessions.
3. Paste the Address to Make the Transfer
Enter the amount on Coinbase. Selected the desired cryptocurrency from the “Select Asset” page of coinbase. You will be sent to the “Enter Amount” Page.
On this page, the first thing you will notice is the amount of the selected cryptocurrency. It will be displayed in terms of Fiat Currency. This is the amount that you currently have in your account of the selected currency.
This number is also the highest amount that you can transfer to your Trust Wallet. Now, the number pad will show up. Enter the amount you want to transfer from Coinbase to Trust Wallet. For E.g., you may consider sending “$XX” worth of “BitCoin” to your trust wallet. For that, enter “XX” in the Enter Amount field using the number pad.
After you enter the desired amount, tap on “Continue” to advance in the process. Transferring the crypto from Coinbase to Trust Wallet. Now that you have confirmed the amount click on Continue.
You will be sent to the “Select Recipient” page. But before reaching this page, you may have to tap on the “Not Now” option. There will be a couple of fields displayed on the “Select Recipient” page. These fields include “To” and “Note.”
The first thing to do is paste the crypto address that you copied in step 1 of this process into the “To” field. This address was copied from the Trust Wallet in the first step of this tutorial. Confirm the authenticity of the address that you have pasted in this field.
If you paste the wrong address and continue with the process, you may lose your assets overall. E.g., If you want to send a Bitcoin token to your trust wallet, then do the following.
Confirm the accuracy of the address that you pasted in the “To” field. The field “Note” is not compulsory to be filled. It is to write a note to the receiver and is completely optional. After that, click on “Preview Send“. This will lead you to the confirmation page. After clicking on “Preview Send“, you will be directed to the “You are sending” page.
Here, the amount of crypto that you have chosen to send will be displayed. For example, you have chosen to send $XX worth of any crypto coin. It will be displayed on this page for confirmation. The charges applied on this transaction and the Network Fee will also be displayed on this page.
The transfer from Coinbase to Trust Wallet is also charged with a network fee. Thus the amount of crypto that is displayed on this page will be higher than what you entered in the step earlier.
To complete the process, tap on the option saying “Send Now.” This will initiate the transfer of crypto to your trust wallet. This transfer normally takes about an hour to be completed. After the transfer, the amount of crypto received will be visible to you on the Trust Wallet.
Common Errors and How to Avoid Them
Cryptocurrency transactions are irreversible, so it’s crucial to avoid making mistakes. Always double-check the recipient’s address and the amount you’re sending. Sending your assets to the wrong address could result in permanent loss.
Security Tips for Cryptocurrency Transactions
While transferring cryptocurrencies is a straightforward process, security should never be overlooked.
Always Double-Check Addresses
Always ensure you’re sending to the correct address. A simple typo could send your assets to the wrong wallet. It’s advisable to copy and paste the address directly, rather than typing it manually.
Always Confirm Transactions
Before confirming any transaction, double-check all the details. Make sure you’re sending the right asset to the right address and that you’re happy with any transaction fees.
FAQs
1. Why can’t I see my transferred funds immediately in Trust Wallet?
The transaction requires confirmations on the blockchain, which might take some time. So, your funds might not appear immediately in Trust Wallet.
2. Is it safe to transfer money from Coinbase to Trust Wallet?
Yes, as long as you’ve double-checked all details and followed security protocols, it’s safe.
3. What if I send my cryptocurrency to the wrong address?
Transactions on the blockchain are irreversible. If you send your assets to the wrong address, you likely won’t be able to recover them.
4. Can I transfer any cryptocurrency from Coinbase to Trust Wallet?
You can transfer any cryptocurrency supported by both platforms.
5. Are there any fees involved in transferring funds from Coinbase to Trust Wallet?
Yes, blockchain network fees apply. The exact amount varies depending on the asset and network congestion.
Final Thoughts
It is usually easy to transfer your cryptocurrency assets from one wallet to another. However, some network issues may cause the transaction to be slow. This can complicate things for some users.
It is crucial to confirm the accuracy of the crypto address that you paste in the Receiver’s information.
This is needed to ensure that your currency is being transferred to the correct wallet. If you enter the wrong address, that could lead to a permanent loss of your crypto assets.
