How to Send Bitcoin From Coinbase

Coinbase is one of the largest and most well-known exchanges companies in the industry, making it one of the best platforms for beginners to use when they are first starting out with Bitcoin.

That being said, many new users may have difficulty figuring out how to send their Bitcoin from Coinbase to other wallets or to different exchanges. Are you one of them? Don’t worry! This is very common for beginners on Coinbase. In this comprehensive guide, we will teach you all of the basics necessary to transfer your Bitcoin to a variety of popular exchanges and wallets. By the end of it, you will be an expert in the process.

  • Step 1: Send Bitcoin from Coinbase

    Okay, so you’ve purchased some Bitcoin and you now have it sitting in your wallet in your Coinbase account. The following step is very simple but it will vary slightly depending on which Coinbase platform you currently use (Coinbase or Coinbase Pro - The latter is heavily recommended if you want to save on fees). Let’s take a look at each of the variations to get a clear idea of how to begin the transfer process.
     

    Initiate the Transfer from Coinbase

    To initiate the transfer from your basic Coinbase account:

    • Click the “Accounts” button at the top of the page to see a list of all of your wallets.
    • Click on “BTC Wallet” and press“Send”.

    Clicking on this will open up a larger menu that will allow you to provide further details about the transfer. To continue with your transfer, go directly to step 2 of this guide.
     

    Initiate the transfer from Coinbase Pro

    Coinbase Pro has a much different interface and as such, the directions are slightly different.

    • Hit the “withdraw” button that you’ll find on the left side of your screen. A small menu will pop up with a “Currency Type” drop-down menu bar.
    • Click on the drop-down portion and select BTC. This will allow the menu to further expand so that you can enter the details of your transaction.

    Now that you’ve managed to reach the menu that lets you input transaction details, it is time to move onto the next step!

  • Step 2: Find your Recipient Public Address

    The first section that will catch your eye when you start filling out the transfer request on Coinbase is the recipient/destination box. This is where you will need to input your wallet address where you are going to be receiving your Bitcoin from Coinbase. For example, if you want to transfer your Bitcoin from Coinbase to your Binance account, you’ll first need to find your Bitcoin’s public wallet address on your Binance account.

    Let’s see the process that you need to undergo in order to get the address of your Bitcoin wallet on your platform of choice. No matter whether you are trying to learn how to send Bitcoin from Coinbase to Binance, Bittrex, Kraken, Poloniex, Electrum, Blockchain.com, or other platforms, here are the simple and complete directions for each. Once your transfer is completed, go to step 3 to discover if you want to follow your transfer after it’s been executed.
     

    Before You Begin, Make Sure to Double Check These Details!

    While sending your Bitcoin is typically a harmless process, there are some mistakes that you can make that will lead to the complete loss of your Bitcoin. The first mistake that you can make is sending Bitcoin to an incompatible wallet such as Bitcoin Cash (this often happens) or Ethereum. If you do this, you will lose your Bitcoin and will be unable to recover it. A similar mistake that can be made is not copying the whole wallet address and missing a few characters, which will cause your Bitcoin to be sent to a wallet that doesn’t exist and will also result in the loss of your Bitcoin. To avoid doing this, always verify the first 2 and last 2 characters match.

    These common mistakes are among some of the 25 mistakes commonly made by cryptocurrency investors. Always double check the details of your transfer before you press the button.
     

    How to Send Bitcoin from Coinbase to Binance

    • Let your mouse hover over the tab that resembles a person’s head and shoulders. A drop-down menu will appear.
    • Click on the “estimated value” button and you will be brought to a page that will list all of the coins you can exchange on the platform as well as your balance for each.
    • Find the BTC line and click on “deposit” on the right side. You will be brought to a page with your transaction history and a wallet address.
    • Underneath the wallet address, click on “copy address”.
    • Go back to your Coinbase account and to the transfer menu you opened earlier. In the recipient/destination section, paste the address you just copied and insert the amount of Bitcoin you want to send in the “Amount” box.
    • Press “continue” and you will then be asked to confirm this information. Double check everything looks right, and confirm the transfer. The transfer may take some time to arrive - we’ll explain how to follow your transfer in step 3 of this guide.
       

    How to Transfer Bitcoin from Coinbase to Bittrex

    • In the top right corner of the Bittrex website, click on “wallets”. You will be brought again to a list of all coins that can be exchanged on the platform and the amount that you currently hold for each of them.
    • Find the Bitcoin section by either navigating through the list or by searching for BTC in the search bar that is located above the list of cryptocurrencies.
    • Once you have found the Bitcoin bar, click on the small green circle on its left side. Doing this will reveal your Bitcoin deposit address.
    • Click on the clipboard icon located right next to your BTC address and the wallet address will be copied to your clipboard.
    • Return to your Coinbase account and paste this address into the recipient/destination bar. Then, add the amount of Bitcoin you want to transfer, continue, and confirm the transaction.
       

    How to Transfer Bitcoin from Coinbase to Kraken

    • On your Kraken dashboard, click on “funding”. This will bring you to a page that features all of the cryptocurrencies available on the exchange. They will all be conveniently listed on the left side of the page.
    • Navigate down to Bitcoin and click on it. Scroll down the page to find your Bitcoin deposit address. If no address initially appears, click “generate new address”.
    • Highlight and copy this address and return to your Coinbase account. Paste this address into the recipient bar, add the amount of Bitcoin you want to transfer, continue, and confirm the transaction.
       

     How to Transfer Bitcoin from Coinbase to Poloniex

    • Find the “balances” tab and click the “deposits and withdrawals” tab under it. You will be redirected to a page with a list of all cryptocurrencies listed on Poloniex.
    • Navigate to the Bitcoin section (use the search bar if needed) and click on the deposit button on the right side. Doing this will display your wallet address.
    • Highlight and copy your address. Then, return to your Coinbase account, paste this address into the recipient/destination bar, add the amount of Bitcoin you want to transfer, continue, and confirm the transaction.
       

     How to send Bitcoin from Coinbase to your Electrum Wallet

    Sending Bitcoin from your Coinbase account to your Electrum wallet is extremely easy.

    • Simply open up the Electrum software and click on the “receive” tab (located directly next to “send” and “history”), where you’ll find your Bitcoin public address.
    • Copy this address by clicking on the small clipboard icon next to the wallet address.
    • Once copied, return to your Coinbase account and paste this address into the recipient bar. Then, enter the amount of Bitcoin you want to transfer to your Electrum wallet, continue, and confirm the transaction.
       

    How to transfer Bitcoin from Coinbase to your Blockchain.com Wallet

    To send Bitcoin from Coinbase to Your Blockchain.com wallet:

    • Simply visit the dashboard of your Blockchain.com wallet, find and click the “request” button at the top of the page. This button will reveal your Bitcoin wallet address.
    • Click the “copy” button next to the wallet address.
    • Then return to your Coinbase account. Paste the address into the recipient bar, enter the amount of Bitcoin you want to transfer, continue, and confirm the transaction.
  • Step 3: Follow up with your Transfer

    Now that you’ve successfully sent out your Bitcoin, you are most likely going to want to keep an eye on your transaction to see how everything is going.
     

    How to watch your Transaction from Coinbase

    The easiest way to see your transaction taking place is to check your transaction history on Coinbase.

    • Click on the most recent transaction on the list of transactions on your Coinbase dashboard. Doing so will reveal more details regarding the transfer.
    • Click on the link that says “view transaction” and you will be brought to a blockchain explorer, where you will find all the details of your transaction, including its status and the number of confirmations that took place. (Read below for more information about confirmations.)
       

    How to watch your Transaction from the recipient Exchange/Wallet

    You can also view your transaction through…

    • The deposit section of the Binance exchange
    • The funding section of the Kraken exchange
    • The history section of the Poloniex exchange
    • The Bitcoin transactions section of the Blockchain.com website
    • The history section of your Electrum wallet, which can be viewed when you click on any of your transactions in the “history” tab
    • The wallets section of the Bittrex exchange when you click on Bitcoin

    Seeing these transactions live may prompt the question, when will I be able to see my Bitcoin in my other wallet?
     

    How long does it take to send bitcoin from Coinbase?

    The transfer itself is only a two-minute process and is very easy to conduct. However, you can expect to see your funds in your wallet as soon as minutes after you send them or as late as hours after your transfer. This is because your transaction will need to be verified by miners, and depending upon the speed of the network, this could be either a slow or fast process.

    Take, for example, the image above. Based on the exchange/wallet you are using, you may need to wait longer to see your funds. Wallets like Electrum only request one confirmation, which is much faster than using an exchange like Kraken, which will require six confirmations. When a Bitcoin transaction is sent out, it has to wait until it is ready to be verified by a miner. Once it is ready for verification and has been shown on the network, it will receive one confirmation. Each new transaction added to the network (by other users) will add another confirmation to yours and some platforms prefer waiting for additional confirmations to make sure that everything is correct before they add your funds to your wallet.

  • How to move Bitcoin from Coinbase anywhere you want

    This extremely easy to follow 3-step process is more or less the same for any cryptocurrency other than Bitcoin and for any exchange, wallet, or software. Simply seek out your receiving wallet address, copy it, and paste it into your Coinbase account to shift your funds from one wallet to another. The only thing you need to pay careful attention to in this process is the wallet address. You must absolutely make sure that your wallet address is correct. Otherwise, you may end up losing all of your investment!

    If you are very new to the cryptocurrency space, we really suggest you read our ELI5 Blockchain guide to learn the basics of Blockchain, which is the underlying technology of Bitcoin and every other cryptocurrency. If you already know quite a bit about Bitcoin and Blockchain but want to learn how you can become a successful cryptocurrency investor, start your investing journey by taking our Ultimate Beginner’s Crypto course that will give you all the tools needed to become a profitable investor today.

Posted by Dylan B

Dylan Buckley is a writer based in California. He became interested in cryptocurrency upon discovering it in 2014 and soon started investing as well as writing for a wide variety of clients and crypto-startups in the space. When he is not producing content for individuals and businesses, he is typically working on his own self-development content or making music.

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