Coinbase Wallet and Coinbase account serve different purposes. Thewallet is a self-custody crypto wallet, while your Coinbase account is anexchange-based account. To transfer funds, you need to follow a straightforwardprocess.
Steps to Transfer Funds from Coinbase Wallet toCoinbase Account
· Open Your Coinbase Wallet App: Launch the Coinbase Wallet app on your mobile device. Ensureyou are logged into the correct account.
· Select the Cryptocurrency YouWant to Transfer: Goto your wallet balance and choose the cryptocurrency you want to send to yourCoinbase account.
· Tap on "Send": Click the "Send" button and enter the amount youwant to transfer.
· Enter Your Coinbase AccountAddress: Copy your Coinbasedeposit address from your Coinbase account. Paste it into the recipient fieldin Coinbase Wallet.
· Confirm and Complete theTransaction: Reviewthe details and confirm the transaction. The transfer should complete withinminutes, 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 banktransfer or PayPal.
· Confirm and Withdraw: Enter the withdrawal amount and confirm. The funds will besent to your selected payment method.
How to Cash Out from Coinbase Wallet
· TransferFunds to Your Coinbase Account: Follow the steps above to send your funds from Coinbase Wallet toyour Coinbase account .
· Withdrawfrom Coinbase: Once the funds are in your Coinbase account, follow the cash-outprocess mentioned earlier.
How to Transfer Money from Coinbase toCoinbase Wallet
· Login to Coinbase: Go to your Coinbase account and navigate to "Assets."
· ChooseCryptocurrency and Amount: Select the crypto and enter the amount you want tosend.
· PasteYour Wallet Address: Copy your Coinbase Wallet address and paste it in therecipient field.
· Confirmand Send: Review details and confirm the transaction.
Coinbase Limits You Should Know
Coinbase Transfer Limit : Coinbase has different limits depending on the transaction typeand account verification status.
· Domesticwires: No specific limit, but banks may impose restrictions.
· Internationalwires: Usually higher but varies by region.
· Unverifiedusers: $1,000 daily limit.
· Verifiedusers: Higher limits based on transaction history and region.
· Limitsvary, but a fully verified account can withdraw up to $50,000 per day.
· Banktransfers: Up to $25,000 per day (higher for businesses).
· Cryptodeposits: No limit.
How to Get Your Money Out of Coinbase
1. Sell Crypto for Cash.
2. Withdraw to Your Bank.
3. Use PayPal for Instant Withdrawals.
4. Use the Coinbase Card for spending directly from your balance.
How to Send Crypto from Coinbase toCoinbase Wallet
Go to "Assets," select the cryptocurrency, enter yourCoinbase Wallet address, and confirm the transaction.
By following these steps, you can seamlessly transfer fundsbetween Coinbase Wallet and your Coinbase account, cash out, and manage yourlimits effectively.
Conclusion
Transferring funds between Coinbase Wallet and Coinbase exchangeis straightforward if you follow the correct steps. Understanding transferlimits and withdrawal options ensures a smooth experience.
