How to transfer crypto from Crypto.com to Coinbase

Moving cryptocurrency between different currency exchanges can sometimes be a bit difficult. This article will detail exactly what crypto and crypto exchanges are. It will then provide a method for moving crypto between two of the most popular exchanges, Crypto.com and Coinbase. Frequently asked questions will then be addressed.

Quickly dive into cryptocurrencies and crypto exchanges

Cryptocurrency, often called crypto, is digital currency. Crypto is unlike standard currencies, such as the US dollar, in that it is not centrally administered. Administration and maintenance activities are performed instead by Internet users worldwide.

You can use crypto to buy goods and services like regular currency, but it is more commonly used for investment purposes. While you’ve most likely heard of the most popular cryptocurrencies like Bitcoin and Ethereum, there are actually over 21,000 cryptocurrencies in circulation today.

Crypto can be bought, sold and traded through cryptocurrency exchanges. Exchange allows the user to buy crypto using traditional currency or withdraw crypto in exchange for traditional currency. Crypto funds can also be moved between different exchanges.

This can happen 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 assets from one exchange to another.

To name a few, different exchanges offer different levels of security, support different currencies and have different fee plans for their services. Two of the most popular exchanges right now are Crypto.com and Coinbase. Let us briefly look at some of the main features of these exchanges.

Crypto.com

Crypto.com was originally founded in Hong Kong in 2016 and is now operated from Singapore. It offers a wide range of services. Some of the most popular are App, for users to buy and sell crypto; Exchange for institutional trading; Wallet to hold crypto and earn interest; and Pay to send and receive 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 sets it apart is Coinbase Earn. This is a learning platform that allows users to learn about crypto through videos and quizzes, while earning crypto. It is generally recognized as one of the best exchanges for beginners.

Transfer from Crypto.com to Coinbase

To begin 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 must then upload a photo of your ID. KYC verification usually happens within minutes, but in some cases it can take several business days, so be sure to get started on this step right away.

How you receive through Coinbase will depend on whether you use the Coinbase website or the Coinbase app. The first step in transferring funds will be to create a unique recipient address through Coinbase and then this address will be connected to Crypto.com to send the funds. Let’s break down how to perform each of these steps through simple instructions for each.

Transfer via Coinbase website

Transferring from Crypto.com to Coinbase using the Coinbase website is easy if you follow these steps to create your recipient address, according to Coinbase.

1. Go to the 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 wish to receive.
4. Select the network you wish to receive your money on if it is an asset that can be transferred via multiple networks.
5. After completing each of these steps, your unique address and an associated QR code will populate. You can then share your address or copy it.

Transfer through the Coinbase app

1. Go to the Home or Pay tab and click the down arrow.
2. Select the asset you wish 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 populate. You can then share your address or copy it.

Receive through Crypto.com

This is where you will use the unique recipient address you created through Coinbase to receive currency through Crypto.com. Follow each of these steps to complete the transaction and receive your money.

1. Open Crypto.com and select “Transfer” -> “Withdrawal” -> “Crypto”
2. Click on “External wallet” and select the plus sign (+)
3. Tap “Wallet Address” and then select the cryptocurrency you’re transferring to Coinbase
4. Paste the recipient address you created and copied in Coinbase and then press “Continue”
5. Go to your email to verify the wallet you just created on Crypto.com in the previous steps
6. Return to Crypto.com and again select “Transfer” -> “Withdrawal”
7. Select the new wallet
8. Enter the amount of crypto you wish to transfer from Crypto.com to Coinbase
9. Select “Withdraw” -> “Confirm”

After completing these steps, you will be able to see the transaction on the explorer by pressing [View Status on Explorer]. You can then also update the wallet by pulling down on the home screen.

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

Common questions

How long does it take to transfer funds from Crypto.com to Coinbase?

According to Crypto.com, transfers to external sources usually take about 2-3 hours. The exact time will depend on the transfer rate you select on the transaction review screen. Faster transfer times will incur higher transfer fees. Longer waiting times may be due to network traffic congestion.

What should be done if the transferred funds do not appear in Coinbase after the expected transfer time?

Coinbase suggests taking additional steps if you don’t see the transferred crypto in your account. First, try closing and reopening the Coinbase app or browser. If you’re using the app, make sure it’s upgraded to the latest version. Verify that you used the correct network and recipient address when sending money from Crypto.com.

Why are there fees associated with crypto transfers?

Transferring crypto between exchanges takes some work. Unlike traditional currency, crypto is maintained by many users over the Internet. Fees motivate users to complete tasks. Higher fees usually equate to faster transfers, as they are more attractive to users who want to retrieve tasks quickly. Fees vary based on transfer time, type of cryptocurrency being moved, and the network through which the funds are moved.

Final thoughts

Crypto can be moved between exchanges without too much trouble if the user understands the steps that need to be taken. The basic idea is generally the same across different exchanges, but the exact instructions will depend on the exchanges being used. The steps described in this article make it easy to transfer specifically from Crypto.com to Coinbase, although the sending and receiving instructions for each will be the same regardless of which other exchange platform is used.