Can i transfer my crypto from trust wallet to coinbase
To send/ Transfer crypto from Trust Wallet to Coinbase, you need to copy the crypto’s asset address from Coinbase.
Then, paste it into the Trust Wallet.
Enter the amount of crypto that you want to send.
Lastly, confirm the transaction.
Steps to Send/ Transfer Crypto from Trust Wallet to Coinbase
1. Launch your Coinbase Application
Open your Coinbase mobile application.
In case you have not installed it yet, you can download it here: Android and iOS.
Now, launch your application and type in your credentials to get signed in.
2. Tap on Receive and Copy the Address
After opening the Coinbase application, you will be able to see multiple options such as Buy, Sell, Send, Convert, and Receive.
Tap on Receive.
Now, you need to select the crypto that you want to receive.
Tap on the Asset box and select the crypto.
You will be able to see the address along with the QR code.
Tap on Copy.
If you want to share that address, you need to tap on Share address.
3. Launch your Trust Wallet Application
Open your Trust Wallet application.
You could see multiple options such as Send, Receive, Buy, and Swap.
Tap on Send.
4. Select the Crypto Asset
Now, you could see the crypto that you wish to send.
Tap on it.
5. Paste the Coinbase Address
You will be able on the Send page.
Paste the Coinbase address that you have copied in Step 2.
Enter the amount.
If you want to send all, tap on MAX.
Lastly, tap on Continue.
6. Tap on Confirm
After tapping on Continue, you will land on the Transfer page.
There you will be able to the To address and the network fee.
Review it and tap on Confirm.
7. Check your Coinbase Account
After a few minutes, you can head back to your Coinbase application and check your balance or recent transactions.
Usually, the transfer of crypto from Trust Wallet to Coinbase takes up to 5 minutes.
In case there is any congestion on the blockchain, it may take up to 12-24 hours.
To check the recent transactions, select the crypto on the “Assets” page.
Just below the chart, you could see the currency name. Tap on it.
Now, you will be able to see the recent transactions.
That’s it. You have successfully transferred your crypto from Trust Wallet to Coinbase.
Transferring crypto from Trust Wallet to Coinbase is a simple task.
Always ensure to send the pure crypto to Coinbase.
Because Trust Wallet contains both the pure cryptocurrencies and the Binance-pegged cryptocurrencies.
For example, you need to send ETH (ERC-20) to Coinbase; not the Binance-peg Ethereum (BEP-20).
If you send any Binance-pegged cryptocurrencies to Coinbase, that will result in permanent loss of your crypto.
1. I haven’t received my crypto on my Coinbase account/ Coinbase wallet?
You will not receive your crypto on your Coinbase account/ Coinbase wallet if you have sent the Binance-peg cryptos (BEP-20). Coinbase and its wallet don’t support the BEP-20 standards currently. Because BEP-20 tokens are on a separate network.
If you have sent BEP20 tokens to Coinbase or other exchanges that don’t support it, you lost your cryptocurrency. Nobody, even the Trust Wallet team cannot recover it.
Learn how to withdraw cryptocurrency from Coinbase and transfer it to your Trust Wallet to ensure you hold your own private keys, in a secure, non-custodial wallet.
What Is Trust Wallet?
Trust Wallet is a simple and secure mobile multi-chain wallet that supports 64 blockchains and over 3 million digital assets including NFTs. It is currently being used by over 50M users worldwide facilitated by a fully security audited system that makes it simple to store all your crypto assets safely.
Your private keys are stored on your device and your assets on-chain meaning you are in full control at all times. Trust Wallet gives you the ability to natively buy, swap and stake your favourite crypto without having to leave the app and also connect to dApps with the in-built dApp browser.
Don’t have Trust Wallet yet…? Download here!
Why Transfer Your Funds To Trust Wallet?
Holding your crypto assets on a custodial platform like Coinbase.com means that you aren’t in complete control over your funds. Instead, you have to trust the provider with your private keys and thus de facto ownership of your cryptocurrencies.
In the case of Coinbase, for example, that means risking losing your crypto in case the publicly-traded company goes bankrupt, as the company explained in a recent earnings report.
You would be better off storing your crypto assets in a secure, non-custodial wallet like Trust Wallet, where you hold your private keys and have complete control over your funds.
Read on to learn how to withdraw crypto from Coinbase and transfer it to Trust Wallet for safekeeping.
How to Withdraw Funds from Coinbase in 4 easy steps:
If you are a Coinbase.com user and want to transfer your digital assets to a secure wallet like Trust Wallet, you will first need to log onto your Coinbase account online using your login credentials and complete two-factor authentication (2FA). Alternatively, you can open the Coinbase mobile app on your smartphone.
Next, access your wallets and take a look at which cryptocurrencies you hold in your Coinbase account.
Since Trust Wallet supports 3+ million digital currencies and tokens across 64+ blockchains, you will very likely be able to transfer any cryptocurrency you hold with Coinbase to your Trust Wallet.
Before you start sending your crypto over to your Trust Wallet, enable each cryptocurrency you want to receive to make it visible in Trust Wallet. To do that, simply click on the icon on the top right in your Trust Wallet and swipe the button next to each asset you want to make visible in the app.
Firstly, choose the first cryptocurrency you want to send and click on the specific asset’s wallet within your Trust Wallet. In this example, let’s use Solana (SOL).
Click on the ‘Receive’ button (image 1) and copy and paste the Solana wallet address (image 2).
Then, you open your Coinbase app and head to the ‘assets’ tab, viewable on the bottom of the screen. Next, click on the asset you want to send. In this case, choose Solana (SOL). (image 1)* Then, select the ‘Solana’ icon again (image 2).
Since you want to securely store your SOL tokens in a non-custodial wallet, you can send all your SOL by clicking the arrow button in the top right of the screen (image 1). Then, hit the MAX button in the top left of the screen, then tap the continue button (image 2). Then, paste in your Trust Wallet SOL wallet address and click ‘Preview Send (image 3).
Step 3.1: Where is my Trust Wallet Address?
It’s simple! Find the token you want to receive in your Trust Wallet, in this case SOL, and tap on recieve (image 1). Next, copy the address that opens in the next window (image 2).
Double-check that all the details are correct and then tap on ‘send now’, (image 1) and then ‘Done’ And that’s it!
Now, repeat this process for all digital assets that you are holding on Coinbase to transfer all your crypto to Trust Wallet.
Why Should You Move Your Crypto from Coinbase to Trust Wallet?
Coinbase.com and the Coinbase app provide custodial wallets, which means that Coinbase holds user wallets’ private keys, effectively holding crypto on behalf of their users.
The problem with that is that you have to trust Coinbase (and other custodial wallet providers) that they will take good care of your funds. Unfortunately, that is not always the case. There are countless stories of Coinbase users being locked out of their accounts and having their funds frozen. In these instances, it often takes users weeks or months to access their crypto holdings.
That’s why it’s essential to hold your crypto assets in a non-custodial wallet, like Trust Wallet, where only you have control over your wallet’s private keys. Trust Wallet cannot access your funds, nor does the company collect any user data that could identify users.
At a Glance: To withdraw from Trust Waller, first, swap your crypto assets to a popular cryptocurrency like Bitcoin or ETH. Then, send the Bitcoin or Ether to Binance, a popular exchange that allows you to cash out your cryptocurrencies.
So, you’ve chosen to store your crypto assets in Trust Wallet. Maybe you like how easy it is to buy crypto on Trust Wallet, or maybe you like that you can earn interest by passively staking your assets.
Perhaps you’ve made a profit with your crypto and now you want to withdraw your profit into your bank account. But Trust Wallet doesn’t allow you to sell your assets for fiat currency. What do you do now?
You’ll need to transfer your assets from Trust Wallet to another crypto exchange. Follow the five steps below to learn how to withdraw money from Trust Wallet.
What Is Trust Wallet?
Trust Wallet is cryptocurrency software wallet software. There are many cryptocurrencies available today, and Trust Wallet supports a large number of them. It allows you to purchase, sell, and swap different coins, blockchains, and other digital assets, delivering full cryptocurrency management functionalities.
Trust Wallet helps your coins work for you by staking your assets with a flexible interest rate. The program provides you with a validated proof-of-stake certification so you can collect interest on your crypto assets. This automated feature means your cryptocurrencies will continue to earn you money on their own.
A lot of cryptocurrency exchanges make it somewhat challenging to purchase cryptocurrency. Trust Wallet, on the other hand, allows you to easily buy crypto with your credit card so you can quickly begin to trade.
Many people believe hardware wallets are the safest option, but Trust Wallet prides itself on its secure access. The program provides you with a secure access key, ensuring you’re the only person that can gain access to your sensitive financial assets.
Trust Wallet even helps you find other businesses and vendors that accept cryptocurrency for their goods and services.
This product is open-source and available completely free of charge with no transaction fees.
How to Withdraw Money from Trust Wallet
To withdraw money from Trust Wallet to your bank account, you first need to swap the token for Bitcoin or Ethereum. Then, you must send the Bitcoin or Ethereum to a popular exchange that allows you to cash out your cryptocurrencies. You can do this by selling your cryptocurrencies for fiat currencies such as USD, AUD, GBP, etc. Once you have sold your cryptocurrencies, you can withdraw the fiat currency from the crypto exchange to your bank account.
Here are 5 easy steps for how to withdraw money from Trust Wallet in more detail.
The first step is to swap your crypto assets to a popular cryptocurrency like Bitcoin or Ethereum in your Trust Wallet account. You can do this by converting all your tokens or coins into Smart Chain on Trust Wallet.
The next step is to create an account on a popular cryptocurrency exchange like Binance. You can pick any crypto exchange that allows you to sell crypto for fiat currency. Binance is often highly recommended because it supports over 60 fiat currencies and allows you to use credit cards, debit cards, bank transfers, and cash balances.
After you’ve created an account and logged into it, you’ll find yourself on the dashboard. Click on “Wallet” followed by “Fiat and Spot” on the top navigation bar to go to your “Fiat and Spot” wallet.
Next, find the cryptocurrency that you want to cash out from Trust Wallet (for example Bitcoin) and click on “Deposit”. For example, if you have Ethereum on Trust Wallet and you want to cash it out, navigate to “Ethereum” and click on “Deposit”.
To cash out your cryptocurrency on Trust Wallet, you must send it to Binance to sell it. To do this, you need to copy your cryptocurrency’s address (e.g. Ethereum) on Binance.
Now that you have the Binance address you want to send your cryptocurrency to, open the Trust Wallet app. Navigate to the Smart Chain page.
After you’ve tapped on the cryptocurrency that you want to cash out (e.g. Ethereum), you’ll land on your Ethereum wallet. On your Ethereum wallet, you’ll see multiple icons including “Send”, “Receive”, “Copy”, and “More”.
Since you can’t sell your Ethereum on Trust Wallet, you need to send it to Binance. Tap on “Send” to send your Ethereum to Binance. Then, paste your Ethereum address from Binance on the “Recipient Address” field. You can find this address by following Step 2.
Next, enter the amount of Ethereum you want to send to Binance in the “Ethereum Amount” field. The value of the Ethereum that you’re sending will be displayed under the field. After you’ve tapped on “Next”, you’ll land on the confirmation page where you need to confirm the withdrawal.
The withdrawal process will take about 30 to 60 minutes.
After you’ve sent the cryptocurrency you want to cash out from Trust Wallet to Binance, you can sell it for fiat currency on Binance.
Navigate to the “Buy and Sell Cryptocurrency” page on Binance. On the “I want to sell” field, select the cryptocurrency you want to sell (e.g. Ethereum). Then, enter the amount of Ethereum you want to sell.
Next, select the fiat currency you want to receive on the “You will receive” field (e.g., USD, EUR). Tap “Next” to go to the confirmation page.
Now that you’ve sold a cryptocurrency to a fiat currency (e.g. USD), you can withdraw the fiat currency or money to your bank.
On Binance, click on “Wallet” followed by “Fiat and Spot” on the top navigation bar. On your Fiat and Spot wallet, click on “Withdraw” at the top of the page. Then, click on the “Withdraw Fiat” button.
On the fiat withdrawal page, you need to select a currency and payment method. On the “Currency” field, select the currency that you want to withdraw to your bank account (e.g. USD). The recommended payment methods are “Bank Transfer (SEPA)”, “Bank Card (Visa)” or “Silvergate Bank (SWIFT)”.
In the “Amount” field, enter the amount of money you want to send to your bank account. Select the bank account you want to send the money to on the “Withdraw To” field and click on “Continue”.
After you’ve clicked on “Continue”, complete the security verification and the money will be sent to your bank account.
You’ll usually receive the money within 30 to 60 minutes.
When you withdraw through Binance Fiat Exchange you will be charged withdrawal fees. If you don’t want to pay fees, you will need to look for a Peer-to-Peer (P2P) option so you can exchange your crypto for cash from another user.
Now you understand how to withdraw money from Trust Wallet. You first need to swap the token for Bitcoin or Ethereum on Trust Wallet. Then, you must send the Bitcoin or Ethereum to a popular exchange that allows you to cash out your cryptocurrencies.
Once you have sold your cryptocurrencies, you can withdraw the fiat currency from the crypto exchange to your bank account. It’s as simple as that!
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