How long does it take to send bitcoin from crypto.com to coinbase

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

Quick Dive into Cryptocurrencies and Crypto Exchanges

Cryptocurrency, commonly called crypto, is digital currency. Crypto is unlike standard currencies, such as the U.S. dollar, in that it is not centrally managed. Management and maintenance activities are instead performed by internet users around the globe.

You can use crypto to purchase goods and services like regular currency, but it’s more commonly used for investing purposes. While you’ve most likely heard of the most popular cryptocurrencies such as Bitcoin and Ethereum, there are actually over 21,000 cryptocurrencies circulating today.

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

This may occur between two different users, or a single user may transfer their own funds. There are many reasons a user may choose to move crypto funds from one exchange to another.

To name a few, different exchanges offer different levels of security, support different currencies, and have different fee schedules for their services. Two of the most popular exchanges right now are Crypto.com and Coinbase. Let’s briefly run down some of the top features of these exchanges.

Crypto.com

Crypto.com was originally founded in Hong Kong in 2016 and it is now operated out of 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 for holding crypto and earning interest; and Pay for sending and receiving crypto payments. Crypto.com supports an incredibly large number of different currencies.

Coinbase

Coinbase was founded in the United States in 2012. Like Crypto.com, Coinbase offers a wide array 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 top exchanges for beginners.

Transferring From Crypto.com to Coinbase

To get started transferring crypto from Crypto.com to Coinbase, you will first have to verify your Coinbase account. You will be prompted to do this when clicking on “Send/Receive” on Coinbase. You will then need to upload a picture of your ID. KYC verification usually happens in minutes, but in some cases it may take several business days, so be sure to get started with this step right away.

How to receive through Coinbase will depend on whether you are using 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 plugged into Crypto.com to send the funds. Let’s break down how to accomplish each of these steps through simple how-to instructions for each.

Transferring Through the Coinbase Website

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

  1. Go to your 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 choose the asset you would like to receive.
  4. Select the network you want to receive your funds 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.

Transferring Through the Coinbase App

  1. Go to the Home or Pay tab and click on the down arrow.
  2. Select the asset that you would like to receive.
  3. Select the network you would like 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.

Receiving 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 funds.

  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 that you are transferring to Coinbase
  4. Paste the recipient address that you created  and copied in Coinbase, then tap “Continue”
  5. Go to your email to confirm the wallet that you just created on Crypto.com in the preceding steps
  6. Go back to Crypto.com and again select “Transfer” -> “Withdraw”
  7. Select the new wallet
  8. Enter in the amount of crypto that you would like to transfer from Crypto.com to Coinbase
  9. Select “Withdraw” -> “Confirm”

After completing these steps, you will be able to view the transaction on the explorer by tapping [View Status on Explorer]. You can then also refresh your wallet simply by pulling down on the home screen.

Read also: How to Withdraw Money from Crypto.com to a Bank Account

FAQs

How Long Does it Take to Transfer Funds From Crypto.com to Coinbase?

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

What Should Be Done if the Transferred Funds Aren’t Showing Up in Coinbase After the Expected Transfer Time?

Coinbase suggests taking several steps if you are not seeing the transferred crypto in your account. Firstly, try closing and re-opening the Coinbase app or browser. If you are using the app, be sure that it is upgraded to the newest version. Confirm that you used the correct network and recipient address when sending funds 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 across the Internet. Fees incentivize users to complete tasks. Higher fees usually correspond to faster transfers, as they are more attractive to the users who will pick up the tasks quickly. Fees vary based on transfer time, type of cryptocurrency being moved, and the network that funds are being moved through.

Final Thoughts

Crypto can be moved between exchanges without too much hassle if the user understands the steps that need to be undertaken. The basic idea is generally the same across different exchanges, but the exact instructions will be dependent on the exchanges that are being utilized. The steps described in this article make it simple to transfer specifically from Crypto.com to Coinbase, although the send and receive instructions for each will be the same regardless of which other exchange platform is being utilized.

In the last few years, the cryptocurrency market has garnered a lot of interest. Buzzwords like NFTs and DeFi have made their way into the mainstream conversation. As a relatively new market, though, users are still exploring different cryptocurrency platforms and exchanges, hoping to find what best suits their needs.

How To Transfer Crypto From Crypto.com to Coinbase

If you’re looking to transfer tokens from Crypto.com to Coinbase, you have come to the right place. This guide gives step-by-step instructions on how to seamlessly accomplish the process.

How to Transfer Crypto From Crypto.com to Coinbase

Crypto.com and Coinbase share a lot of similarities as both platforms facilitate the buying, selling, and storage of cryptocurrency. Understanding how these sites work is vital when attempting to carry out transactions. However, there are a few things to bear in mind when transferring funds from one exchange to the other.

  • Just like with regular bank transactions, crypto withdrawal from one platform to another will attract transaction fees.
  • Crypto.com is currently working on improving its transaction infrastructure. At the moment, it can take up to two hours to process withdrawal transactions.
  • Before getting started with the transfer, confirm that your token is supported on Coinbase. Trying to deposit a non-supported coin could lead to the loss of funds.
  • Ensure that there are no white spaces before or after the address characters you have entered.
  • Extra characters like commas tend to pop up when you scan a QR code. Ensure that you delete all of them before running the transaction.

Connect Crypto.com App to Crypto.com DeFi Wallet

In order to access the tokens you would like transferred from the Crypto.com app to Coinbase, you will first need to connect the app to your DeFi wallet. Here’s how it’s done:

  1. Open your Crypto.com DeFi wallet.
  2. From the home screen, navigate to “Connect to Crypto.com App.”
  3. Read through the Terms and Conditions and press “Agree” to acknowledge the disclaimers.
  4. Hit “Continue” to proceed to the next page.
  5. Input the email address for your Crypto.com account.
  6. Confirm the “Authorize Connection” email sent to your address by clicking “Connect.”
  7. Type in your Crypto.com six-digit passcode.
  8. Launch the Crypto.com DeFi wallet by pressing “Authorize.”
  9. You will receive confirmation that you have successfully linked your Crypto.com DeFi wallet to your Crypto.com app.

Once your app and DeFi wallet are connected, you can transfer funds from the wallet to make them available for the move to Coinbase. Here’s what you should do to send tokens from the Crypto.com DeFi wallet to the platform’s app:

  1. Open the DeFi wallet and choose the coin you would like to send.
  2. From the address screen displayed, select “Crypto.com App.” This option will be deactivated for tokens that are not supported.
  3. The token’s app address will be populated automatically.

Your coins are now available on the Crypto.com app and can be transferred to Coinbase.

Whitelist Coinbase as a Withdrawal Address

Crypto.com requires you to whitelist the address where coins are going to be deposited. This procedure adds an extra layer of security for transactions. In order to ensure that you can transfer funds from Crypto.com to Coinbase, you will first have to whitelist the latter. This is how to do so:

  1. From your browser, go to the Coinbase website.
  2. Log in to your account by typing in your credentials.
  3. Press the “Send/Receive” button located in the top right corner of the homepage.
  4. Click “Send” to view the deposit address.
  5. Scroll to the token you want to be deposited. Ensure that it is the same one you want to withdraw from Crypto.com.
  6. You will be presented with the wallet address and a QR code. Press the copy button next to the address.
  7. Launch the Crypto.com app on your device and hit “Transfer” at the top of the screen.
  8. Click “Withdraw” then “Crypto.”
  9. On the page that opens, press “External Wallet” and tap the “+ Add Wallet Address” button.
  10. Select the token you would like to withdraw and paste the wallet address you copied from Coinbase.
  11. Insert a name for your new address and hit “Continue.”
  12. Confirm the Coinbase address through the email sent to you by Crypto.com.

Coinbase has now been added to your Crypto.com whitelist and you can transfer funds to the platform. Confirm that the token information on both platforms is the same before initiating a transfer. You may lose your money if the coin details are mismatched.

Please note that you will not be able to transfer funds to the new whitelisted address for a period of 24 hours.

Transfer Tokens From Crypto.com App to Coinbase

Transferring funds from Crypto.com to Coinbase is a straightforward process. Here are the steps you need to follow once you are ready to get started:

  1. Open the Crypto.com app and tap on the “Transfer” button at the top of the page.
  2. On the pop-up window displayed, click “Withdraw.”
  3. Select “Crypto” from the choices offered on the next page.
  4. A list of options will be shown. Press “External Wallet.”
  5. Scroll to Coinbase from the list of whitelisted addresses.
  6. Enter the number of tokens you would like to withdraw and tap “Withdraw.”
  7. Confirm your decision by clicking “Confirm” on the next page.

The transfer process should begin in a few minutes. Please note that the duration of the transaction will depend on the type of coins involved. It could take up to two hours for the tokens to be deposited into your Coinbase account.

Transfer Tokens From Crypto.com DeFi Exchange to Coinbase

You can withdraw coins directly from the Crypto.com Exchange to your Coinbase account. To do so, you have to be at the starter level or higher, meaning that your personal information has to be verified by Crypto.com. To withdraw funds from the DeFi exchange to Coinbase, follow these steps:

  1. Go to the Crypto.com exchange and tap the “Log In” button.
  2. Type in your credentials to enter your account then navigate to the upper right-hand corner and click on “Balance.”
  3. Scroll to the crypto you would like to withdraw and press “Withdraw.”
  4. From the dropdown menu, choose the Coinbase whitelist address.
  5. Input the amount you would like to remove from the Crypto.com exchange.
  6. Hit “Review Withdrawal” and go over the transaction details. The amount you receive on Coinbase will be minus the transaction fee.
  7. Enter the Google Verification Code and the SMS OTP that you have received.
  8. Tap “Confirm Withdrawal.”

It could take up to two hours for the transfer to hit your Coinbase account.

Let’s Make That Trade

Several factors could play a role in the decision to move your funds from Crypto.com to Coinbase. This process can be accomplished seamlessly but there are some important factors to consider. It is crucial to ensure that the tokens you’re transferring are supported by the Coinbase platform. You should also check to make sure that the address for the coins you’re withdrawing from Crypto.com matches the corresponding Coinbase address.

Have you ever transferred crypto from Crypto.com to Coinbase? What method did you use? Let us know in the comments section below.

Written by Jane