How long does it take to transfer ethereum from metamask to coinbase
To buy ETH, first you will need to set up a Coinbase account. Having launched in June 2012, Coinbase has built its reputation as one the most trusted and secure crypto exchanges in the world. With over 89 million registered users, you can trust that you’re not alone when you choose Coinbase as your preferred crypto exchange.
To set up your Coinbase account, follow these steps below:
- Create your account
Go to Coinbase from a browser on your computer, or download and open the Coinbase app on Android or iOS to get started.
- Verify your email
Select Verify Email Address in the email you received from Coinbase. This email will be from [email protected]
- Verify your phone number
When you sign into Coinbase, you will be asked to enter your phone number. Upon doing so, you will need to enter the seven-digit code Coinbase texted to you, into your Coinbase account.
- Enter your personal information
Enter all the required info from your government-issued photo ID (you will need to provide a picture of your ID later).
- Verify your identity
Sign into Coinbase to complete your ID verification.
- Link your payment method
Depending on which country you live in, the type of payment methods you can link will vary. In general, you can choose to link to a Bank Account, Debit Card, Wire Transfer, PayPal, and other various forms of payment.
If you need additional help setting up your Coinbase account, make sure to check out this guide.
I presume I am doing, or god forbid have done something wrong.
I tried to send WETH from Metamask to Coinbase. I selected Receive ETH on Coinbase and copied the address. Then I chose Send on Metamask, ETH and sent all to the address from Coinbase.
On Metamask all looked ok. Activity log says that transaction was confirmed 3hrs ago. But nothing appeared on coinbase.
When i check Etherscan, the status is shown as Success, and in section Tokens Transferred it shows the correct From address and the correct To address, also the correct amount. The section Interacted With shows a contract nuber which I dont know – should this be the same as the To (coinbase) address?
Strangely to me the Value section shows zero Ether and zero $.
Should I wait a bit longer before it appears on my Coinbase, or I did something wrong?
EDIT: I now learned that most likely the issue is because I sent the wrapped ETH (WETH) and as these are no supported by Coinbase they effectively disappeared. I contacted Coinbase for help. Any suggestions from you?
How To Send Ethereum from Coinbase to MetaMask Wallet
Coinbase is one of the most popular cryptocurrency exchanges in the world. Designed for beginners, it offers a simple interface that guides users through the sometimes complicated world of crypto.
However, the native Coinbase wallet is not one of the most common on NFT marketplaces. As such, you are often required to send your ethereum from Coinbase to another wallet like MetaMask.
This short guide will break down, step by step, how to send your ethereum from Coinbase to MetaMask.
This guide assumes you have already begun to purchase cryptocurrencies via Coinbase and that you already have a MetaMask account. If you are missing one of these, please click here to find more Cryptonews guides.
Source: Adobe / prima91
Coinbase and Metamask
For many, their first venture into the world of cryptocurrencies is through Coinbase – a user-friendly exchange that not only allows people to purchase bitcoin (BTC) but also to learn about the currencies they are purchasing.
For some, owning the currency is not enough. They want more, and as a result, look to purchase non-fungible tokens or “NFTs”. To do this, you must move your currency off of your exchange and into a specialized wallet which simultaneously acts as your login credentials to the marketplace you are looking to purchase from, as well as your wallet.
For most, MetaMask is the go-to wallet, and for this guide, we will be showing you how to safely send your ETH from Coinbase to your MetaMask wallet.
Let’s kickstart your NFT journey!
Sending Your Ethereum
The first step to sending and receiving your ETH is to obtain the address of the receiving wallet.
On Google Chrome this is found by opening your MetaMask extension, and looking underneath the “Account 1” heading, where you will see a string of letters and numbers – this is your Ethereum wallet address.
It must be noted that this address is only for Ethereum and its tokens, and if you try to send an ETH-incompatible currency to this address you will lose the currency into the blockchain and will be unable to retrieve it.
If you hover over this address you will be prompted to “Copy to clipboard”. Click to copy the address, ready to paste it later on.
The next step is to open Coinbase and find the “Send / Receive” button in the top right-hand corner. Click this and you will be met with a pop-up in the middle of your screen.
Ensure that you complete the boxes accurately to guarantee your Ethereum goes to the correct wallet – a warning will appear if you enter an invalid Ethereum address.
- Pay with: Ethereum
- To: Paste your MetaMask wallet address that you copied earlier – e.g. 0x8a4F8F953b684c941D8D69F9062f65F41B49451d
Note: This is optional, but much like a traditional bank, you can add a note as to why this money is being sent.
Once completed, you will see the blue “Continue” button become active. Once clicked, you will be automatically redirected and prompted to review your transaction. Pay attention to this review as it will inform you of any additional fees and an estimate on the time it will take to complete the transfer.
If you have 2-step verification enabled, you will now be prompted to enter the code from your authenticator app or text message. Complete this and then press the confirm button.
Finally, you will see a screen confirming your transaction, as well as a confirmation email that specifies the amount sent, and the receiving wallet address.
Once completed, open your MetaMask extension again and you will be met with your updated Ethereum balance. Do not worry if this is not immediate – if there are a lot of transactions happening at once there may be a slight delay in the speed of transfer.
Sending ETH from Coinbase to Metamask – Summary
Given the growing prevalence of NFTs and other assets which can be purchased using cryptocurrencies, it is important that you understand how to effectively move your money into a wallet that allows you to complete these transactions.
As we have mentioned before, MetaMask is more than a wallet – it is also your login credentials for many marketplaces, so it is an ideal wallet for you to start your adventure. Now you are able to send and spend, your money on the blockchain.
In the upcoming guides, we will be covering how to utilize MetaMask with marketplaces such as OpenSea and Rarible for spending your currencies and purchasing your own NFTs.
Home » Ethereum
How Long Does it Take to Send Ethereum?
EthereumJournalHow Long Does it Take to Send Ethereum? Torsten Hartmann
It depends on several factors.
This article will outline how long do Ethereum transactions take; we will look at a few different examples and outline what factors affect the transfer time.
How Long Does it Take to Transfer Ethereum from One Wallet to Another?
Wallet to wallet transfer times can vary depending on if you’re using a hot wallet (Online Wallet) or a cold wallet (Offline Wallet).
If your coins are already online, then transfer times to another wallet are reasonably fast.
Transfer times will differ depending on how many confirmations the transaction requires; transferring Ether from one hot wallet to another will take anywhere between 16 seconds to 5 minutes.
Transferring coins from a cold wallet will take slightly longer as you will need to deal with the additional security required to complete a transfer.
How Long Does it Take to Transfer Ethereum from Wallet to Exchange and Vice Versa?
Transfers to exchanges can take a little longer than a wallet to wallet transfer; this is because exchange platforms often require more confirmations for the transaction to be completed; this adds more security and protects the exchange from double spend
What are Confirmations?
When you send Ethereum from one wallet address to another, you submit a transaction to the Ethereum blockchain. The transaction is then added to the Blockchainblockchain by miners (or validators).
Before the Ethereum appears in the other wallet, it has to complete a set number of confirmations; the number of confirmations required can differ depending on where you are sending your Ether.
Your transaction is said to have completed one confirmation after it adds to the blockchain. Each additional block added after the initial confirmation is a further confirmation for your transaction.
More confirmations mean, the greater the chance your transaction is done and irreversible.
Blockchain confirmations are essential as they are a way of verifying information that will then become permanent. If a transaction is fraudulent, the blockchain will not accept it: zero blockchain confirmations means zero transactions.
How Long Do Confirmations Take?
Confirmations on the Ethereum blockchain take around 16 seconds. For an up to date, figure see here, which shows the average confirmation time over the last x figure.
How Long Does it Take to Transfer ETH to My Bank Account?
Again, it depends on several factors.
For starters, whether you’re using a cold or a hot wallet.
Using a cold wallet will take longer as you need to complete additional security measures in order to transfer your coins online.
Say, if you want to transfer ETH from your wallet to Coinbase to sell it, the transaction speed will depend on how many confirmations Coinbase requires the transaction to complete.
Coinbase requires 30 confirmations. This means transferring Ether tokens from a wallet to Coinbase should take around 10 mins.
The next step is to sell your Eth on Coinbase for fiat. You can then withdraw the cash to your bank account. This Eth transfer time will depend on the exchange platform you are using, some exchange platforms will allow you to make an instant withdrawal, whereas some will take 3-5 business days to send the money.
Are There Any Fees?
There are fees with Eth transfers. Each transfer requires what is known as gas, pay a small amount of Ether to make a transaction.
Gas fees help keep the Ethereum network safe and secure. Transaction fees prevent spam on the network and increase the speed of legitimate transactions.
To summarize, Ethereum transactions are generally quite fast; however, the actual transaction time will vary depending on where you are sending your Ether.
All Ethereum transactions require a set number of confirmations before the transaction is completed. The more confirmations required, the longer the transaction will take. The good news is that confirmations on the Ethereum network take only around 16 seconds, so most transfers will be completed in just a few minutes.
For users wishing to sell their Ethereum for cash in their bank account, wait times are typically longer and can be anywhere from a few minutes to 5 days, depending on which exchange platform is used
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