How To Transfer Money From Robinhood To Coinbase

Cryptocurrency investors decide to move from Robinhood to Coinbase for a number of reasons.

The near common is to access the large collection of coins offered by Coinbase. While Robinhood does support 16 cryptos, Coinbase offers over 60!

Transferring from Robinhood to Coinbase is actually a pretty simple and painless procedure. In this article, we will encompass those steps in item.

Transferring Crypto From Robinhood To Coinbase

Moving crypto from Robinhood to Coinbase involves just v simple steps:

1. Create a new Coinbase account (unless you already take one)
2. Verify Coinbase account
3. Locate and copy Coinbase wallet address
4. Enable Robinhood Crypto wallet
5. Transfer crypto from Robinhood to Coinbase

Each of these steps have a few steps of their own! Let’s review in greater detail.

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1. Open up A Coinbase Account

Coinbase is one of the top cryptocurrency platforms to choose from.

In improver to a massive collection of cryptocurrencies, Coinbase also offers members access to its library of educational content. These learning materials besides allow you earn free crypto!

If y’all sign upwardly for Coinbase using our push above,
yous volition get $5 worth of free Bitcoin!

Before executing a transfer from Robinhood to Coinbase, you lot will need to set up a Coinbase account. (Y’all can skip this step if you already take an account.)

Setting upwardly a new Coinbase account
is simple:

• Download the Coinbase app (use this link for a gratuitous $5 worth of Bitcoin)
• Create an account with your
  email and password
• Submit your
  address and SSN for verification
  and tax purposes
• Set upwardly
  2FA
  by calculation your phone number
• Link to your banking company business relationship using a
  secure service called Plaid
• Verify your ID
  past taking a moving-picture show of the front and back

ii. Verify Your Coinbase Account

When creating a Coinbase account, you can really skip verification and first trading cryptos immediately.

However,
to ship and receive crypto, you practise need to verify your account. You can do so byuploading a photo of your driver’due south license
or other country issued ID. Follow these steps to verify your account:

1. Click
   “Transport/Receive”
   once logged into Coinbase
2. A popup volition announced that
   prompts you to upload a photo of your ID
   (front and dorsum)
3. This
   tin can take 1-2 business organization days
   to complete

Yous will receive an email one time you are verified or if Coinbase needs more information.

If the epitome of your ID is clear and matches the information in your account,
verification will be completed in mere minutes.

three. Gather Necessary Information From Coinbase

Cryptocurrency is held in a wallet, and
each crypto wallet has a unique address.
For instance, if you lot are sending Bitcoin, then you must employ a Bitcoin address. This is truthful for each cryptocurrency.

In order to transfer crypto to a new platform, you will demand this accost. To find your Coinbase wallet address, utilise the steps below:

1. In the “Dwelling house Tab” of the Coinbase app, tap “Receive” at the top
   (on the desktop version, click the “Send/Receive” push button)
2. A new screen (popup on the desktop version) volition announced with a
   QR code and an address
3. Below the accost, you will run into a cryptocurrency
4. Tap the box to select the crypto you wish to transfer
5. Copy this address with the “copy” function
   on your phone
6. You will utilise this once you initiate a transfer from Robinhood

4. Enable Robinhood Crypto Wallet

Robinhood recently launched their new wallet. In gild to execute this transfer, y’all will need to activate it.

To do and then, y’all will navigate to settings in your Robinhood app and verify your identity with a pic of your ID. You will likewise need to set up 2FA.

Cheque out our complete guide to setting upwardly the new Robinhood wallet for more details.

v. Transfer From Robinhood to Coinbase

With a new Coinbase business relationship created and the Robinhood wallet enabled, yous are ready to actually initiate the transfer.

Follow the steps below to finish this transfer:

1. Open the Robinhood app and search for the crypto y’all are looking to transfer
2. Scroll down and tap on “Send”
3. Enter how much you would similar to transfer. You can select “Ship All” if you lot want to move all of that specific cryptocurrency
4. Paste the wallet address y’all copied from Coinbase in the previous step. Tap “Enter Manually”
5. Paste in the wallet accost
6. You will also demand to paste in the code from your authenticator app
7. Tap “Review”
8. Tap “Confirm” subsequently reviewing the transfer

Final Thoughts: Transfer From Robinhood To Coinbase

Transferring from Robinhood to Coinbase is a quick and easy process.

You volition demand to sign up for a new Coinbase account and become through the steps to verify it. Y’all will as well need to enable Robinhood crypto wallets. Once these steps are done, it is every bit simple as copying and pasting a wallet address.

Exist certain to utilise the right wallet address as this could delay or end your transfer!