March 8, 2022
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.
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.
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.
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:
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:
Your coins are now available on the Crypto.com app and can be transferred to Coinbase.
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:
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.
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:
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.
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:
It could take up to two hours for the transfer to hit your Coinbase account.
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.
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