With the growing popularity of cryptocurrencies, more and more people are getting interested in buying and trading them. Robinhood and Coinbase are two of the most popular cryptocurrency exchanges in the United States. If you have bought some crypto on Robinhood and now want to transfer it to Coinbase, the process is relatively straightforward.
Here are the step-by-step instructions to transfer crypto from Robinhood to Coinbase:
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Step 1:
Sign in to your Robinhood account and click on the “Account” icon in the bottom right corner of the screen.
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Step 2:
Scroll down to the “Crypto” section and select the cryptocurrency that you want to transfer to Coinbase.
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Step 3:
Click on the “Transfer” button next to the cryptocurrency that you want to transfer.
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Step 4:
On the next screen, you will see the option to transfer to an external wallet. Click on the “Withdraw Crypto” button.
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Step 5:
Enter the amount of cryptocurrency that you want to transfer to Coinbase and your Coinbase wallet address.
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Step 6:
Double-check the wallet address to ensure that it is correct, as sending cryptocurrency to the wrong address can result in the loss of your funds.
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Step 7:
Review the transfer details and confirm the transaction.
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Step 8:
Wait for the transaction to be processed. This can take anywhere from a few minutes to a few hours, depending on the network congestion and the amount of cryptocurrency being transferred.
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Step 9:
Once the transaction is confirmed, you should see the transferred funds in your Coinbase account.
It is important to note that there may be fees associated with transferring crypto from Robinhood to Coinbase. Robinhood charges a fee of $5 for cryptocurrency withdrawals, while Coinbase may charge a fee for receiving crypto from an external wallet.
Additionally, it is always recommended to double-check the wallet address before making a transfer to avoid sending funds to the wrong address. If you are unsure about the process or have any questions, it is best to reach out to the customer support team of either Robinhood or Coinbase for assistance.
In conclusion, transferring crypto from Robinhood to Coinbase is a simple process that can be completed in a few easy steps. By following the instructions outlined above, you can transfer your crypto safely and securely.
