If you choose a reputed cryptocurrency exchange, then it shouldn’t be an issue. That is something that you have to bear in your mind from a security perspective. The exchanges are holding your private keys and, thus, you are not entirely in control of your funds. There is an important factor to consider when storing your Bitcoins in the wallet on the crypto exchange. Do your research first and sign up with a most trusted local crypto exchange which offers excellent security features (Kraken, Bittrex, Binance, OKEx, Bitfinex, Poloniex, Kucoin etc). Alternatively, you can use the same principle to make transactions on any other cryptocurrency exchange, depending on your geographical location. You can also choose the normal transaction fee if you wish to save some money and don’t mind waiting for a longer time for your transaction to get verified.Īfter reading this article you should understand the practical aspects of selling, sending and receiving Bitcoin or any other cryptocurrency using Coinbase exchange. Then click on ‘Continue’.īy choosing the priority transaction option, you can ensure that your transaction gets verified within the next 20 minutes. Step 4: You then need to choose the fee that you would pay the miner to confirm your transaction. Step 3: On the screen that appears, enter the wallet address that you wish to transfer the Bitcoins to. Step 2: Choose the Bitcoin wallet and click on ‘Send’ Bitcoin. If you end up sending Ethereum or any other cryptocurrency to Bitcoin address then the funds will be lost forever. Remember, always send funds to the right wallet. Once they transfer funds to this address, it will reflect in your wallet after it is confirmed on the Bitcoin network. Step 4: Share this address with the person who needs to pay you. Step 3: Then copy the Bitcoin wallet address that appears. Step 2: Choose the Bitcoin wallet and click on ‘Receive’ Bitcoin. Step 1: Go to the homepage of your Coinbase account and click on ‘Accounts’ button. Just follow the steps below in order to make your first Bitcoin transaction.
Sending and receiving coins on Coinbase is very simple. You can use the Coinbase wallet to carry out your frequent transactions such as online shopping or when dealing with other crypto enthusiasts. You can then choose to transfer this amount to your bank account whenever you like. Your cryptocurrency will be converted to fiat currency and immediately reflected in your GBP, Euro or USD wallet. If everything looks all right, hit ‘Sell Bitcoin Instantly’. Step 5: Before you confirm your sell order, you will be given a detailed breakdown of the fee structure which is the processing fee charged by the exchange. Step 4: Then enter the amount that you wish to sell. Step 3: The next step is to choose USD, GBP or Euro wallet to which money from the coin sale will be deposited. Step 2: Choose the ‘Sell’ option and then cryptocurrency that you wish to sell. Step 1: Log in to the homepage of your Coinbase account and click on the ‘Buy/Sell’ button.
How to transfer bitcoin from blockchain wallet to coinbase how to#
What if one day you may want to sell or convert Bitcoin into your native currency? Here I will show you step by step how to do it. Whether you decided to sell a fraction of your Bitcoin, accept it or use it for online purchases, follow this step-by-step guide and you will understand how easy it is. Once you have registered with Coinbase, all you need is only a few clicks to be able to make transactions. It allows every user to buy and sell, send and receive Bitcoin and other cryptocurrencies without any hassle. Coinbase is a beginner friendly exchange platform. In this article, you will learn how to sell Bitcoin, as well as how to send and receive Bitcoin using Coinbase. I also covered the steps how to deposit money from your bank account and buy Bitcoin using both currency wallet and credit card. In my previous articles, I explained in details how to register and open an account with Coinbase. By using the blockchain technology, you are able to transfer funds directly and securely to anyone you want in the world almost instantly and at ultra-low fees. Moreover, Bitcoin runs on the blockchain that enables its users to transfer a unique piece of digital property in such a way that the transaction is guaranteed to be safe and secure. It allows users to transfer money from one person to another across the internet without intermediaries. By its design, Bitcoin eliminates trusted third parties such as banks and financial institutions and reduces the costs of electronic payments and transactions. Bitcoin is a decentralised peer-to-peer digital currency network.