How to transfer and recover cryptos on Coinbase?

Now that you have familiarised yourself with Coinbase and bought your first coins (BTC, ETH, XRP…). We will see how to transfer those coins to another exchange (Binance in the example), and then we will see how to send them back on Coinbase (which can be useful if you want to sell those coins later on).

In this tutorial we will send Ethereums (ETH). Note that the procedure to follow is the same for any other cryptocurrency.

Transferring ETH from Coinbase to Binance

After you bought your first coins on Coinbase.

To send them to another exchange:

Go to the “Accounts” section.

menu coinbase

Choose the cryptocurrency you want to send, in this case ETH.

(NB: Please notice that cannot send different coins at the same time).

ethereum wallet

Click on “Send“.

an ethereum address

First enter an ETH address (which is the address on which you will receive your ETH).

To find it, go to the exchange you want to send your ETHs..

In this case, we will send them to our Binance account.

Connect to your binance account. Go to the “Funds” section and click on “Balances“.

funds binance

In this case we are sending ETHs, so it is important to click on the “Deposit” button located on the Ethereum line.

(NB: You must absolutely send the coins to the corresponding addresses because sending ETHs to a BTC address will cause the loss of your funds).

ethereum sent deposit

Select the line corresponding to the token you are sending.

sent ethereum coinbase

Click on “Copy the address“.

Then go back to Coinbase.

wallet address recipient withdraw

Paste the corresponding address. Make sure you have pasted the correct address (to do so you can look at the first and last three numbers of the recipient)

Enter the amount you want to send.

Once this step is completed, click on “Continue“.

mobile number confirming senting eth

Please enter the confirmation code received by SMS to validate your transaction.

Then, click on “Confirm“.

recent activity sent waiting

You can see that your ETHs are now being sent.

You can also check this transaction on Binance (it may take a few minutes to appear, no worries).

send history confirming binance

send ethereum confirming

On Binance you can see the progress of the confirmation of the Blocks.

Wait until 30/30.

send completed ethereum binance

Once you see the confirmation, it means that the transaction is complete.

recent activity sent

You can see that on Coinbase your ETHs have been sent.

wallet ethereum deposit withdrawal trade

Your ETHs are now on your Binance’s wallet.

Send back your ETHs on Coinbase

When your coins are on an exchange platform, you might want to transfer them to a buying/selling platform to exchange them for FIAT currency (EUR, USD,…). Thus you can protect your funds from prices variations or send your funds back to your bank account for example.

Let’s take Coinbase as example:

Sending your tokens from an exchange to your Coinbase account is a very simple process.

In this example we will send ETHs from Binance.

Go to the “Funds” section and click on “Balances“.

funds binance

In this case we are sending ETHs, so it is important to click on the “Deposit” button located on the Ethereum line.

NB: You must absolutely send the coins to the corresponding addresses because sending ETHs to a wrong address (such as BTC) will cause the loss of your coins.

wallet ethereum binance deposit withdrawal trade

Select the line corresponding to the token you want to send.

tutorial ethereum total balance

Then enter an ETH address.

It is the address on which you will receive your ETH.

Go to Coinbase.

eth address help send

You will therefore have to enter an ETH address, in other words it is the address that will receive your ETH.

Go back to Coinbase.

menu homepage coinbase

Click on the “Accounts” section

ethereum tutorial wallet

Then on “Receive“.

QR code address ethereum wallet coinbase

Copy the address and return to Binance.

ethereum address help sent

Please verify that you paste the correct address.

Enter the amount desired.

2FA google authenticator submit

Enter the Google Authentication Code to validate the transaction. It can also be a confirmation code by SMS depending on the option you chose when you registered.

withdraw request confirm validation

Then click on “Confirm Withdraw” to confirm the sending.

request successful binance tutorial

Your transaction should now take place shortly.

history ethereum processing

You can track its progress by clicking on “Deposit & Withdrawal History” as indicated.

received eth waiting

You can also check this transaction directly on Coinbase (it may take a few minutes to appear, no worries).

Wait until the transaction is fully validated.

received eth address

received ethereum address

You can then see on Coinbase that the transaction has been sent.

history completed ethereum

You can also see on Binance that your transaction has been completed.

portfolio eth list

Your ETHs are now present in your Coinbase’s portfolio / wallet.

Now you know how to send and receive coins on Coinbase.


Did you like this article? Then I invite you to look at the following articles

Coinbase Review
Buy or Sell Bitcoins on Coinbase
” How to transfer cryptocurrencies from an exchange to Binance?

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