Ever considered transferring your crypto from Coinbase to Robinhood, but unsure how to do it? You're in good company.
This article provides an easy guide on how to transfer crypto from Coinbase to Robinhood, detailing every step for a smooth and secure transaction.
Here's a few of the pros and cons of using Robinhood versus Coinbase.
Many users take advantage of both!
If you transfer an existing brokerage account to Robinhood through January 31st 2024, you can get an Unlimited 1% Transfer Bonus.
For example, if you transferred a brokerage account worth $50,000 - that would be a bonus of $500.
In addition, Robinhood offers a free stock for new users as well as a 1% IRA match for retirement accounts.
|1 Free Fractional Share Worth $5 To $200||Claim Bonus|
|Earn Up To 70 Free Fractional Shares||Claim Bonus|
|5 Free Stocks When You Deposit $100+||Claim Bonus|
|$20 Bonus When You Invest $5+||Claim Bonus|
First, you will need to open a Robinhood account.
Use the button above to get a completely free stock when you sign up!
Enabling the new wallet requires verifying your identity through a photo of your passport or driver's license and setting up 2 factor authentication with your email, phone number, or authenticator app.
You can complete this process by going to your Robinhood app and following the prompts in settings.
When sending crypto from Coinbase to Robinhood, we need to locate the correct Robinhood wallet address. Each crypto has a unique address.
For example, if you want to send Bitcoin, you must use a Bitcoin address.
Use these steps to locate your Robinhood crypto addresses:
With the wallet address from Robinhood copied, you are ready to send.
Follow these steps in the Coinbase app:
Transfer times can vary based on network congestion, generally taking no more than 5 minutes for ERC-20 coins.
After initiating, you will receive notifications from both platforms confirming the transaction.
Don't forget to grab your free stock worth up to $200 from Robinhood today!