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Written by Cari Scribner on November 17, 2023
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How To Transfer From Coinbase To Robinhood 2023

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.

Robinhood vs Coinbase

Here's a few of the pros and cons of using Robinhood versus Coinbase.

Many users take advantage of both!

  • Simplified Fees: Unlike Coinbase, Robinhood doesn't charge commission fees for its services (though you might pay an order flow fee).
  • Broader Investing: On Robinhood, you can branch out your investments. The platform supports crypto, stocks, options, and ETFs.
  • Crypto Selection: Robinhood currently supports only 15 cryptocurrencies compared to Coinbase's ~250 digital currencies and tokens.
  • Location: Robinhood is only available for US customers.

Limited Time: Robinhood 1% Transfer Bonus

If you transfer an existing brokerage account to Robinhood through January 31st 2024, you can get an Unlimited 1% Transfer Bonus.

Robinhood 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.

Best Free Stock Promotions

Robinhood Logo1 Free Fractional Share Worth $5 To $200Claim Bonus
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1. Open A Robinhood Account

First, you will need to open a Robinhood account. 

Use the button above to get a completely free stock when you sign up!

2. Enable Robinhood Crypto Wallet

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.

3. Locate Robinhood Wallet Address

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:

  1. Locate the desired crypto by tapping on the search icon in the bottom menu and typing in the crypto you want
  2. Scroll down and tap on the "Receive" button
  3. Tap on the "Copy Address"

4. Transfer From Coinbase To Robinhood

With the wallet address from Robinhood copied, you are ready to send.

Follow these steps in the Coinbase app:

  1. Open the app on your phone
  2. Click the "Send" button
  3. Set the type of coin that matches the copied Robinhood address and amount you want to send, and press "Continue"
  4. Paste your Robinhood wallet address
  5. Confirm your transaction before pressing send

Transfer Timeline

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!

Article written by Cari Scribner

Read more

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Get 1 Free Stock Worth Up To $200 From Robinhood!

Don't Miss This Opportunity!

Investing Simple readers can claim a free stock from Robinhood worth up to $200 when they open a brokerage account and deposit any amount.

For US Residents only. Investing Simple is affiliated with Robinhood, and we may earn a commission when you sign up for Robinhood.

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