Gemini and Coinbase are two of the most popular crypto exchanges available today.
While both have plenty to offer, some prefer Coinbase for its incredibly simple user interface. Coinbase also has a larger collection of cryptocurrencies and even lets members earn crypto with its educational courses.
So, if you have crypto in the Gemini platform but want to switch over to Coinbase, what can you do?
Transferring crypto from Gemini to Coinbase is actually quite simple.
In this article, we provide a step by step process to help you with this transfer. Let's dive in!
While some platforms are more difficult to navigate than others, Gemini and Coinbase are both focused on the end user.
This means that a simple process like a transfer can be done easily in just a few steps:
Let's take a look at each of these 4 steps for more details and how to execute the transfer.
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Coinbase is consistently rated as a top platform for cryptocurrency. This is due to a simple to use app, excellent learning materials, and a large collection of cryptos to buy and sell.
One of its top features is its Coinbase Pro version. Unlike other platforms, Coinbase offers two trading platforms - one for more advanced traders and one for beginners.
This makes their app easy to navigate for all. The Pro version also comes with lower fees, so that is a plus for those investing sizable amounts of money into crypto.
If you sign up for Coinbase using our button above, you will get $5 worth of free Bitcoin!
Opening a Coinbase account is quick and easy. Follow the steps below to create an account in just a few minutes:
Sending and receiving crypto within your Coinbase account requires verification.
When setting up a new Coinbase account, you are allowed to skip verification and do it later. However, to perform a transfer, you do need to verify your account.
This verification is done through uploading a photo of your driver's license or other state issued ID:
If the images are clear and match your information on file, your account should be verified in minutes.
You will receive an email once you are verified or if Coinbase needs more information.
In order to send crypto out of Gemini, you will need a crypto address to send it as a destination.
In this case, the external address would be a crypto's wallet within Coinbase.
The steps below highlight the process to find a crypto wallet in Coinbase:
Withdrawing crypto from Gemini is very simple.
Now, before going through the steps, it's important to be aware of fees.
Gemini allows its members 10 free transfers per calendar month.
Any additional transfers will be subject to fees, which depends on the cryptocurrency you are transferring. For example, if you are transferring Bitcoin, and have already made 10 transfers in the calendar month, you would be charged 0.001 BTC.
To see withdrawal Gemini's fees, look at their fee schedule here.
So, to send your crypto from Gemini to Coinbase, follow the steps below:
If you have crypto in the Gemini platform but want to move it to Coinbase, then you'll be happy to know the process is quite simple.
It is important to be aware of transfer fees from Gemini, which occur after 10 free transfers in a calendar month. You may want to spread your transfer out over a few months if you have more than 10 cryptocurrencies you are looking to transfer.
Be sure to take advantage of the quizzes over on Coinbase to learn more and earn free crypto!