How To Transfer From MetaMask To Coinbase 2023

MetaMask is a cryptocurrency wallet that is limited to the Ethereum blockchain.

For this reason, some members may want to transfer their coins to a platform with a larger collection of coins and capabilities.

A popular platform for many crypto traders is Coinbase.

With Coinbase, members have access to a vast collection of cryptocurrencies as well as a number of extra features such as free learning materials and a web and desktop platform.

In this article, we provide an in depth look at the transfer process from MetaMask to Coinbase.

How To Transfer Crypto From MetaMask To Coinbase

Transferring assets from MetaMask to Coinbase is actually a simple process.

The process can be completed with the 4 steps below, which only take a few minutes to complete, unless you need to wait for verification.

1. Open a Coinbase Account (Use our link here for $5 FREE Bitcoin)
2. Verify your Coinbase Account
3. Gather Necessary Information
4. Send Crypto from MetaMask to Coinbase

Each of these steps actually have a few steps themselves. Let's dive into the details.

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1. Open A Coinbase Account

Coinbase is a cryptocurrency platform that has been around since 2012.

As a pioneer in the crypto space, Coinbase has led the pack with a feature rich platform that is simple to navigate.

They also offer members the chance to earn free cryptocurrency with educational materials!

If you sign up for Coinbase using our button above, you will get $5 worth of free Bitcoin!

Before executing a transfer from MetaMask to Coinbase, you will need to set up a Coinbase account.

Setting up a new Coinbase account is simple:

• Download the Coinbase app (use this link for a free $5 worth of Bitcoin)
• Create an account with your email and password
• Submit your address and SSN for verification and tax purposes
• Set up 2FA by adding your phone number
• Link to your bank account using a secure service called Plaid
• Verify your ID by taking a picture of the front and back

2. Verify Your Coinbase Account

When creating a Coinbase account, you can speed up the process and skip verification to start trading cryptos immediately.

However, to send/receive crypto, 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:

1. To do this, you will click "Send/Receive" once logged into Coinbase
2. A popup will appear that prompts you to upload a photo of your ID (front and back)
3. This can take 1-2 business days to complete

You will receive an email once you are verified or if Coinbase needs more information.

If the image of your ID is clear and matches the information in your account, verification will be completed in mere minutes.

3. Gather Necessary Information From Coinbase

Crytpocurrency is held in a wallet, and every crypto wallet has a specific address. This address is an alphanumeric code that is unique to your wallet.

In order to transfer crypto from one location to another, you will need this address, which can be found in Coinbase quickly and easily:

1. In the "Home Tab" of the Coinbase app, tap "Receive" at the top (on the desktop version, click the "Send/Receive" button)
2. A new screen (popup on the desktop version) will appear with a QR code and an address
3. Beneath the address, you will see a cryptocurrency
4. Tap the box to select the crypto you wish to transfer
5. Copy this address with the "copy" function on your phone
6. You will use this once you initiate a transfer from MetaMask

Always double check to make sure you are sending cryptocurrencies to the correct wallet type.

If you send Bitcoin to an Ethereum address, for example, it will likely be lost forever.

4. Send Crypto From MetaMask To Coinbase Wallet

Once you have your wallet's address from Coinbase, executing the transfer is quite simple.

However, before you do so, you ought to be aware of gas fees.

A gas fee is not what is sounds like. It is a fee that is paid to miners for executing a transfer and putting it on the blockchain.

With MetaMask, you can actually set your fee to one of the 3 options:

• Low: Gas fee that is below market value (You can save money but your transfer can take up to 6 hours, MetaMask also warns members that they cannot guarantee this transfer goes through.)
• Market: Gas fee that is at market value
• Aggressive: Gas fee that is above market value (This gives your transfer the highest probability of a quick transfer.)

To read more about MetaMask's gas fees, check out their gas fee explanation here.

Ok, here's how to send crypto from MetaMask to Coinbase:

1. Open the MetaMask app or the Google extension
2. Tap or click on "Send"
3. Paste in the wallet address you copied from Coinbase
4. Ensure the asset selected matches the wallet address you copied in Coinbase (Ethereum and Ethereum or Bitcoin and Bitcoin for example)
5. Enter in the amount you would like to transfer
6. You can click "Max" if you'd like to transfer all of a particular asset
7. Click "Next"
8. Ensure the information is correct, including the gas fee, wallet address, and amount of crypto
9. If you want to edit the Gas fee, tap on "Edit" in the corner of the fee section
10. Click "Confirm"

Conclusion

Executing a crypto transfer from MetaMask to Coinbase is an easy process.

It is highly important that you ensure you copy the correct address from Coinbase.

Though the process is easy, you will want to pay special attention to each step as a mistake could result in the loss of your crypto.