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.
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.
Each of these steps actually have a few steps themselves. Let's dive into the details.
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:
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:
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.
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:
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.
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:
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:
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.
Don't forget to grab your free stock worth up to $200 from Robinhood today!