Cryptocurrency investors decide to move from Robinhood to Coinbase for a number of reasons.
The most common is to access the large collection of coins offered by Coinbase. While Robinhood does support 16 cryptos, Coinbase offers over 60!
Transferring from Robinhood to Coinbase is actually a pretty simple and painless process. In this article, we will cover those steps in detail.
Moving crypto from Robinhood to Coinbase involves just 5 simple steps:
Each of these steps have a few steps of their own! Let's review in greater detail.
Coinbase is one of the top cryptocurrency platforms to choose from.
In addition to a massive collection of cryptocurrencies, Coinbase also offers members access to its library of educational content. These learning materials also let you earn free crypto!
If you sign up for Coinbase using our button above, you will get $5 worth of free Bitcoin!
Before executing a transfer from Robinhood to Coinbase, you will need to set up a Coinbase account. (You can skip this step if you already have an account.)
Setting up a new Coinbase account is simple:
When creating a Coinbase account, you can actually skip verification and start trading cryptos immediately.
However, to send and receive crypto, you do need to verify your account. You can do so by uploading a photo of your driver's license or other state issued ID. Follow these steps to verify your account:
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.
Cryptocurrency is held in a wallet, and each crypto wallet has a unique address. For example, if you are sending Bitcoin, then you must use a Bitcoin address. This is true for each cryptocurrency.
In order to transfer crypto to a new platform, you will need this address. To find your Coinbase wallet address, use the steps below:
Robinhood recently launched their new wallet. In order to execute this transfer, you will need to activate it.
To do so, you will navigate to settings in your Robinhood app and verify your identity with a picture of your ID. You will also need to set up 2FA.
Check out our complete guide to setting up the new Robinhood wallet for more details.
With a new Coinbase account created and the Robinhood wallet enabled, you are ready to actually initiate the transfer.
Follow the steps below to finish this transfer:
Transferring from Robinhood to Coinbase is a quick and easy process.
You will need to sign up for a new Coinbase account and go through the steps to verify it. You will also need to enable Robinhood crypto wallets. Once these steps are done, it is as simple as copying and pasting a wallet address.
Be sure to use the correct wallet address as this could delay or stop your transfer!