Transferring crypto from Robinhood to Coinbase is actually a pretty simple process.
All you have to do is enable crypto transfers within Robinhood, follow a few simple steps and you're good to go.
In this article, we will cover those steps in detail.
The first step is to create a free Coinbase account.
When creating a Coinbase account, you have the option to skip verification and start trading cryptos immediately.
However, to send and receive crypto, you do need to verify your account.
We recommend verifying your account now using your photo ID.
If you transfer an existing brokerage account to Robinhood through January 31st 2024, you can get an Unlimited 1% 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.
Before initiating any crypto transfers, you will need to verify your identity and enhance the security of your Robinhood account with 2FA.
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.
Sending cryptocurrencies to the wrong address could result in losing them, so be careful!
To find your Coinbase wallet address, use the steps below:
You have now copied your Coinbase wallet for this particular crypto.
You will need to set up a Robinhood Crypto Wallet in order to send cryptocurrency.
Follow the steps below to finish this transfer:
Don't forget to grab your free stock worth up to $200 from Robinhood today!