Trust Wallet has gained popularity in recent years as an alternative to a hard crypto wallet. Software wallets such as Trust Wallet allow you to have your crypto with you at all times.
While Trust Wallet comes with a number of great features, you may need to move your assets to a full crypto platform to transact easier.
In this article, we provide instructions how to perform this transfer from Trust Wallet to Coinbase.
Transferring assets from Trust Wallet to Coinbase can be accomplished in 4 steps:
Each of these 4 steps have a few steps of their own. We will review each step in detail below! Let's dive in!
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Before executing a transfer from Trust Wallet to Coinbase, you will need to create a Coinbase account.
Setting up a new Coinbase account is simple:
When creating a Coinbase account, you can skip verification. However, to send or receive crypto, you will 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.
When transferring assets out of Trust Wallet, you will need to provide an address. In this case, the location is a crypto wallet. Each cryptocurrency has its own wallet and therefore its own specific address. This address 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 a verified Coinbase account and have found the wallet's address, the process is quick and easy.
Before jumping into the last step, you should be aware of network fees when you perform a transfer. These fees are not collected by Trust Wallet but rather to miners. The fees that you will pay depend greatly on the cryptocurrency. To better understand these fees and how they are calculated, take a look a trust wallet's fee summary.
To finish your transfer, follow the following steps:
If you are looking to transfer assets from Trust Wallet to Coinbase, then you are in luck. Coinbase makes sending and receiving crypto really easy.
In order to execute a transfer, you will need to create a Coinbase account and verify your identify with a state issued ID. From there, the transfer only takes a few minutes and can be completed on your phone or desktop.