How to withdraw crypto from coinbase and transfer it to crypto wallet
Major cryptocurrency exchange Coinbase has been making headlines lately for all the wrong reasons. The Department of Justice (DOJ) charged two high-ranking executives and a former Coinbase employee with insider trading. In addition, the exchange is facing scrutiny from the SEC over the listing of several crypto assets on its platform.
The SEC is investigating Coinbase for listing assets that could be classified as unregistered securities. If that wasn’t enough, COIN shares have fallen 60% over the past three months, indicating that things are not well. If you are considering withdrawing crypto from Coinbase and transferring it to a crypto wallet, this article details the process step-by-step.
Also read: What Are The Chances Of Bitcoin Dropping To $0?
How to withdraw and transfer crypto from coinbase to crypto wallet
If you wish to transfer your crypto from Coinbase, make sure you hold and operate a crypto wallet address or create a new wallet.
To withdraw cryptocurrencies from their Coinbase account, users need to click on the ‘Withdraw’ option. The ‘Withdraw’ option is in the right hand corner and next to the cryptocurrencies section listed in the ‘Balance’ category.
Once you click on the ‘Withdraw’ option, a new window opens asking how much funds you wish to transfer. Enter the desired amount for the transaction and the next page provides you an option to select the recipient’s address. Options include Wallet/Bank Account.
If you wish to transfer your crypto to a crypto wallet, click on the Transfer option in ‘Wallet’.
The next option asks you to key in your crypto wallet address. Copy and paste your crypto wallet address into the bar. Before clicking Next, double-check the wallet address and confirm if it is correct. If yes, click on Next. Your authentication or facial recognition key to complete the transfer process.
Also read: How Many Crypto Exchanges Closed During The Bear Market In 2022?
Note: You will be charged 1% from Coinbase on the total amount you wish to transfer.