Everyone wants diversity when it is bout investment and this case is especially for all the cryptocurrency investors. People who were investing through Robinhood for a very long time are now looking forward to methods to transfer Crypto coins from Robinhood to Coinbase.
There are so many reasons why people are looking forward to the same but the primary reason is the availability of Crypto coins. Through Coinbase people can invest in different currencies whereas with Robinhood only 16 Crypto coins are supported. If you are also not sure about the method you need to follow for it keep on reading. Here discussing the transfer from Robinhood to Coinbase in detail. Let’s have a look!
Is it possible to transfer from Robinhood to Coinbase?
Fortunately, yes! Users just need to be sure about the right steps they need to follow for completing the process. In case they are not following the process correctly there are chances of clitoris due to which they will not be able to transfer the Crypto coins from Robinhood to Coinbase.
Steps to follow for transferring Crypto from Robinhood to Coinbase:
Step 1: Create a new Coinbase account:
If you are someone who is not having a Coinbase account primarily you need to create one. For it email and password are sufficient and you need to submit your address and SSN for verification and tax purposes. Follow all the on-screen instructions to set up the Coinbase account.
Step 2: Verify your Coinbase account:
Verification is also important for your Coinbase account so that there are no chances of glitches later on. For verification purposes, you need to upload a photo of your ID from front and back and wait until you receive an email that indicates that your Coinbase account is verified.
Step 3: Get all the necessary information from Coinbase:
The Crypto tokens in which you have invested are available in the Crypto wallet and every cryptocurrency has a different address that identifies it. Through the Coinbase application get all the necessary information and copy the address with copy function on your phone. This is important before you initiate a transfer from Robinhood to base.
Step 4: Enable Robinhood Crypto wallet:
Recently Robinhood come up with its Crypto wallet and it is advisable to enable it to execute the transfer. For enabling the Robinhood Crypto wallet you need to move to settings in the application and identify it with the help of your ID and set up a 2FA.
Step 5: Transfer from Robinhood to Coinbase:
When you are done enabling the Robinhood Crypto wallet you are all set to transfer the crypto from Robinhood to Coinbase. The steps for it are:
- Open the Robinhood application and look forward to the Crypto you want to transfer.
- Navigate to the send button and mention the amount you would like to transfer.
- Here paste the wallet address you copied from Coinbase.
- You also need to paste the code from the Authenticator app and click on the review button and then click on confirm to get the status of the transaction.
Conclusion:
This was all about the method you need to follow for transferring crypto from Robinhood to Coinbase. It is advisable to follow the steps correctly and not leave any of the steps in between. Until and unless the verification over the accounts have not been done including Coinbase and Crypto wallet you will not be able to initiate the transfer.