How To Transfer From Robinhood To Coinbase 2024
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.
New to the world of Crypto? Check out my full Coinbase tutorial below!
Robinhood is a popular “all-in-one” investing app.
While they are most well-known for their commission free stock trading, they’ve recently shaken up the Retirement Investing World too.
Introducing Robinhood Retirement; home of the biggest IRA match on the market.
Here’s what you need to know:
- Robinhood offers 2 types of retirement accounts — the Roth IRA and Traditional IRA
- All Robinhood investors will get a 1% Match on what they Contribute or Transfer
- Robinhood Gold members will get a 3% Match — the biggest on the market
And don’t worry, this comes with a Portfolio Builder Tool. You don’t have to construct your investment portfolio from scratch if you don’t want to.
Lastly, you’ll even get a free stock worth up to $200 when you open a new Robinhood account using our link.
Robinhood Crypto Transfers
Before initiating any crypto transfers, you will need to verify your identity and enhance the security of your Robinhood account with 2FA.
- Verify Your Identity: Provide a photo of your government-issued ID and a live photo of yourself.
- Two-Factor Authentication (2FA): Enable 2FA using an authenticator app like Google Authenticator, Duo Mobile, or Authy. Confirm your mobile number and email address.
- Copy Wallet Address from Coinbase
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!