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How To Send Money To The Bitcoin Wallet

How To Send Money To The Bitcoin Wallet Average ratng: 4,3/5 7353 votes

Be sure you're using your unique QR code for the correct coin to avoid any issues receiving your funds.

Bitcoin

Receiving crypto funds

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You can generate a unique address (QR code) from your Wallet to ensure the correct address. To receive supported crypto or digital assets:

How To Send Money To The Bitcoin Wallet

How To Send Cash To Bitcoin Wallet

Step 1: Set Up A Bitcoin Wallet. The first thing that you need to do before you can buy any Bitcoin is to set up a Bitcoin wallet. Much like you keep your money in a checking account, you need somewhere to store your Bitcoin when you aren’t using it. Like all other currency, it needs to be parked somewhere! Directly connect to the Bitcoin blockchain in your browser with Bitamp. Transactions are sent instantly at your command. Once broadcasted, the blockchain typically takes 10 minutes to confirm your transfer. With normal banks, transfers can take several days or weeks.

  1. Open Coinbase Wallet app on your mobile device
  2. Tap Receive
  3. Tap Share address to share unique QR code with the sender
  4. You can also select Username to share your username instead

Sending crypto funds

You can send supported crypto funds right from your Wallet to another Coinbase Wallet user.

You can also purchase crypto through your Wallet to send to another Coinbase Wallet user (available on a computer and iOS only).

To safegaurd against sending funds to an incorrect address, we suggest asking the Receiver for their unique QR code.

To send crypto from your Wallet

  1. Open Coinbase Wallet app on your mobile device
  2. Tap Send
  3. Enter the amount you'd like to send
  4. Select which coin you'd like to use
  5. Tap Next
  6. Tap the QR code or enter the exact recipient address

Note: Coinbase does not process Wallet transactions over email. You can send supported crypto and tokens using a cryptocurrency address, Coinbase Wallet username, or ENS (Ethereum Name Service for ETH/ERC-20).

If you’re sending an ERC-20 token (eg. USDC, DAI, BAT, MKR etc.)

You will need ETH in your Coinbase Wallet account in order to pay a miner’s fee when sending this cryptocurrency. This is because ERC-20 tokens are issued on the Ethereum blockchain and transactions on the Ethereum network, such as sending ERC-20 tokens, require Ether.

Learn how to transfer funds between your Coinbase.com account into your Wallet.