Can I transfer my cryptocurrencies from a cold wallet on Coinbase to a hot wallet on another exchange?

1 answers

• Bence TóthOct 23, 2020 · 5 years ago
  Sure thing! You can transfer your cryptocurrencies from a cold wallet on Coinbase to a hot wallet on another exchange. Here's how it works. First, you'll need to create a hot wallet on the exchange where you want to send your funds. Then, you'll generate a deposit address for the specific cryptocurrency you're transferring. After that, you'll initiate a withdrawal from your cold wallet on Coinbase and provide the deposit address of your hot wallet on the other exchange. Finally, confirm the transaction and wait for the transfer to go through. Remember to verify the deposit address to ensure that your funds are going to the right place.
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