What are the options to send bitcoin from Coinbase to a different exchange?

3 answers

• May 07, 2022 · 3 years ago
  One option to send bitcoin from Coinbase to a different exchange is to use the withdrawal feature provided by Coinbase. You can initiate a withdrawal by going to the 'Accounts' tab, selecting your bitcoin wallet, and clicking on the 'Send' button. Then, you will need to enter the recipient's wallet address and the amount of bitcoin you want to send. Finally, confirm the transaction and wait for it to be processed. Keep in mind that Coinbase may charge a fee for this withdrawal.
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• May 07, 2022 · 3 years ago
  If you prefer a more direct and instant transfer, you can use a process called 'off-chain transfer'. This involves using a Lightning Network or a similar solution to send your bitcoin to the desired exchange. Off-chain transfers are usually faster and cheaper compared to on-chain transactions. However, not all exchanges support off-chain transfers, so make sure to check if your target exchange is compatible before proceeding.
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• May 07, 2022 · 3 years ago
  Another option is to transfer your bitcoin to a personal wallet and then send it to the desired exchange. This method provides you with more control over your funds and allows you to choose the transaction fees. To do this, you can generate a receiving address on your personal wallet and then initiate a withdrawal from Coinbase to that address. Once the bitcoin is in your personal wallet, you can send it to the exchange by using their deposit feature. Just make sure to double-check the wallet address to avoid any mistakes.
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