Crypto traders and investors have an unparalleled advantage when managing their digital assets thanks to one of the world’s largest crypto exchange platforms – Coinbase; and one of the most feature-rich non-custodial cryptocurrency wallets – Trust Wallet.
In this step-by-step guide, I will walk you through 3 simple steps to transfer cryptocurrency from your Trust Wallet to your Coinbase exchange account.
Also see How to sell your crypto on Trust wallet.
The 3 simple steps to transfer your Money from Trust Wallet to Coinbase
The Coinbase exchange platform and the Trust Wallet are both accessible via their respective web interfaces and mobile apps.
The web platform is best for PC users while mobile apps are best for mobile device users. Choose your preferred platform and then take the following 3 simple steps:
Step 1: Get Your Coinbase Receiving Address
Launch and log in to your Coinbase account either through the Coinbase website or the Coinbase mobile application. After Logging into your Coinbase Account:
- Select ‘Receive’
- Choose the crypto asset that you want to transfer
- Click/Tap on the ‘Asset’ box.
- Scan the QR Code of the receiving address. Alternatively, manually copy the receiving address. You will use this address to send your digital assets from Trust Wallet.
Step 2: Send Crypto from Trust Wallet to Coinbase
Launch and log in to your Trust Wallet app. On your Trust Wallet mobile app dashboard or Trust Wallet browser extension user interface:
- Go to the ‘Wallets’ tab.
- From the displayed list of assets, tap/click on the digital asset that you want to transfer (e.g., BTC).
- Tap/click on the ‘Send’ button.
- In the ‘Recipient Address’ field, use the QR Code app to capture the saved Coinbase Wallet address you got in Step (1), above. In case you copied it manually, you can now paste it.
- In the Amount field, insert the amount of crypto (BTC, ETH, or any other digital asset) you want to transfer.
- Tap/click on the ‘Continue’ button. You may be prompted to enter biometric verification or password (e.g., OTP) to authorize the transfer.
- Carefully review the transaction details (such as the recipient’s cryptocurrency address and the amount of crypto that you entered) to make sure that you have not entered the wrong address or amount of crypto. This also involves ascertaining the availability of the required amount of fees (including withdrawal fees, transaction fees, and network fees) to be deducted from your Trust Wallet.
- After reviewing and being satisfied with the transaction details, tap/click on the Confirm button.
Step 3: Wait for the networks to complete their work
Blockchain networks are susceptible to network congestion during peak periods. Use Transaction ID (TXD) to watch addresses to monitor the status of your transaction flow between them. You may need to wait longer if your transaction is caught up in a lengthy traffic jam. Simply be patient.
Upon successful crypto transfer, the transferred amount will be reflected in your Coinbase Wallet among the recent transaction items.
Why are Trust Wallet and Coinbase Exchange such a powerful combination?
If you haven’t utilized Trust Wallet and the Coinbase platform together, you might be wondering why you should. Let’s quickly go over some of the major features and benefits that make them a worthy pair.
Let’s start with Trust Wallet…
1. Trust Wallet features and benefits
Enjoying security, ease of use, and a diverse asset portfolio that cuts across multi-chain networks in the crypto space is the hallmark of Trust Wallet.
In case you are hearing about Trust Wallet for the first time, let me walk you through some of the key features and main benefits of this popular wallet.
Trust wallet features
Many cryptocurrency enthusiasts, traders, and investors find the Trust Wallet app their best option because of the following key features:
- A multi-chain self-custody cryptocurrency wallet that allows wallet holders to keep the full power of their digital assets.
- A beginner-friendly and highly intuitive interface that promotes ease of use
- Two-factor authentication and biometric identity verification make this a highly secure self-custody crypto wallet.
- A dApp browser with a built-in exchange platform that allows you to quickly find and trade in various digital assets.
- Network auto-detect feature that provides you the easiest way to enter your network details without a fuss.
- An integrated swap mechanism that eliminates the need to visit an external crypto exchange platform just to exchange digital assets.
- A browser extension with a user interface that supports most browsers.
- Support for hundreds of cryptocurrency currencies and tokens from dozens of blockchain networks.
- Feature-rich Trust Wallet Chrome extension
- Integrated security measures such as seed phrases for wallet recovery
- DeFi wallet swapping mechanism.
- An efficient built-in self-custody interface for cryptocurrency trading
- Secret phrase to recover your wallet in case you lose access
Trust Wallet benefits
As one of the leading non-custodial digital wallets in the crypto space today, the Trust Wallet app offers its users the following key benefits:
- A non-custodial wallet that lets you have complete control of your digital assets
- Helpful integrations with many third-party platforms
- Advanced built-in security features to protect your crypto assets
- Supports crypto-to-fiat exchanges
- A user-friendly interface that doesn’t require one to be a crypto techie to begin using it
- A wide selection of ERC-20 tokens.
- As a self-custody wallet that lets users keep the ownership and possession of their private keys.
- Supports both cryptocurrency withdrawals and fiat withdrawals.
- One of the most popular crypto wallets for mobile device users.
- Same-chain swaps mechanism that enables users to swap coins of the same network at lightning speed.
- Trust Wallet extension lets you access your Trust Wallet account via a powerful self-custody web interface in case your phone is far away, lost, or misplaced.
- Provides multiple wallet recovery phrases that make it more likely to recover your wallet.
- Being an NFT wallet, NFT lovers can store their favorite NFT collections in a non-custodial wallet.
- Easy integration with several third-party platforms
- A go-to Bitcoin wallet for mobile users who love staking and using Bitcoin and Bitcoin Cash
- Supports swapping between various DeFi tokens
- Secure gateway connection to third-party platforms
2. Coinbase features and benefits
What makes Coinbase the preferred option of financial institutions and large-scale investors are its great features and unique benefits. Let’s explore some of these key features and benefits.
Coinbase features
The following are the key features that make Coinbase a top choice for both crypto investors and traders:
- Coinbase Visa Card (a crypto card)
- Liquidity staking
- Coinbase mobile application that supports mobile devices on both Android and iOS platforms.
- Web3 Portal – lets you deal in listed dApps
- Coinbase One – a subscription-based membership with plenty of advanced features and zero trading fees, advanced analytics, tax filing, and 24/7 support
- Plenty of beginner-friendly learning resources
- Coinbase Advance – a trading platform with plenty of advanced trading tools
- Marketplace for non-fungible tokens (NFTs)
- Coinbase Wallet – custodial exchange wallet with advanced features such as built-in dApp explorer, network bridge (to other blockchain networks), and swap mechanism.
- Advanced secure login measures designed to prevent unauthorized access
- Coinbase Pay facility that speeds up crypto and fiat money payments via a secure gateway to third-party platforms.
Coinbase benefits
The following are the main benefits that make Coinbase stand out from the crypto crowd:
- User-friendly interface that enhances ease of use.
- Supports both cryptocurrency withdrawals and fiat withdrawals.
- A wide collection of digital assets
- Supports a wide variety of fiat currencies and fiat currency payment methods
- Advanced built-in security features to protect your Coinbase account and your crypto assets
- Coinbase Earn – for learning rewards
- Wide variety of investment options that lets Coinbase Wallet holders optimize the full power of their digital assets.
- Plenty of passive income earning opportunities via Coinbase Earn, Coinbase Crypto Card cashbacks, and other programs
- Supports crypto-to-fiat exchanges
- An expansive NFT marketplace where you can get your favorite NFT collections
- Secure gateway connection between your Coinbase exchange account wallet third-party platforms including PayPal, and Web3 DeFi platforms such as Raydium and Uniswap.
- Support for several fiat currency payment methods to your bank account including bank transfers, swift transfers, SEPA, and ACH deposits, among others.
- In case you are a financial institution, you get to enjoy unparalleled merchant services.