Want to transfer crypto from Coinbase to BitMart? These are two popular wallets amongst crypto traders. As a crypto trader, you definitely got to tryout new wallets. Coinbase and BitMart are two well-known crypto wallets not only because of their trading features but also because of their adaptable interface to a newbie.
The current generation is gravitating toward crypto money, and the fundamental reason for this is that a cryptocurrency is a decentralized, government-free form of investing.
Many trading applications have been released in recent years, and BitMart is one of the most popular cryptocurrency trading platforms. BitMart was founded by Sheldon Xia, and the Cayman Island-based company now boasts 5.5 million members.
BitMart has a user-friendly design that gives it an advantage over other cryptocurrency exchange platforms.
Depositing user funds, exchanging cryptocurrency, and transferring funds between BitMart and other wallet apps are all simple.
Now, BitMart is not only available for users in the United States, South Korea, and China, the app is currently available in 180 countries across the world.
Considering to transfer from one wallet to BitMart is a great idea if you happen to be a newbie. However, it is pretty simple to transfer from a wallet such as Coinbase to BitMart.
How to transfer crypto from Coinbase to BitMart? To transfer Crypto from Coinbase to BitMart, you need to first login BitMart, select the cryptocurrency to be transferred, choose a deposit method then copy the address to be transferred. You can now share the address with the sender to receive your crypto.
However, that's just a sketchy procedure. Below, I will be showing you how you can easily transfer from Coinbase to BitMart.
CHECK ALSO: How to Transfer Crypto from Robinhood to Coinbase [Complete Process]
How to Transfer Crypto From Coinbase to BitMart? What's the Typical Process?
Any Coinbase user is free to transfer crypto to and from his/her wallet. That said, you can transfer crypto from Coinbase to BitMart and the steps to complete the transfer have been outlined below:
Step by Step Guide to Transfer Crypto From Coinbase to BitMart
- Login to the official BitMart website at bitmart.com.
- Navigate to the "Assets" tab and select the crypto you want to receive.
- Select a deposit method and copy the address provided.
- Login to your Coinbase Account or Create an account.
- Set up the account you will want to contain the crypto that you want to transfer from Coinbase to BitMart.
- On Coinbase, select the same cryptocurrency you want to send. Make sure you select the right crypto because transferring a different cryptocurrency to an address that can't receive the crypto might result in loss of your coins.
- Enter the amount you want to transfer and click "Continue".
- Click on "Not Now" button.
- Paste the receiving crypto address you copied earlier from BitMart and click on "Continue".
- Now, go over the confirmation page again.
- Set a transfer limit for your Coinbase wallet and click "Send now".
- Complete the Two-Step Verification process to finish the transfer process.
How Long Does It take to Transfer Crypto from Coinbase to BitMart?
The transfer from Coinbase to BitMart can take up to 72 hours if the user has authorized the transaction.
After authorizing the transaction, the user must wait for platform verification to confirm that the transfer procedure is secure.
Coinbase Wallet Transfer Limitations
A Coinbase wallet's daily transfer limit for US users is $25,000 USD. If a user wishes to transfer more than the "ACH limit" of $25,000 per day, they must do so via wire transfer from their bank account to their Coinbase account.
Limiting the daily transfer limit allows customers to keep track of their investment, exchange, and trading activities on a daily basis.
This is also useful in terms of security because it prevents stealing more than a set amount if either side's security is breached.
CHECK ALSO: How to Transfer Stocks from Robinhood to Fidelity [Complete Process]
Why Can't I Transfer Crypto From Coinbase to BitMart?
The failure to transfer a cryptocurrency from Coinbase to BitMart could be caused by a number of factors. Please double-check the amount of the transfer and the quantity of the crypto you have in Coinbase before proceeding to the final stage of the transfer.
Perhaps you entered a transfer amount that is higher than your current balance. When calculating the transfer amount, don't forget to include the transfer charge.
Coinbase has a daily transfer limit of $25,000. If you go over the limit, Coinbase wouldn't authorize the transfer of your cryptocurrency.
CHECK ALSO: How to Transfer Crypto from Robinhood to Crypto.com [Complete Process]
What are the Fees Involved when Transferring From Coinbase to BitMart?
Because there are so many variables that come into play, Coinbase's transfer fee structure is the most difficult to comprehend. The user would pay a set fee or a variable percentage of the transaction depending on the region, item, and method of payment.
Flat Fee Structure of Coinbase:
| Transfer Amount | Transfer Fee |
|---|---|
| ≤ $10 | $0.99 |
| ≥ $10, ≤ $25 | $1.49 |
| ≥ $25, ≤ $50 | $1.99 |
| ≥ $50, ≤ $200 | $2.99 |
Variable Fee Structure for Users of Coinbase from USA:
| Payment Method For Purchase Or Payout Method For Sale |
Effective Rate Of Conversion Fee (After Waiver) |
|---|---|
| U.S. bank account | 1.49% |
| Coinbase USD wallet | 1.49% |
| Debit card buy | 3.99% |
| Instant card withdrawal | Up to 1.5% of any transaction and a minimum fee of $0.55 |
How to Transfer Crypto from BitMart to Coinbase
Knowing the transfer process from Coinbase to BitMart, you just have to do a reversable process to transfer from BitMart to Coinbase.
In order to transfer from BitMart to Coinbase, here are the steps you should follow:
- Login to your Coinbase account.
- Select the crypto assets you will want to receive crypto on.
- Copy the address provided.
- Now login to BitMart and select a crypto asset to transfer.
- Enter the amount you will want to transfer in USD and confirm the transfer.
CHECK ALSO: How to Transfer Stocks from Robinhood to TD Ameritrade [Complete Process]
How to Transfer SafeMoon from Coinbase to BitMart?
- Login to BitMart.
- Go to "Assets" tab and select SafeMoon.
- Select "Deposit" and copy the deposit address.
- Login to Coinbase or Create an account.
- Set up the account which should contain the crypto that you want to transfer from Coinbase to BitMart.
- Go to SafeMoon which is the crypto we want to transfer from Coinbase to BitMart.
- Select the double arrow sign ⇄ below and again select SafeMoon.
- Enter the amount to be transferred an click on "Continue".
- When prompt, Select "Not Now".
- Paste the address you copied from BitMart earlier then click on "Continue".
- Now, review the Confirmation page.
- Set a transfer limit for your Coinbase wallet and click "Send Now".
- Complete the Two-Step Verification process to finish the transfer process.
CHECK ALSO: How to Transfer Stocks from Robinhood to TD Ameritrade [Complete Process]
How to Transfer Crypto from BitMart to Coinbase
Knowing the transfer process from Coinbase to BitMart, you just have to do a reversable process to transfer from BitMart to Coinbase.
In order to transfer from BitMart to Coinbase, here are the steps you should follow:
- Login to your Coinbase account.
- Select the crypto asset you will want to receive crypto on.
- Copy the address provided.
- Now login to BitMart and select a crypto asset to transfer.
- Enter the amount you will want to transfer in USD and confirm the transfer.
CHECK ALSO: Best Virtual Prepaid Cards for International Shoppers
How to Withdraw From BitMart to bank and Other Platforms
- Open BitMart App on your phone, then Sign in to your BitMart Account.
- Click on "Assets"
- Next, Click on "Withdraw"
- Enter the coin you want to withdraw at the search bar, then click "search"
- Enter your Wallet Address, Amount; then click "withdraw"
Note!
Each coin has its own Withdrawal Address, so please check your Withdrawal Address carefully.
Check The Withdrawal Fee before click "Withdraw"
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Final Thoughts on How to Transfer From Coinbase to BitMart and Vice Versa
Bitcoin, according to many experts, will be the dominant way of investment in the future. Cryptocurrency's popularity is rapidly growing.
The primary reason for this increase is that cryptos are decentralized currencies that are not regulated by any government agencies; yet, this benefit can also pose a considerable risk to traders.
If the crypto market is crippled in the future for any reason, traders will be accountable for their losses, with no government or economic support.
Despite the claims of some in the crypto investing industry that the risks are minor, there is still a risk involved in this process.
BitMart is one of the most popular cryptocurrency trading platforms in the world, with millions of users. Customers can swap assets from other well-known platforms on the site, which is simple to use for trading.
With a few mouse clicks, users may deposit funds in any cryptocurrency and begin trading. Customers can deposit many currencies via third-party payment services on this site, but only cryptocurrency can be traded. Depositing funds takes only 24 hours, and withdrawing funds takes 72 hours.