HEY MONEY MAKERS,

Subscribe to Our I Love Making Money Weekly

GET WEEKLY DOSE OF BEST TIPS AND TOOLS TO MAKE & SAVE MONEY.

Share on
Share on email
Share on facebook
Share on twitter
Share on linkedin
Share on pinterest
Share on whatsapp
Share on reddit

How to Send and Receive Cryptocurrency Coins in Coinbase

Get Started with Crypto
How to Send and Receive Bitcoin

I Love Making Money Staff & writers

Share On:

Share on facebook
Share on twitter
Share on linkedin
Share on pinterest

Some of the links in our posts are from our sponsors. We provide you with reliable information and may receive income from our sponsors.  Learn about how we make money

As more and more places worldwide start accepting crypto for purchases, many people are still wondering how to get started. Cryptocurrency is a digital currency that can be used to buy goods and services. Supporters see crypto as the currency of the future and are investing in them as they see their value increase. Crypto is becoming the widely accepted form of “saving” money as it nears the verge of becoming widely accepted form of payment.

It should be noted that cryptocurrency is highly volatile and risky. For example, the price of bitcoin traded a little over $20,000 and dropped to $3200 a year later. Then, traded over $40,000 six months later. The price volatility creates a “hoarding” mentality with no one using it as currency, which creates a saving / collecting / trading scenario. Proceed at your own risk. This is not advice. We want to give you the education so you can come armed with the knowledge.

So how do you get started, and how can you start sending and receiving cryptocurrency.

First, if you don’t have an account with Coinbase, We both get $10 in cryptocurrency and that can be converted to most currency, including USD, Bitcoin, and Ethereum at the push of a button.

How to Send Crypto Inside Coinbase

  1. From the Dashboard, select Send from the top right corner of the screen. 
  2. Under pay with, select the cryptocurrency you would like to send.
  3. Enter the amount of crypto you’d like to send. You can toggle between the fiat value or crypto amount you’d like to send.
  4. Enter the crypto address or email address of the person you would like to send the crypto to.
  5. Select Continue to review and confirm the details of this send. Note: all sends to crypto addresses are irreversible
  6. Select Preview
  7. Select to Send on Coinbase (off-chain) or Send on the blockchain and follow the remaining prompts

How to Send on Coinbase Mobile App

  1. Tap   at the bottom of the app.
  2. Tap Send.
  3. Tap your selected asset and enter the amount of crypto you’d like to send.
  4. You can toggle between the value or crypto amount you’d like to send.
  5. Tap Continue to review and confirm the details.
  6. You can tap the recipient under Contacts, or enter their email, crypto address, or snap their QR code. Note: all sends to crypto addresses are irreversible
  7. Then tap Preview
  8. Follow the prompts to complete the transaction.

If you’re trying to send more crypto than you have in your crypto wallet, you’ll be prompted to top up. 

How to Receive Crypto in Coinbase

You can share your unique cryptocurrency address to receive funds through your web browser or mobile device after signing in. By opting into Instant sends in your privacy settings, you can control whether or not you want your crypto address to be verifiable as a Coinbase user. If you opt in, then other users can send you money instantly and for free. If you opt out, then any sends to your crypto address will remain on-chain.

How to Turn on Instant Sends in Coinbase to Receive Crypto

Receiving Crypto on Web

  1. Select Receive from the top right of your Dashboard
  2. Select the asset type you’d like to receive under Currency
  3. Once selected, the QR code and address will populate

Receiving Crypto on the Mobile App

  1. Tap  at the bottom
  2. In the pop-up window, select Receive    
  3. Select the asset you would like to retrieve an address
  4. Once selected, the QR code and address will populate    

Note: To receive cryptocurrency, you can share your address, select Copy Address, or allow the sender to scan your QR code. 

Buy Me a Coffee:

Consider buying me a coffee if you have received value from this. Just scan my QR code below. Also, share this post with anyone you think needs to get started with crypto. We rely on word of mouth marketing to compete with the big blogs.

WEEKLY MONEY TIPS

Get strategies on making and managing money delivered to your inbox weekly!

Leave a Reply

I LOVE MAKING MONEY FAVORITES

YOU MAY ALSO LIKE