How to Send Cryptocurrency on Coinbase Wallet — Step by Step Guide
An in-built wallet for sending cryptocurrency, use another service in between like coinbase wallet. So let me help you do this through the following Step By Step:
Read Also:- How to Transfer Crypto from Binance to Coinbase?
Follow the Simple Steps to Send Cryptocurrency on Coinbase Wallet
1. How to Download and Install Coinbase Wallet
- If you have not yet, install the Coinbase Wallet app through the App Store (iOS) or Google Play Store (Android).
- Launch the app and use the user interface to create your wallet Remember to safely store your recovery phrase for this process.
2. Open Coinbase Wallet
Take your cell phone and open the Coinbase wallet app.
3. Choose the Currency You Want to Send /
The main screen will show a list of cryptocurrencies. Just tap the one you want to send.
4. Tap on the Send Button
So within that crypto you want to send there is a Send button. Tap on it.
5. Enter the Recipient’s Address
- We can enter the wallet address manually and also scan the QR code of the person to whom you want to transfer.
- Make sure the address is correct, so that you don’t send the funds to the wrong address. As crypto transactions are non-reversible.
6. Specify the Amount to Send
Among them, the first step is the amount of the cryptocurrency to be sent. You can normally choose to input the amount in crypto or in fiat (like USD)
7. Change Transaction Fee (Optionally available Step, Will Clarify in more element)
Certain cryptocurrencies allow you to select the transaction fee. Sounds logical: higher fees, faster transaction times.
8. Review and Confirm the Transaction
- Carefully review the transaction details, including the recipient’s address and the amount.
- If everything is correct, tap on “Confirm” or “Next” to proceed.
9. Authenticate the Transaction
- You may be prompted to enter your wallet’s passcode, use biometric authentication (like fingerprint or facial recognition), or enter a two-factor authentication (2FA) code.
10. Transaction Sent
- Once authenticated, the transaction will be processed and sent. You can view the transaction status in the app.
Tips for Sending Crypto Safely
Check and Double-Check Addresses: Before you send anything, verify their address. In a few cases we might be making some mistakes by copy-pasting addresses.
QR Codes: Scanning a QR code can lessen the chance of errors as opposed to typing the address.
Keep track of the network fees: Be aware that to send cryptocurrency it is generally accompanied by network fees, which vary according to the current network traffic of a specific blockchain network.
Get the latest version of the Coinbase Wallet app: Ensure that Coinbase Wallet is updated to take advantage of the latest security improvements, along with new features.
