How to Transfer Crypto from Coinbase to BitMart?

The present generation is shifting toward crypto money, and the primary reason for this preference is that a cryptocurrency is a decentralized form of investing that is free of government influence.

In recent years, several applications have been launched, and BitMart is one of the main cryptocurrency trading platforms. Sheldon Xia developed BitMart, and the Cayman Island-based company has 5.5 million members.

BitMart features a user-friendly design, which provides it a competitive advantage over all other crypto-exchange platforms.

Depositing user cash, trading crypto, and transferring money between other wallet applications and BitMart are all fairly simple.

The software is currently available in 180 countries worldwide, including the United States, South Korea, and China.

How to Transfer Crypto from Coinbase to BitMart?

BitMart customers can move their assets to any other well-known crypto wallet or trading platform. The process is given below:

Steps to Transfer Crypto from Coinbase to BitMart:

Step 1: The user must first make an account and then log in to the official website www.bitmart.com.

Step 2: In BitMart, choose the cryptocurrency to be transferred from the assets tab.

Step 3: Choose a deposit method and copy the deposit address.

Step 4: Open Coinbase (https://www.coinbase.com/) and create an account

Step 5: Set up the account which should contain the crypto that you want to transfer from Coinbase to BitMart.

Step 6: Now, select the same cryptocurrency that will be transferred. 

Also Check:  How to Bypass Coinbase ID Verification?

Step 7: Enter the transfer amount and press the Continue button.

Step 8: Click the “Not Now” button.

Step 9: Paste the copied deposit address into the box and click continue.

Step 10: Now, go over the confirmation page again.

Step 11: Set a transfer limit for your Coinbase wallet and click “Send now.”

Step 12: Finish the two-way verification to complete the transfer process.

How Long Does It take to Transfer Crypto from Coinbase to BitMart?

If the user has authorized the transaction, it takes a maximum 72 hours to complete the transfer from Coinbase to BitMart.

After authorizing the transaction, the user has to wait for the verification from the platform’s side to ensure security in the transfer process.

Also Read: How to Connect Coinbase to Coinbase Wallet

Coinbase Wallet Transfer Limit

The transfer limit of a Coinbase wallet for US users is $25,000 a day. If any user wants to transfer more than $25,000 a day “ACH limit” they have to use wire transfer to complete the transfer from their bank account to Coinbase account.

Limiting the daily transfer limit allows its users to track their daily investment, exchange, and trading.

This is also useful in terms of security because it will not allow stealing more than a certain amount if any security breaches occur on either side.

Why can’t I Transfer Crypto from Coinbase to BitMart?

There can be several reasons behind the failure in transferring a crypto from Coinbase to BitMart. Before going for the final stage of the transfer, please check the amount of transfer and the amount of the crypto you have in Coinbase which you are transferring.

Also Check:  How to Add Bitcoin to Coinbase Wallet?

Maybe you have entered a transfer amount which is greater than how much you possess. Also, do not forget to add the transfer fee while calculating the transfer amount.

There is a transfer limit in Coinbase, which is $25,000 a day. If you exceed the amount, Coinbase will not let you transfer your crypto. 

Coinbase to Bitmart transfer fees

The transfer fee structure of Coinbase is the most difficult to understand because there are several different variables at work. Based on the region, item, and mode of payment, the user would pay a flat fee or a variable percentage of the transaction.

The Flat Fee structure of Coinbase:

Transaction amount Transfer fee
≤ $10 $0.99
≥ $10, ≤ $25 $1.49
≥ $25, ≤ $50 $1.99
≥ $50, ≤ $200 $2.99

The variable fee structure for the 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

Note: Above mentioned fees can vary time to time.

Also Read: How to Change Phone Number / Email Address on Coinbase?

How to Transfer SafeMoon from Coinbase to BitMart?

Steps To transfer SafeMoon from Coinbase to BitMart:

Step 1: The user must first make an account and then log in to the official website www.bitmart.com.

Step 2: Select SafeMoon which will be transferred from the assets option in BitMart.

Step 3: Select the deposit option and copy the deposit address.

Step 4: Open Coinbase (https://www.coinbase.com/) and create an account

Also Check:  How to Close Coinbase Account?

Step 5: Set up the account which should contain the crypto that you want to transfer from Coinbase to BitMart.

Step 6: Now, go to the SafeMoon which will be transferred in this case

Step 7: Select the double arrow sign below and again select SafeMoon.

Step 8: Enter the transfer amount and select continue.

Step 9: Select not now.

Step 10: Paste the copied deposit address and click on “Continue

Step 11: Review the confirmation page

Step 12: Coinbase wallet transfer limit and select “Send now“.

Step 13: Complete the two-way verification to complete the transfer process.

Conclusion

Numerous experts predict that bitcoin will be the primary method of investing in the future. The prevalence of cryptocurrency is steadily increasing.

It is considered that the major reason for this increase is since cryptos are decentralized currencies that cannot be regulated by other government organizations; nevertheless, this benefit can also pose a significant danger to traders.

If the crypto market becomes crippled for any scenario in the future, traders will be responsible for their losses, with no government assistance or assistance in the economy.

Though individuals in the crypto investing sector claim the possibilities are minimal, there is still a danger in this procedure.

BitMart is among the world’s top crypto trading platforms, with millions of members worldwide. The platform allows its customers to swap assets from other well-known platforms and is simple to use for trading.

Users may deposit funds in any cryptocurrency with a few mouse clicks and begin trading. This platform allows several currencies from its customers for deposit via third-party payment programs, but only cryptocurrency may be exchanged on it. It just takes 24 hours to deposit funds and 72 hours for withdrawal.

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