How To Transfer From Coinbase To KuCoin

Individuals with a Coinbase account can transfer their crypto assets to KuCoin by initiating a withdrawal request. The overall process to withdraw on Coinbase can be completed in a straightforward manner which involves copying the Kucoin wallet address into Coinbase. The transferred funds will be shown in KuCoin as a deposit.

Transferring From Coinbase To KuCoin Tutorial

To transfer crypto between Coinbase and KuCoin, follow these basic steps:

Step 1. Log into KuCoin or create an account

The first step is to obtain the deposit address within KuCoin for the particular crypto. Therefore, log in to KuCoin or create a new account and complete the ID verification process. This will increase the withdrawal limit should this be required.

Step 2: Find the wallet address and copy it to the clipboard

The default window will be the ‘Assets' window that shows the current balances within KuCoin. To transfer funds, navigate to the ‘Deposit' link along the top navigational menu and then select ‘Deposit Crypto'.

On the deposit page, there is a drop-down menu to choose the cryptocurrency to receive from Coinbase. Choose the crypto and the blockchain network to use. It is important to choose the same blockchain network on both KuCoin and Coinbase to ensure the transaction is processed correctly.

Once selected, the wallet address will be shown. Click on the “Copy” button or scan the QR code with a mobile address. This will copy the wallet address to the clipboard.

Step 3. Return to Coinbase and paste deposit address

Since the deposit address is within the clipboard, the next step is to log into Coinbase to withdraw funds and transfer them to KuCoin. Log into the account where the funds are held. Once done, click on the ‘Send/Receive” button on the top right and a pop-up window will show up. Click on the “Send” tab, and enter the amount of crypto to withdraw from Coinbase in dollars or directly in the cryptocurrency.

There is also a useful option to click on “send all” to transfer all the crypto from the account. After that, select how to pay in the “Pay With” option. The next step is to paste the deposit address that was copied to the clipboard in Step 2 above. Once done, click on continue, and Coinbase will redirect you to a confirmation screen.

Step 4. Review and confirm the transfer

The final step is to review and confirm the transfer. Check the details carefully and make sure it is correct. Coinbase will charge a fee depending on the transaction, which is listed as a “Coinbase Fee” for the transaction. The network fee will be paid to the blockchain for the transaction to be carried out.

Click on ‘Send Now' once all the details have been verified. Coinbase should verify the withdrawal in a few minutes and transmit it on the blockchain. Once the blockchain approves, the transfer will be displayed as a “Deposit” within KuCoin. Just be aware of the network fees, which can vary between coins and tokens. For more information on how much it costs to transact in Bitcoin, read this article.

Reasons To Transfer Assets From Coinbase To KuCoin

While Coinbase is ranked higher amongst the top crypto exchanges by market share, several features make KuCoin a much superior choice in comparison. We’ve listed the primary reasons below:

• A larger selection of coins and markets. KuCoin’s crypto offerings are incomparable to that of Coinbase. The platform offers more than 650 cryptocurrencies, many of which are relatively small and unavailable on other platforms, while Coinbase only has about 90 tokens available for its customers in the US. Most of these are listed in the top 50 cryptos. With the growing interest in altcoins and meme coins, investors are constantly looking for coins with small market capitalization.
• Lower fees: KuCoin offers better value for money regarding trading fees. First, the platform does not charge any fee for crypto deposits. Secondly, the platform follows a maker-taker fee of 0.10% or less of the transaction value. There is also the incentive of an additional 20% discount if paying with KCS. Coinbase, on the other hand, charges 0.5% per transaction and has no discounts or rebates.
• Advanced features: KuCoin is more geared towards serious crypto traders with a larger selection of markets to trade. These include spot, margin, and derivatives products. On the other hand, Coinbase only has spot and margin pairs. Moreover, KuCoin has a diverse offering of earn products such as liquidity pools, staking, and interest accounts.