Celsius and Coinbase are two of the most popular cryptocurrency platforms in the market today. Celsius is a decentralized lending platform that offers users the ability to borrow and lend cryptocurrencies at competitive rates, while Coinbase is a leading cryptocurrency exchange that allows users to buy, sell, and trade cryptocurrencies. If you have bitcoin in your Celsius account and want to transfer it to Coinbase, this article will guide you through the process.
Step 1: Create a Coinbase account
The first step in transferring bitcoin from Celsius to Coinbase is to create a Coinbase account. To do this, go to the Coinbase website and click on the “Sign up” button. Follow the prompts to enter your personal information and create a secure password. Once you have created your account, verify your identity by providing a copy of your ID card or passport.
Step 2: Add your Celsius wallet to Coinbase
After creating your Coinbase account, the next step is to add your Celsius wallet to Coinbase. To do this, click on the “Accounts” tab on the Coinbase homepage and then select “Add Account.” Select “Bitcoin” as the cryptocurrency and then select “Celsius” as the wallet provider. You will then be prompted to enter your Celsius wallet address, which you can find in your Celsius account.
Step 3: Transfer bitcoin from Celsius to Coinbase
Once you have added your Celsius wallet to Coinbase, you can now transfer bitcoin from Celsius to Coinbase. To do this, log in to your Celsius account and select the bitcoin you want to transfer. Click on the “Send” button and enter your Coinbase wallet address as the recipient. Make sure you double-check the address to ensure it is correct.
Step 4: Confirm the transfer
After entering your Coinbase wallet address, you will be prompted to confirm the transfer. Review the details of the transfer, including the amount of bitcoin being transferred and the recipient address. Once you are sure the details are correct, click the “Confirm” button to initiate the transfer.
Step 5: Wait for the transfer to complete
Once you have confirmed the transfer, you will need to wait for it to complete. This can take anywhere from a few minutes to a few hours, depending on the network congestion and other factors. You can check the status of your transfer by logging in to your Coinbase account and checking the transaction history.
Step 6: Withdraw or trade your bitcoin on Coinbase
Once the transfer is complete, you can withdraw or trade your bitcoin on Coinbase. To withdraw your bitcoin, click on the “Accounts” tab and select your bitcoin wallet. Click on the “Withdraw” button and enter your withdrawal address. To trade your bitcoin, click on the “Trade” button and select the cryptocurrency you want to trade for bitcoin.
In conclusion, transferring bitcoin from Celsius to Coinbase is a straightforward process that can be completed in a few simple steps. By following the steps outlined in this article, you can safely and securely transfer your bitcoin from Celsius to Coinbase and take advantage of the many features and benefits offered by Coinbase.