Coinbase is a cryptocurrency exchange platform where users can buy, sell, and store digital currencies like Bitcoin, Ethereum, and others.
It is important to migrate your crypto to a self-custodial wallet once you are done trading because if the exchange ever went out of business or was inaccessible you would not be able to access your crypto anymore. This happened to users of the FTX exchange. This article goes more in-depth on why self-custody is important. The process of migrating your crypto off of Coinbase to MEW Mobile is simple.
Follow this guide to move your crypto off of Coinbase and into your MEW Mobile self-custodial wallet.
Downloading and Creating a MEW Wallet
If you do not have a MEW Wallet yet, you can easily create one by downloading the MEW Mobile app. If you are using iOS, you can follow the instructions in this article to create a wallet. If you are using Android, you can follow this article to create a wallet.
Send crypto from Coinbase Mobile App
First, open your Coinbase app then select ‘Transfer’ at the bottom of the app.
Select ‘Send crypto’ then enter your MEW Mobile address.
You can get your MEW Mobile address by clicking the down arrow on your colorful account card.
Click ‘Copy’ then head back to Coinbase to paste your address.
After entering your address, select the token you want to send. We will choose USDC for this example.
Select the network you want to send your tokens on.
On the MEW Mobile app, you can check which networks are supported by clicking the network at the top left of the app.
Back on the Coinbase app, we will select the Base network for this example and there may be a pop up asking you if the token is supported on this network. Click “Yes it’s supported” once you have verified that the network is supported on MEW Mobile.
Enter the amount you want to send then click ‘Preview’.
Review your transaction and when you are ready click ‘Send Now’.
You should see your crypto in your token list on MEW Mobile once the transaction is confirmed.
Send from Coinbase Website
First, head to the Coinbase website then click ‘Send crypto’ at the bottom right of the site.
Paste in your MEW Mobile address then click the first wallet option in the list.
Select the asset you want to send to your wallet. We will choose USDC for this example.
Select the network you want to send your tokens on.
On the MEW Mobile app, you can check which networks are supported by clicking the network at the top left of the app.
Back on the Coinbase website, after selecting the network there may be a pop up asking if the wallet supports the network you are sending on. Click “Yes, it’s supported” once you verify the network is supported.
Enter the amount you want to send to your wallet then click ‘Preview’.
Review your transaction then click ‘Send now’.
It should display that your crypto has been sent.
You should see your crypto in your token list on MEW Mobile once the transaction is confirmed.
Thank you for checking out our guide on How to Move Crypto from Coinbase to MEW Mobile! Don't forget to download Enkrypt for a seamless web3 multichain wallet experience. We would love to hear from you on our social media about any guide suggestions you have for the future. Also, if you enjoy using mobile cryptocurrency wallets, give our MEW Mobile app a try, it's available on both iOS and Android platforms!
