How to Transfer Crypto from Coinbase to FTX in Nigeria: When withdrawing Crypto, there are certain things you need put considered in other to avoid loss of portfolio. if you are searching for how to transfer Crypto from Coinbase to FTX in Nigeria, then you have come to the right place.
How to Transfer Crypto from Coinbase to FTX in Nigeria 2023
Most Americans and lots of people across the world use Coinbase for their cryptocurrency purchases. However, not these keep it there, so today we are likely to take a look at just how to transfer your cryptocurrency from Coinbase to FTX.
1). First, we log into our Coinbase account. Here we see the key dashboard. Click the “Send/Receive” button at the top right corner.
2). On this screen, we have the “send” button. We click it and it will ask you all of the information. Which coin do you want to withdraw, how much do you want to send, and where do you want to send it.
3). Find the cryptocurrency you want to withdraw. You should use the search bar if you want to, after your selection is finished, it is time to get the deposit address. With this, we should go to FTX and get our deposit address from there.
Deposit address from FTX
1). We shall log into our FTX account and will undoubtedly be confronted with the homepage that seems like this. Click your account at the top with blue colors, it will undoubtedly be also your email address to get the drop-down menu.
2). Out of this menu, click on “Wallet” and you will undoubtedly be redirected to the page where you could see most of the assets.
3). On this screen, I will be seeing our assets. Each asset includes a deposit, withdrawal, convert, and even a lending button. You are able to scroll down, or you should use the search bar to find whichever crypto you want.
4). After you find your cryptocurrency of choice, click the deposit button seen on the screen. This can redirect you to the deposit address pop-up tab.
5). According to whichever network you want to use, click copy on that address. Which network you choose is essential since it decides the fee you’ll pay. A really clogged and congested blockchain network will cost you a lot and will take some time whereas an inexpensive and fast one will undoubtedly be much better. Make sure both exchanges support the network, sending in one network to another will result in you losing your cryptocurrencies.
Back to Coinbase
1). After entering the total amount, pasting the address we got from FTX, and picking the coin with the right network. We are now ready to hit the “send now” button. Double-check everything here to make sure there is nothing wrong.
2). Once you click send now button, you might find the confirmation page. You might find the address you’re sending, and the total amount you’re sending both in dollar terms and in coin terms, you might find the Coinbase fee and the network fee as a total. It may even demonstrate the estimated time when it will reach FTX as well. Click the “Send now button when you are ready and certain.
Following this, there is nothing you need to do. Your coins will undoubtedly be on their way to FTX and all you’ve got to complete is wait.
Where is My Crypto Deposit❓
You are able to check on the blockchain explorer websites where your crypto is at any given moment. All you have to complete is check your deposit address and see when it is getting any transactions or not. If it’s not shown up yet, it means Coinbase hasn’t sent it and can do so soon, when it is on the way then it usually means awaiting the confirmation.
How long does the transfer take?
This is actually the part where networks are so important. When you yourself have picked a network that is fast and cheap, you then will get it quickly, but when you picked one that is not really a quick one or perhaps a congested one then it might take a while. Coinbase is famous for sending cryptocurrencies fastly, so it should still not be too long.
Does Coinbase have crypto withdrawal fees?
The cryptocurrency withdrawal fee is not really a set amount for Coinbase
and changes in line with the blockchain situation at the time. For this reason, you’ll always see how much fee will undoubtedly be charged before you confirm your withdrawal. If you want to learn more about Coinbase fee structure, you may read this information:
- Trying to deposit a non-supported token may end up in an increased loss of tokens.
- Send a tiny test amount first
- Beware when selecting the network which you want to use for sending crypto