When you want to move your Bitcoin from one wallet to another, it’s important to take steps to ensure the safety of your coins. In this article, we’ll show you how to move your Bitcoin from Coinbase to Blockchain, and cover some important things to keep in mind when doing so.
What is Bitcoin?
Bitcoin is a cryptocurrency and a payment system, first proposed by an anonymous person or group of people under the name Satoshi Nakamoto in 2008.
Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment.
What is Blockchain?
Blockchain is a digital ledger of all cryptocurrency transactions. It is constantly growing as “completed” blocks are added to it with a new set of recordings. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. Bitcoin nodes use the block chain to differentiate legitimate Bitcoin transactions from attempts to re-spend coins that have already been spent elsewhere.
What is Coinbase?
Coinbase is a digital asset exchange company headquartered in San Francisco, California. They brokerage exchanges of Bitcoin, Ethereum, Litecoin and other digital assets with fiat currencies in 32 countries, and bitcoin transactions and storage in 190 countries worldwide.
How to move bitcoin from blockchain to coinbase
When you want to move Bitcoin from Blockchain to Coinbase, there are a few things you need to take into account. In this article, we will guide you through the process of moving your Bitcoin from Blockchain to Coinbase.
Step One: Log into your Coinbase account
The first step is to log into your Coinbase account. If you don’t have one, you can create one here.
Once you’re logged in, click on the “Accounts” tab and then select the “BTC Wallet” from the list of options.
On the next page, you’ll see your Coinbase bitcoin wallet address. This is the address you need to send your bitcoins to.
Step Two: Click on “Accounts”
From the Coinbase dashboard, click on “Accounts” in the upper left-hand corner. You’ll see all of your Coinbase wallets here. Find your Bitcoin wallet, click on it, and then click on the “Send” button.
Step Three: Select “Blockchain”
Select “Blockchain” as your withdrawal destination and enter the amount of Bitcoin you wish to move in the “Amount” field. Then, click “Generate Withdrawal Address”.
Step Four: Enter the amount of Bitcoin you want to move
Now that you have set up a Blockchain wallet, it is time to learn how to move Bitcoin from Blockchain to Coinbase. This fourth and final step in our guide will show you how to do just that.
When you are ready to move your Bitcoin from Blockchain to Coinbase, log into your Coinbase account and go to the “Send/Receive” page. On this page, you will see a field where you can enter the amount of Bitcoin that you want to move.
Be sure to carefully enter the amount of Bitcoin that you want to move. If you enter an incorrect amount, your transaction may be delayed or fail entirely.
Once you have entered the amount of Bitcoin you want to move, click on the “Send” button. A popup window will appear asking you to confirm your transaction.
Click on the “Confirm” button and your Bitcoin will be sent from Blockchain to Coinbase!
Step Five: Click “Withdraw”
1. Log in to your Blockchain Wallet
2. Go to the BTC Wallet and click on the ( ₿ ) icon
3. Select Withdraw
4. Choose Coinbase as your withdrawal destination
5. Enter the amount of Bitcoin (BTC) you want to withdrawal and click Continue
6. Click Withdraw again to confirm
7. Your Bitcoin (BTC) will instantly be sent from Blockchain to your Coinbase account!
To avoid losing your Bitcoin when sending from Coinbase to Blockchain, make sure to follow these simple tips:
-Create a strong password for your Blockchain wallet and enable 2-factor authentication.
-Don’t share your wallet password with anyone.
-If you’re using a public computer, log out of your wallet after each session.
-Don’t store large amounts of Bitcoin in your Coinbase or Blockchain wallets. Instead, store them in a secure offline wallet, like a Trezor or Ledger device.