As one of the leading exchange platforms and wallets in the cryptocurrency world, Coinbase supports more than 100 cryptocurrencies. But is Tether one of them? If you, like many Tether users, wonder, “can I send USDT to Coinbase,” you came to the right place. Here we will explain how to send and receive supported crypto on Coinbase.
So can you send USDT or Tether to Coinbase? The answer is yes. Coinbase and Coinbase Pro have introduced USDT to its investors, meaning you can now send, receive, sell or buy USDT on Coinbase. Note that Coinbase only supports USDT that is on the Ethereum blockchain (ERC-20).
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So before you decide to send your Tether to Coinbase, make sure it is on the supported blockchain. Otherwise, your asset will be lost. Keep reading and find out all about Tether trading on Coinbase.
There are several ways to send and receive crypto on Coinbase. You can do it through your wallet where you have USDT, through Coinbase wallet, and through your Coinbase account. Note that, in order to send USDT, you will need to have ETH on your balance to pay the gas fee. Let’s start by explaining how to send USDT from your wallet to Coinbase:
- Open your wallet and click the “send” option,
- Choose USDT,
- In the “to” section, paste the USDT address where you are sending the coins. Enter the Coinbase USDT wallet address,
- Click “Continue,” and send the funds.
You can send and receive supported cryptocurrencies using your Coinbase wallet with just a couple of steps. Here is how to receive crypto with your Coinbase wallet:
- Open the Coinbse wallet app,
- Choose USDT and click the “Receive” option,
- The address or QR code will generate,
- Send that address to the sender.
As you may know, you can use a Coinbase account to trade with crypto without a Coinbase wallet. In fact, you can use other software wallets and send crypto to your Coinbase account. Once you send crypto to your Coinbase account, your assets will be held in the Coinbase custodial wallet that is part of your account. You can send and receive coins using a mobile app or web. Here are the steps you need to follow for both options.
|Web||Go on Dashboard and select||Go on Dashboard and click on “pay”|
|Web||Select the “send” option||Select receive option|
|Web||Enter the amount to send||Choose USDT|
|Web||Enter the crypto address, phone, or e-mail of the recipient||The address will generate. Copy that address and paste it to the exchange or wallet you are sending USDT from|
|Web||Choose USDT and click send|
|Mobile app||Tap to send on your home page||Tap “receive” on your home page|
|Mobile app||Choose USDT||Select USDT|
|Mobile app||Enter the amount to send and click continue||The address will generate. Copy that address and paste it to the wallet you are sending it from|
|Mobile app||Enter the recipient address|
|Mobile app||Send now|
What Coinbase Products Support USDT?
All Coinbase products support USDT that is in the Ethereum blockchain ERC 20. You can send and receive USDT on Coinbase account, Coinbase wallet, and Coinbase Pro app. However, trading of the USDT is only available on the Coinbase account and Coinbase Pro app. Tether is an Ethereum stable token that has an equivalent value in the US dollar. If you wish to trade with USDT on Coinbase, you must know there is a minimum and maximum amount of Tether you can send. The minimal amount is 13 USDT, and the maximum is 10,000,000. USDT requires 14 network confirmations.
Before you send or receive any crypto-asset on your Coinbase wallet, you need to make sure that the coin is supported by Coinbase Wallet. Because if you send an asset that Coinbase wallet doesn’t support, it will be permanently lost. You can see supported cryptocurrencies in Coinbase Wallet by tapping on the “Receive” option and seeing what coins are listed. Coinbase wallet supports Ethereum and all EVM-compatible networks on mobile apps and browsers, and it has integrated compatible networks. However, you can always add other EVM networks manually. Here are the networks the Coinbase wallet supports:
- BNB Chain,
- Gnosis Chain,
- Fantom Opera,
- Avalanche C-Chain,
Like with other cryptocurrencies, the process of purchasing coins through Coinbase is pretty simple and fast. You will need to open and verify your account. Then you will need to add a payment method. You can use a debit card, wire transfer, or link bank account. Once the payment method is added, you can now go on the trade button (two arrows) and select the buy from listed option. The next step is to find Tether or USDT. Type into a search bar, and the coin should appear. Enter the amount you wish to spend and click preview buy. If you are satisfied with the amount, click to buy, and the coins will appear on your balance.
Before you make any transaction, learn all there is to know about the fees and waiting period. For example, it is not the same if you purchase via debit card and wire transfer. Purchasing with debit or credit cards is usually done instantly, while for other options, you may wait for one to a couple of business days.