How to Transfer from Coinbase to Bittrex and from Bittrex to Coinbase

Nov 21, 2019 0
How to Transfer from Coinbase to Bittrex and from Bittrex to Coinbase

In this small tutorial we will show you how to quickly transfer coins from Coinbase to Bittrex and from Bittrex to Coinbase. The procedure is straightforward and quick.

Coinbase has a two-step verification and takes security very seriously. They mention, "To help keep your account safe, we'll text you a verification code when you sign in on a new device."

According to financial regulations, you must verify your identity before making any transactions. 

Moving currency from one wallet/exchange to the next is always an intimidating process for someone who has never done it before. But after you have done it a few times, it becomes second nature and is a straightforward process.

You need to be diligent. Always double-check the address, make sure there are no spaces or extra characters when you copy/paste. Be extremely careful about typing the correct address.

To transfer anything, an amount from bank to bank or cryptocurrency from one exchange to another exchange, what you need is the receiver's address and sender's address. For example, if you have one BTC in Coinbase and you want to take it to Bittrex, click on your Coinbase wallet where you can see your bitcoin value. You will find the option to withdraw BTC.

Now come to Bittrex and get into the wallet and click on BTC, there you can see deposit address, click on it to generate the address. Copy the address and paste it to withdraw option on Coinbase. Click on transfer, and it will transfer your funds from Coinbase to Bittrex. Every exchange will give you a choice of deposit and withdrawal, by using it, you can move your holding anywhere you want.

Go to ‘Coinbase’ -> ‘Accounts’ -> ‘BTC Wallet’

Then type in your BTC address, click Send and wait for some confirmations, and it should be in your Bittrex account. For each deposit and withdrawal, there are some charges in the form of the currency which you're transferring. BTC charges the highest amount among all coins.

How long does it take to transfer from Coinbase to Bittrex?

How long does a purchase or deposit take to complete? It depends on your nationality, if you are a U.S. customer, European customer, United Kingdom customer, or Canadian and Australian customer. It can be instantly if you are Canadian or Australian customer with purchases made using debit cards and immediately if using a debit card or the USD wallet being a U.S. customer. For the other nationalities, it can take a few business days. 

How much time does it take to transfer from Coinbase to Bittrex? It depends on the type of cryptocurrency. If you are doing the transfer for BTC, it will take in between 15 minutes to 1.5 hours and if doing Ethereum it will take less based-on transaction confirmation check.

How to transfer Bitcoin from Bittrex to Coinbase

The procedure of transferring bitcoin from Bittrex to Coinbase is also simple. Just follow the steps given below.

From the main menu, click on holdings to see balances and then click on BTC and actions withdraw.

Write the recipient's wallet address and verify it carefully as there is a disclaimer about not refunding an incorrect withdrawal.

You can find the correct address going to your Coinbase account, hit the tab accounts, and then press the receive tab, and it will give you the BTC address. Then click the copy button and paste the address to your Bittrex account.

Enter the withdrawal amount. You will see the fees and how much you will be receiving to your account on Coinbase.

Click withdraw BTC. With your security setup, you will authenticate the transaction.

The steps and procedures about how to transfer Ethereum from Coinbase to Bittrex and how to transfer Litecoin from Coinbase to Bittrex are identical to the steps mentioned above. You choose the relevant coins, Ethereum, Litecoin, and you need to be very careful about copying and paste the correct addresses.

Coinbase transfer fee

There is a very analytical Coinbase Pricing & Fees Disclosures page with a lot of information about various fees. In general, there are variable fees by location and payment method. It is essential to study carefully the notes for full disclosure and transparency.

Additional charges may apply for any transfers between your bank account and the Coinbase account. Besides, there could be fees for Coinbase credit card purchases. It is suggested to avoid these fees, switching to a debit card or bank account.

Bittrex transfer fee

Bittrex has a variable transfer fee for each coin. For Bitcoin, as an example, the withdrawal fee is 0.0005 BTC, for Ethereum it is 0.006 ETH, for Litecoin, it is 0.01 LTC. On the Bittrex page about global fees, they mention the following for the transaction fees:

There is a cost for users related to the specific coin's network fees. For deposits, there are no fees. For withdraws, there is a variable fee as each token or coin has a network transfer fee that is built into it, and there is a charge for a small amount to cover this fee. Information for this fee is publicly available by clicking the withdraw button next to the coin to bring up the withdraw window, which shows what will be the network fee.

Coinbase transfer time

What is the Coinbase transfer time?

Using bank account deposits made to Coinbase Pro are sent via the ACH bank transfer system, which could take about 3-5 business days to complete after initiating a purchase. It usually takes anywhere between 2 and 7 days.

Bittrex transfer time

What is the usual Bittrex transfer time?

On their FAQ page they mention the following:

It is recommended to verify that your bank account has been whitelisted and then wait until the amount of money to be credited to your Bittrex Account.

All deposits in US dollars are credited the same or next-business-day once settled in our Bittrex bank account. Domestic wires require 24-48 hours to settle, whereas International wires require 5-10 days to settle. There could be extra delays will if the wire information does not match the information whitelisted.

For wire transfer fees, Bittrex does not charge wire transfer fees. It is up to the policy of any specific bank to charge further fees for sending or receiving a wire transfer.



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