How to Deposit to Coinbase?

Users can store funds in the wallet exchange Coinbase in fiat currency (U.S. dollars, euros, pounds sterling). This balance makes it possible to keep assets denominated in such currency as funds in the coinbase.com. They can be used as a source of funds for instant purchases. You can also top up your balance from the proceeds of any transactions on the platform. This means that you can instantly sell/buy on crypto exchangeBy exchanging funds between wallets in fiat and digital currencies. To activate a wallet in fiat currency you need to do the following:

• Download a document that certifies your identity.
• Set up the payment method. It depends on where you live. Different methods are available for different countries.

The following payment methods are available for users from Europe:

• SEPA. Through this system, you can deposit and withdraw assets in fiat currency. The deposit period is 1-3 days.
• Card with 3D Secure. Instant purchase Cryptocurrencies.
• Instant payments to the card. Withdrawal of assets.
• Ideal/Sofort. Balance replenishment. Term of deposit – up to 8 days.
• PayPal. Asset Withdrawal.
• Apple Pay. Purchase cryptocurrency instantly.

The same methods are available for the UK, except for Apple Pay. Also users from this country can use Faster Payments to deposit and withdraw funds. For Coinbase users from the U.S. the following methods are offered:

• Bank Account (ACH). Cryptocurrency purchase, deposit and withdrawal.
• Debit card. Buying cryptocurrency and withdrawal.
• Wire Transfer. Replenishment and withdrawal. Applications are processed within 1-3 days.

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SEPA

Transfers in euros, which are made through SEPA, are used to send payments within the Single Payment Area. Such transfers are not subject to a fee. They are processed on weekdays and may take up to 7 days if sent on weekends. To make a deposit through SEPA, you need:

• Add a verified ID and phone number to your Coinbase account.
• Check that the name on the bank account matches the name on the exchange. Corporate or institutional accounts can only be used by those who have gone through the institutional registration process.
• Confirm bank account. Before depositing in fiat, you must go to “Settings – Payment Methods” and enter the account information. The information will be used to deposit funds for the first verification transaction.
• Include the unique code in the bank transfer as it will be specified.
• Deposit at least 6 euros for verification. If the transfer is successful, the funds will be credited to the balance. This way the bank account will be verified and activated for deposit and withdrawal.

Bank account

Deposit to Coinbase in dollars from a bank account is available. Most bank accounts can be linked instantly by providing only a username and password on request. To link an account to your Coinbase account, you need to go to payment methods and select “Add method – Bank account”. This will open a window with a bank logo, where you can enter the name of the desired bank and login details. The account will be linked and available for use.

You can also manually link your account using the recharge procedure. To do this, do the following:

• Go to payment methods on the Coinbase website, add a bank account.
• Scroll down and click on the “Don’t see your bank” button. When searching for a bank that is not on the list, there will be an opportunity to link it manually. To do this, you must specify the routing number of the bank, your account, name and type (checking or savings bank). By entering the details and full name, you can confirm the account.

The account will be credited with two trial payments (usually they are received within 2-3 days). After checking these amounts, it is necessary to go to “Confirm” for the account in the “Payment Methods” section. In a special field you must enter the cents part of the amounts received. For example, 1.10 USD can be sent. In this case you should specify 10 in the box. After linking the account, you can initiate the first purchase. You can also use it to receive assets from sell orders or withdrawals from the wallet in USD.

Coinbase users in the UK can also top up their Coinbase balance using a bank account. To link a bank account to an exchange account, you need to go to “Settings – Payment Methods” before initiating the transfer. Once the account is linked, the following steps are required to initiate the addition of fiat:

• Select “Portfolio” from the menu at the top of the page.
• Select “Add Cash” from the GBP Wallet.
• Use the displayed information to initiate a bank transfer in pounds sterling from your account.

In order for the service to be able to process a transaction in pounds sterling, the user must:

• Confirm your UK ID and cell phone number in your cryptocurrency account.
• Ensure that the name on the account matches the name in Coinbase. Corporate or institutional accounts are only supported if the institutional adaptation process is complete.

Apple Pay

You can buy cryptocurrency on the exchange using Apple Pay, linked to a bank card. Selling assets, adding fiat and withdrawing funds using this method is not yet available. The acquisition limit corresponds to the amount of the user’s debit card transaction limit. There are restrictions introduced by the exchange. They are specified in the section “Account limits” in the settings. Limits depend on the payment method and region. To make a payment through Apple Pay, you need to go through the following steps:

• Choose a cryptocurrency to buy.
• Enter the amount.
• Specify Apple Pay as your payment method. If you have a Visa/Mastercard that is linked to the Apple Wallet, the Apple Wallet will appear in your account.

Google Pay

Users whose gadgets run on the Android OS can use Google Pay for payments. To do this, you need:

• Choose a cryptocurrency to buy.
• Enter the amount.
• Select Google Pay from the list of available payment methods.

If you already have a Visa or Mastercard associated with Google Wallet, Google Pay will automatically appear as a payment method when you purchase coins on your Android device or in these browsers: Google Chrome, Safari, Opera, Mozilla Firefox, UC, and Edge.

Coinbase Pay

Pay is a tool that allows you to buy cryptocurrency from self-service wallets and DeFi-applications. Not all cryptocurrencies supported by the exchange are available through Coinbase Pay. To use Pay as a payment method to buy cryptocurrency, you need:

• Open the Wallet or DeFi-App and select the “Buy” option.
• Select Coinbase Pay when offered payment methods.
• Log into your Coinbase.com account and perform a two-step verification when prompted.
• Select “Allow” to give the wallet access to the account.
• Specify the asset and the amount to buy.
• Choose your preferred method of payment to make the purchase.
• Click on “Pre-purchase” to view the transaction details, “Confirm” to complete.

After a successful transaction, a confirmation screen appears. Select “View Details” to see a summary of the transaction, or “Done” to return to the home page.

Limits

There are purchase and deposit limits on a Coinbase account. Limits are determined by several factors, including identity verification. A user can apply to increase the limits. If he or she qualifies, verification may be required to access the new limits. To apply at Coinbase.com, one must:

• Sign in to your Coinbase account.
• Go to “Settings”.
• Select “Account limits” and click on “Increase limits – Apply now”.

Exchange support will check the account to make sure the trader qualifies and send an email to see if your limits can be increased. This can take up to 2 days. If the user is eligible to increase their limits, some or all of the checks may need to be done through Coinbase.com or the mobile app:

• Bill.
• Personal information.
• Payment methods.
• Personality.

Timing of enrollment

Coinbase usually makes funds available in a user’s account as soon as payments are processed. Since the exchange works with different payment providers in different geographic regions, the timing will vary depending on the location and payment method. Purchases made with a U.S. debit card or a U.S. dollar wallet become available instantly. The ACH bank transfer system is used for payments from a bank account; such transactions usually take 3-5 business days after a purchase is made.

All purchases made with the debit card of users from Europe occur instantly. Deposits to the EUR wallet using SEPA transfers can be credited within 2-3 business days. Deposits in GBP made using bank transfers (quick payments) are usually made within 1 business day.

How to recharge from a card?

Users in Europe and the UK can buy cryptocurrency from debit and credit bank cards. Visa and MasterCard are suitable. Pre-paid and other options without a payment address are not supported. To buy on the exchange, the payment instrument must have 3D Secure. Using this method, you don’t need to top up your balance to purchase coins. You can purchase them instantly without waiting for a bank transfer. To make a purchase with the card, you must first add it to your account. To do this, the user must do the following:

• Log in to your account and go to “Payment Methods”.
• Select “Add Card” at the top and enter its data. If necessary, enter the payment address.
• Two temporary payments will be deducted from the account. You have to go to online banking to find the two amounts and enter them in a special field on Coinbase to complete the check.
• A new window will show “Card added” and a “Buy Cryptocurrency” button.

When the tool is tethered, you can purchase coins at any time on the “Buy/Sell Currency” page. The process looks like this:

• Go to the purchase page and enter the desired amount.
• Select the desired option from the drop-down list.
• Confirm the correctness of the data and press the “Complete the operation” button.
• Go to the bank’s website and complete the payment.

Now you can make a purchase by selecting a payment instrument in the menu of payment methods on the “Purchase” page. It is not possible to sell cryptocurrency and send funds to the card.

Via the app

In the branded mobile app, it is also possible to buy assets with the card. To do so, the user must:

• Click the menu icon in the top corner of the screen and go to the navigation bar.
• Click “Purchase” and specify the amount in fiat or cryptocurrency.
• Select a wallet and specify a tool with 3D Secure.
• Click “Buy” and “Confirm now” in the new window. The service will redirect you to the card issuer portal.
• Follow the instructions of the payment service to purchase. Upon completion, the service will redirect the user to the application.