How to send Ethereum from Coinbase Wallet?

Sending Ethereum from Coinbase Wallet: A Step-by-Step Guide

1. Open the Coinbase Wallet app on your mobile device and ensure you are logged into your account. Confirm that your wallet contains enough Ethereum (ETH) to cover both the amount you wish to send and the network transaction fee.

2. Tap on the Ethereum (ETH) balance displayed on your main wallet screen. This will open the ETH details page, where you can view your transaction history and available actions.

3. Select the “Send” option, typically represented by an upward-facing arrow or a paper plane icon. This action will prompt the app to request your authentication method, such as Face ID, fingerprint, or PIN.

4. Enter the recipient’s Ethereum wallet address carefully. You can either paste the address from your clipboard or scan a QR code using the built-in scanner. Double-check the address for accuracy, as blockchain transactions cannot be reversed.

5. Input the amount of ETH you want to send. The app will automatically calculate the network fee based on current gas prices. You may have the option to adjust the gas fee if the network allows for custom settings, though Coinbase Wallet usually manages this automatically.

6. Review all transaction details, including the recipient address, amount, and estimated fee. Once confirmed, tap “Send” to broadcast the transaction to the Ethereum network.

7. After submission, you’ll see a confirmation screen with a transaction ID (TXID). You can use this ID to track the status of your transfer on a blockchain explorer like Etherscan.

Security Measures When Sending ETH

1. Always verify the recipient’s wallet address by cross-referencing at least the first and last few characters. Even a single incorrect character can result in permanent loss of funds.

2. Enable two-factor authentication (2FA) on your Coinbase Wallet account to add an extra layer of protection against unauthorized access.

3. Avoid using public Wi-Fi when initiating transactions. Use a secure, private internet connection to reduce the risk of interception.

4. Be cautious of phishing attempts. Never enter your wallet credentials or recovery phrase on websites or third-party apps that mimic Coinbase Wallet.

5. Regularly update the Coinbase Wallet app to benefit from the latest security patches and improvements.

Understanding Transaction Fees and Speed

1. Ethereum transaction fees, known as gas fees, fluctuate based on network congestion. During peak times, fees can increase significantly.

2. The Coinbase Wallet app estimates the gas fee automatically, but it does not always offer manual control over gas pricing, unlike some other wallet interfaces.

3. Transactions with higher gas fees are typically confirmed faster by miners or validators on the Ethereum network.

4. If you're sending a small amount of ETH, consider checking current gas prices beforehand to avoid paying a fee that exceeds the value of the transfer.

5. Once a transaction is submitted, it cannot be canceled. If a transaction is stuck due to low gas, some wallets allow you to 'speed up' it by resubmitting with a higher fee, though this feature may be limited in Coinbase Wallet.

Common Issues and Troubleshooting

1. If the recipient does not receive the ETH after several hours, check the transaction status using the TXID on Etherscan. Delays are usually due to high network congestion.

2. Ensure you are sending ETH and not another ERC-20 token to the same address. While the address format is compatible, sending the wrong token type can result in loss.

3. If the app crashes during the send process, reopen it and check your transaction history. A failed transaction may still deduct gas fees if it was broadcasted.

4. Never share your 12-word recovery phrase with anyone. Coinbase will never ask for it, and revealing it can lead to complete loss of funds.

5. If you accidentally send ETH to the wrong address, contact the recipient if possible. There is no way to reverse the transaction through the blockchain or Coinbase.

Frequently Asked Questions

Can I send Ethereum from Coinbase Wallet to any wallet address?Yes, you can send ETH to any compatible Ethereum wallet address. Ensure the recipient supports ERC-20 tokens and native ETH transfers. Avoid sending to exchange deposit addresses without confirming their compatibility first.

Why does my transaction remain pending for a long time?Pending transactions usually result from low gas fees during periods of high network demand. The transaction will eventually confirm or fail, but you cannot cancel it. Monitoring the TXID on Etherscan provides real-time status updates.

Does Coinbase Wallet support Ethereum Layer 2 networks?Coinbase Wallet supports multiple networks including Ethereum Mainnet, Polygon, Optimism, and others. Before sending, confirm that both sender and recipient are using the same network to avoid asset loss.

What happens if I lose my phone with Coinbase Wallet installed?If you have your 12-word recovery phrase stored securely, you can restore your wallet on a new device. Without the recovery phrase, access to your funds will be permanently lost. Never store the phrase digitally or in cloud storage.