If you own some SOL, you may be looking to send it to your Coinbase.
However, you are only able to send SOL to Coinbase via its native chain (SOL).
Here’s a guide on how you can do so:
How to send SOL to Coinbase
Here are 3 steps to send SOL to your Coinbase:
- Select a platform that enables SOL withdrawals via the SOL network
- Obtain the SOL deposit address from Coinbase
- Send SOL from the platform of your choice to Coinbase
Here is each step explained further:
Select a platform that enables SOL withdrawals via the SOL network
The first step you’ll need is to find a platform that supports SOL, and you are able to send SOL to Coinbase via its native chain (SOL) only.
Here are 5 platforms for your consideration:
| Platform | Native SOL |
|---|---|
| Binance | 0.01 SOL |
| Crypto.com | 0.0005 SOL |
| FTX | 0 SOL |
| Gate.io | 0.046 SOL |
| AAX | 0.01 SOL |
You may notice that FTX charges the cheapest fees for native SOL withdrawals.
Obtain the SOL deposit address from Coinbase
When you are on the homepage of your Coinbase, you will need to tap on ‘Send/Receive‘.
Coinbase will now show you all the tokens that you can deposit onto their platform. You will need to search for SOL, and it will bring its native chain (SOL).
You may want to note that you can only send SOL to Coinbase via the SOL network
If you intend to deposit SOL via its native chain (SOL), your wallet address neither starts with ‘0x’ nor ‘bnb’.
This is because Solana is not an EVM-compatible network, and it cannot be added to Metamask too.
If you are finding it hard to remember all of these long deposit addresses, you may want to consider simplifying them using Unstoppable Domains.
This allows you to send crypto to a .crypto or .wallet address, which makes it much easier to transfer cryptocurrencies between platforms!
Send SOL from the platform of your choice to Coinbase
After you have copied the deposit address from Coinbase, the last step would be to send SOL from the platform that you’ve selected previously.
In this example, I will be using Binance to send SOL.
If you are sending SOL via its native chain (SOL), the address should neither start with ‘0x‘ nor ‘bnb’ and you can choose to transfer it out.
After pasting the address, Binance automatically determines the type of network that will be used (SOL).
Once you have confirmed the transaction, you will be able to receive SOL in your Coinbase.
Conclusion
When you are sending SOL to Coinbase, you are only able to send it via its native chain (SOL).
This is similar to how you would send SOL to Trust Wallet or Phantom.
If you’re looking to generate tax reports for your crypto trades, you can consider using Koinly, which allows you to track your transactions from 350+ exchanges and 50+ crypto wallets.
Are you passionate about personal finance and want to earn some flexible income?
