How can I transfer my Bitcoin to Exodus without fees?

So, you’ve bought some Bitcoin, Ethereum, or Litecoin on Coinbase and now you’re wondering how to move the balances to your own personal wallet.

In this quick tutorial, we’ll show you how to move your digital currency, such as Bitcoin, Ethereum, and Litecoin, from Coinbase to Exodus on your computer.

If you are not familiar with Exodus, we highly recommend you download and install Exodus as your preferred software wallet. It is by far one of the best hot wallets around, and currently supports 18 currencies, including all currencies supported by Coinbase.

Why should I move Bitcoin from Coinbase to Exodus?

In general, it is not a good idea to keep your cryptocurrency on an exchange or online wallet for any length of time. It is fine to move your coins in and out of exchanges for trading purposes, but allowing your digital currency to be controlled and managed by a third-party is never a good long-term strategy.

Visit to bitcoin to Paypal

While we always recommend hardware wallets, also known as ‘cold wallets’, for long term storage of cryptocurrencies, sometimes you need to have some digital currency available within easy reach for day-to-day use. This is why software wallets, also known as ‘hot wallets’, are popular. They allow you to control your own private keys and funds, without worrying about an exchange being hacked or shut down.

STEP-BY-STEP GUIDE

In this example, we will send Bitcoin from Coinbase to Exodus. The process is the same for Ethereum and Litecoin, but make sure you are sending/receiving to and from the correct addresses. In other words, make sure you are sending ETH to an Ethereum address (beginning with ‘0x’) and LTC to a Litecoin address.

To get started, sign in to your Coinbase account. Once you are logged in, click the ‘Accounts‘ tab in the main navigation.

Next, click the ‘Send‘ button under the currency you wish to send out. In this example, we are sending Bitcoin, but the process is the same for Ethereum or Litecoin.

The next screen you will see is the ‘Send’ screen showing the transaction details fields you need to fill out, as shown below.

RECIPIENT ADDRESS

In this case, you are sending your coins to Exodus, so you need to input your Exodus Bitcoin wallet address. To find this address, open the Exodus app on your computer, log in, then click ‘Wallet’ on the left-hand side and select ‘Bitcoin.’

In your Bitcoin wallet, you will see two large buttons—’Send’ and ‘Receive.’ Click the ‘Receive‘ button and you will see a pop-up showing your Bitcoin wallet address, along with a QR code for that address.

Click the Copy icon (the first icon) under the address. This will copy the Bitcoin address to your clipboard.

Head back to your Coinbase account in your browser. Select the Recipient field in the Send box and paste in the address you just copied from Exodus.

AMOUNT

Next, enter the amount you wish to send. If you want to send your full balance, click in either box—CAD or BTC—and then click the ‘Send Max’ button that appears. Otherwise, you can enter an exact amount in either CAD or BTC.

NETWORK FEE

The network fee is the transaction fee paid to miners who process and confirm the transactions. This fee does not go to Coinbase, but directly to miners, and it cannot be changed. However, it does fluctuate, so if you feel the fees are too high you can wait and try another time when the network is not as busy.

When you are ready click ‘Continue.’

This will take you to a confirmation screen, shown below, where you will have the opportunity to check over everything and make sure you are happy with the details before proceeding.

As you can see on the screen above, all the details we entered are shown again for us to check. At this point it is a good idea to quickly go back to your Exodus app and view the first and last 4 to 5 characters of your address, then do the same on the confirmation screen in Coinbase. This is just an easy way to make sure you haven’t dropped any characters at the beginning or end of the address if you manually copied or typed it in. If you used the ‘Copy’ button in Exodus then you should be fine, but it’s always good to get into the habit of visually checking addresses as mistakes cannot be rectified afterward.

If the first and last few characters match, that’s a good indication that the addresses match and you haven’t lost any characters along the way!

Finally, you will need to enter a 2-step verification code in the box provided. Open the Google Authenticator app on your phone and find the Coinbase code.

With your 2-step verification code entered, click ‘Confirm‘ to process the transaction. This will show you a confirmation screen with details of the transaction.

You should also receive an email notification once the transaction has fully sent. This may not be immediate, as sometimes congestion in the Bitcoin network can cause delays. Ethereum and Litecoin transactions are usually very quick—however, Bitcoin can sometimes take up to an hour or more to be sent out.

You can click ‘View this transaction’ to see the details in your account.

Alternatively, you can view your account page where the transaction will show up as ‘Pending.’ This means it has been added to the memory pool on the network and is waiting to be mined.

Clicking the transaction in your account history will allow you to view the details again, and will display a link where you can ‘View Transaction.’ This will take you to a blockchain explorer website where you can view the current status of your transaction on the Bitcoin ledger, such as the number of confirmations as well as other details connected to the transaction.

Once the transaction has been fully mined and has received enough confirmations it will appear in your Exodus wallet and you will see your balance increase.

That’s it! You can now repeat the process for your Ethereum and Litecoin balances if you wish.