We've all heard that storing your funds on an exchange is risky. Exchanges have been hacked, exchange founders have died or disappeared and the keys to the funds have been lost, and authorities have even seized assets. If you want to protect your funds, you need to hold them yourself.
If you're ready to upgrade to Casa's multisig protection and have set up your Casa vault, you're ready to send the funds from your Coinbase account to your Casa vault. This process is essentially the same as you would follow to send funds anywhere else from your Coinbase account.
This procedure may change from time to time, so if any of the below is outdated, please be sure to check Coinbase’s own support page here:
How to send and receive cryptocurrency
The images displayed in the instructions below are taken from coinbase.com.
1. Sign into Coinbase
Once you enter your email address, password, and sign-in 2FA code (and confirm your device by email if necessary), you'll be taken to your Dashboard.
2. Click the "Send crypto" button on the right side
Image taken from Coinbase.com
3. Get your receive address from your Casa app
Sign into your Casa app on your mobile device. Tap the vault you want to deposit to.
Click the "Deposit Funds" button (if this is your first deposit) or the "Receive" button (if you have made deposits in the past) at the bottom. Click the "Copy" button to copy your receive address.
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Send your Casa deposit address to yourself via a messaging app that you can open on your computer (Signal, Wire, Telegram, email, etc...) and copy it on your computer.
4. Enter details and send transaction on Coinbase
- Paste the address into Coinbase
- Select the asset you're sending
- Select the network
- Enter amount and click "Preview"
- Review the transaction
- If everything looks correct, click "Send now." You might need to enter your 2FA code again.
Example image from Coinbase.com showing withdrawal flow for BTC
Your funds will now be on their way to your Casa vault! Please note that Coinbase batches sent transactions to save on fees, so it may be a few minutes before they broadcast your transaction to the blockchain. Once they do broadcast it, though, you should see it as a pending transaction in your Casa app.