Although most assets on Coinbase are only supported on the blockchain network that hosts them (even though the asset may technically be available on multiple networks), we do offer multi-chain support for select assets.
The benefit of being able to choose from more than one network for your Coinbase transaction is that some networks may offer lower fees and higher speeds.
If an asset is supported on multiple networks, the available networks will be displayed during the send or receive steps and you'll have the option to choose which network to use for the transaction.
Note: The same network must be used on both the sending end and the receiving end unless the transaction involves the Polygon and Ethereum networks. See examples below.
Asset | Hosting network | Multi-chain support | Scenario | Result |
|---|---|---|---|---|
IOTX | Ethereum | No | Send IOTX to Coinbase on the IoTeX network | ✖️ Funds are lost |
IOTX | Ethereum | No | Send IOTX to Coinbase on the Ethereum network | ✔ Transaction is successful |
USDC | Ethereum | Yes | Send USDC from self-hosted wallet on the Solana network to Coinbase USDC address on the Ethereum network | ✖️ Funds are lost |
USDC | Ethereum | Yes | Send USDC from self-hosted wallet on the Polygon network to Coinbase USDC address on the Polygon network | ✔ Transaction is successful |
USDC | Ethereum | Yes | Send USDC from self-hosted wallet on the Ethereum network to Coinbase USDC address on the Polygon network | ✔ Transaction is successful |
Note: You can find the hosting network for supported/tradable assets on the Coinbase Exchange.
Send on another network
A default network is already selected and will be shown during your transaction (after selecting Preview send on mobile or after selecting Continue on web)
Select the network field and follow the prompts to change the network
You’ll need to confirm that you understand the risk of receiving over a new network
Always confirm that the same network is being used by both the sender and the recipient
Receive on a another network
A default network is already selected and is shown above the QR code
Select the network field and follow the prompts to change the network
Once you confirm that you understand the risk of receiving over a new network, a new QR code and deposit address will be generated
Always confirm that the same network is being used by both the sender and the recipient
How fast will my Optimism deposit be processed?
Deposits will be processed from Optimism in just a matter of minutes. In very rare cases, very large deposits or deposits made during periods of very high bridging activity may take up to seven days to be credited to your Coinbase account.
Layer 2 blockchains, such as Optimism, institute a delay as a way to protect the security of their network. On Optimism, this is called a challenge period. If a very large deposit to Coinbase incurs a deposit-processing delay, smaller deposits will continue to be processed at a normal speed.
Can I send crypto directly from the Ethereum network to Coinbase on the Polygon network?
Yes, but only for assets that have multi-chain support. If Coinbase supports sending or receiving an asset on both the Ethereum and the Polygon network, then you will have one address that you can use for either network. For all other assets that are only supported on the Polygon or the Ethereum network, please be sure to select the correct network to avoid lost funds.
Can I use Ethereum for gas on the Polygon network?
No. MATIC is used for gas on the Polygon network. You can send crypto to your wallet on the Polygon network without MATIC; however, you must have MATIC in your wallet to make subsequent transactions or use dapps on the Polygon network. You can buy MATIC on Coinbase.
I sent ETH to my wallet on Polygon but I can’t find it.
Ethereum on Polygon is called Wrapped Ethereum (ticker: WETH).
I have wrapped MATIC (wMATIC). Can I send that to Coinbase?
No. At this time, Coinbase doesn’t support wMATIC. Don’t send wMATIC to Coinbase or your funds will be lost.
If I want to send Wrapped Ethereum (WETH) to Coinbase using the Polygon network, what wallet should I receive it in on Coinbase?
At this time, to send WETH from Polygon, you should select your Ethereum wallet on Coinbase.
I deposited Wrapped Ethereum (WETH) to Coinbase using the Polygon network. Where is it in my Coinbase account?
When WETH is deposited from the Polygon network, it will be reflected in your ETH balance.
I deposited USDC-SPL to Coinbase using the Solana network. Where is it in my Coinbase account?
When USDC-SPL is deposited from the Solana network, it will be reflected in your USDC balance.
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