Coinbase Wrapped Assets are wrapped versions of cryptocurrencies, backed 1:1 by the underlying assets held in custody by Coinbase. Coinbase Wrapped Assets are treated as fungible with the corresponding native asset on the Coinbase platform, so Coinbase Exchange users will see a single balance for each relevant native asset. In order to mint a Coinbase Wrapped Asset, users can simply withdraw the corresponding native asset from their Coinbase Exchange account and send it to a wallet address on a supported network. Similarly, when a Coinbase Wrapped Asset is deposited to a user's Coinbase Exchange account, it is automatically unwrapped and credited to the user’s native asset balance.
Available Wrapped Assets and Networks
Coinbase Wrapped BTC (cbBTC)
Networks: Base, Ethereum, Solana, Arbitrum
Coinbase Wrapped DOGE (cbDOGE)
Networks: Base
Coinbase Wrapped XRP (cbXRP)
Networks: Base
Coinbase Wrapped LTC (cbLTC)
Networks: Base
Coinbase Wrapped ADA (cbADA)
Networks: Base
Coinbase Wrapped MEGA (cbMEGA)
Networks: Base
Withdrawals of Wrapped Assets
You can withdraw wrapped assets from your underlying asset balance.
Click ‘Withdraw’ to enter the withdrawal flow.
Select the underlying asset you wish to withdraw.
Select 'Crypto Address' to withdraw to an external wallet address.
Select the appropriate network.
Input the destination wallet address.
Mark the displayed checkbox to confirm that you are withdrawing the underlying asset over the correct network and assets withdrawn will appear as the wrapped version.
Input the amount you want to transfer.
Click ‘Withdrawal’ to initiate the withdrawal.
Deposits of Wrapped Assets
You can deposit wrapped assets to your underlying asset balance.
Click ‘Deposit’ to enter the deposit flow.
Select the underlying asset you wish to deposit.
Select 'Crypto Address' to deposit the wrapped asset from an external wallet address.
Ensure that you can only send the underlying asset or its wrapped version by clicking 'I understand' to move forward with your deposit.
Select the appropriate network.
Copy the wrapped asset address for your Coinbase Exchange account.
Send the wrapped asset to this address from your external wallet.
The wrapped asset deposited to your account will be automatically converted to the underlying asset.
cbBTC Restrictions
cbBTC is currently not available to customers in Canada, Georgia and Japan.
cbADA, cbDOGE, cbLTC, cbMEGA, and cbXRP Restrictions
cbADA, cbDOGE, cbLTC, cbMEGA, and cbXRP are currently not available to customers in New York, Japan, Canada, Germany, Mexico, Colombia, Argentina, South Africa, Nigeria, Ghana, Chile, Dominican Republic, Jamaica, Ecuador, Peru, Costa Rica, Kuwait, Kazakhstan, Cameroon, Serbia, Trinidad and Tobago, El Salvador, Kenya, Indonesia, Bahrain, Bangladesh, Pakistan, Thailand, Saudi Arabia, Sri Lanka, Morocco, Vietnam, Malaysia, Algeria, Ethiopia, Guatemala, Honduras, Panama, Egypt, Israel, Tunisia, Nepal, Benin, Armenia, Georgia, Mongolia, Paraguay, Côte d'Ivoire, Bolivia, Kyrgyzstan, Angola, Burkina Faso, Togo, Moldova, Albania, Cambodia, Niger, Senegal, Barbados, Maldives, Cayman Islands, North Macedonia, Mozambique, Republic of the Congo, Gabon, Saint Lucia, Bermuda, Turkey, Ukraine, British Virgin Islands, Singapore, Hong Kong, Philippines, Taiwan, South Korea, United Arab Emirates, New Zealand, Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Norway, Iceland, Liechtenstein, Faroe Islands.
Please contact your Coinbase Exchange Account Manager or Coinbase Support for more details.