These instructions will guide you through using Coinbase as a Hot Wallet or Exchange (or both).
Coinbase Pro is currently unsupported as a Hot Wallet (Exchange only). |
Confirm any 2FA challenge
Be sure to enable your fiat wallet (i.e. "USD Wallet") as well as the relevant Coins.
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Copy & save the API Key and API Secret. |
You'll only be shown this secret ONCE.
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Coinbase will restrict your keys for 48 hours!!!
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Set the Rate Source to Coinbase.com
Use the same string for both BUY and SELL options (as applicable).
You may use the same Crypto Setting for both Hot Wallet & Exchange (recommended).
The Hot Wallet parameters for Coinbase.com is:
API Key
API Secret
Account Name: the relevant Coinbase "wallet" (e.g. "BTC Wallet" from step 1)
The parameters should be in this format: apikey : secretkey : accountname
Entered in sequence, on one line, separated by a colon, it looks similar to this:
2ooAIETUc93GGd61:gPu2W8bDJwC9gBrh56M4VzEZ0VIS0kEZ:BTC Wallet |
The Exchange parameters for Coinbase.com is:
API Key
API Secret
Account Name: the relevant Coinbase "wallet" (e.g. "BTC Wallet”)
Fiat Currency: currently either USD, EUR, or GBP
Payment Method: the funding Coinbase "wallet" (e.g. "USD Wallet")
The parameters are in this format: apikey : secretkey : accountname : fiatcurrency : paymentmethod
Entered in sequence, on one line, separated by a colon, it looks similar to this:
2ooAI3GGd61:gPu2W8bzEZ0VIS0kEZ:BTC Wallet:USD:USD Wallet |
Coinbase will not allow you to buy on Coinbase Pro (Exchange) and send to the same Coinbase Hot Wallet. The transaction will FAIL. Do not test your live settings using the same Coinbase account! |
Transactions at the BATM will fail if the amount is less than the Coinbase minimum (normally $20). |