receive bitcoin with coinbase

[ratiobitcoin]

I do have an Coinbase Account (not Coinbase Wallet). is it possible to receive BTC over the BTC network on Coinbase from any other wallet?
For example, if a friend owes me money, can he send it directly to my coinbase-btc-receive address instead of giving me $?
with coinbase-btc-receive address i mean the address that appears when i open the coinbase app -> receive crypto -> btc -> btc network.

[OmegaStarScream]

Yes. I would be surprised if you're not able to do that. That's basically what you would also be doing if you wanted to sell your bitcoin, you'd have to send it to your coinbase, and then sell it in exchange for fiat sent to your bank account.

Unrelated but: I would be careful about accepting transactions from individuals that I don't personally know directly to my coinbase address (or any exchange for that matter).

[bchannel]

yes, your friend can send BTC directly to your Coinbase, receive address when you select "Receive Crypto" > "BTC" > "BTC Network".
the question sounded quite strange, but yes, it is possible.

[ratiobitcoin]

thanks for your responses.
i understand it sounds strange, but i would invest the dollar in crypto on coinbase anyway and he does owns btc. so i was asking myself, why not send his btc directly to my coinbase. instead of receiving cash to my bank account, transferring cash to my coinbase and then trading cash for crypto.

i was unsure because for bank transfers coinbase wants the name of the bank account to match with the coinbase profile.

[Frankolala]

Of course, that's why your coinbase account has a btc address for you to recieve bitcoin. Exchanges are used to convert bitcoin to fiat and vice-versa. If you don't want to sell your bitcoin, you can transfer it from your coinbase account to your noncustodial bitcoin wallet that you have the private keys.

[promise444c5]

~

If the friend has a BTC then he can do that so far you trust the coin to be coming from a right source or he can send the USDT and then you can buy BTC with it , if not then he will need to deposit the fiat into his own exchange  , open an account and make the necessary verification if he doesn’t have any..Hence if that’s the case then  why not collect the cash and do it yourself since you already have an exchange account.

[Edit]
Since he has BTC from your response then you can request BTC instead..

[DireWolfM14]

thanks for your responses.
i understand it sounds strange, but i would invest the dollar in crypto on coinbase anyway and he does owns btc. so i was asking myself, why not send his btc directly to my coinbase. instead of receiving cash to my bank account, transferring cash to my coinbase and then trading cash for crypto.

i was unsure because for bank transfers coinbase wants the name of the bank account to match with the coinbase profile.

If your end goal is to store your funds in bitcoin, why not just have your friend send bitcoin directly to a non-custodial wallet?  There are many advantages to not sending all your bitcoin directly to (or through) your Coinbase account, self-custody being the most significant of them.

[ratiobitcoin]

thanks for your responses.
i understand it sounds strange, but i would invest the dollar in crypto on coinbase anyway and he does owns btc. so i was asking myself, why not send his btc directly to my coinbase. instead of receiving cash to my bank account, transferring cash to my coinbase and then trading cash for crypto.

i was unsure because for bank transfers coinbase wants the name of the bank account to match with the coinbase profile.

If your end goal is to store your funds in bitcoin, why not just have your friend send bitcoin directly to a non-custodial wallet?  There are many advantages to not sending all your bitcoin directly to (or through) your Coinbase account, self-custody being the most significant of them.

thank you. i know about the non-custodial-wallet but so far we are only talking about dust.

[dzungmobile]

Yes. I would be surprised if you're not able to do that. That's basically what you would also be doing if you wanted to sell your bitcoin, you'd have to send it to your coinbase, and then sell it in exchange for fiat sent to your bank account.

Unrelated but: I would be careful about accepting transactions from individuals that I don't personally know directly to my coinbase address (or any exchange for that matter).

Receiving bitcoin is easy but your account on a centralized exchange can have issue if the sender sent you tainted coins. You can not control it so I agree with you that for people I don't know well personally, I don't trade with them with my deposit address on a centralized exchange.

An example is an account termination by deposits from UTXOs related to Sinbad mixer.
Sanctioned Services and the service traceability to this forum, Any danger?

Another issue with Coinbase is withdrawal fee that is so expensive.
Problems with Coinbase Withdrawal fees.

[suzanne5223]

I do have an Coinbase Account (not Coinbase Wallet). is it possible to receive BTC over the BTC network on Coinbase from any other wallet?
For example, if a friend owes me money, can he send it directly to my coinbase-btc-receive address instead of giving me $?
with coinbase-btc-receive address i mean the address that appears when i open the coinbase app -> receive crypto -> btc -> btc network.

Yes, the person can send the BTC to you.
Coinbase is just like other CEX platforms, but it is one of the strictest rules and regulated platforms.
I will advise you to be sure that the person is someone you can trust, particularly now that T3 FCU is tracking every transaction that has to do with Bybit hacking, because Coinbase is one of the baddest exchanges when it comes to KYC and anything that has to do with illicit.
Out of curiosity, why are you still using Coinbase based on private information they always requested when their user is doing some transaction or have they stopped it?

[BitMaxz]

thank you. i know about the non-custodial-wallet but so far we are only talking about dust.

Why not tell us more how much exactly you want your friend to send you BTC?

If he just sending low amount, then take note of the huge fees when you are going to withdraw your BTC from Coinbase exchange it is not a good idea but since you said you are going to exchange to other crypto and planning to hold it for a long term it's fine but the problem is you don't have full control of your assets from Coinbase exchange unless you move it to Coinbase wallet or non-custodial wallet.

Tell us more about your plan about the BTC you are going to receive from your friend if it's just for holding or if you have a plan to send this outside the Coinbase exchange, don't attempt because the fees  on Coinbase are expensive, except if you exchange it for other crypto just to get a lesser fee.

[nc50lc]

thank you. i know about the non-custodial-wallet but so far we are only talking about dust.

Seem reasonable considering that spending multiple dust outputs with a self-custodial wallet is also expensive comparable to Coinbase's higher-than-usual "network fee" estimation.
Good, you must had thought this through before asking here.

Also since you're talking about dust amounts here, having those kept on Exchange isn't much of an issue in case your account is suspended
due to one of "friend's" deposit. (since you don't know where it came from)
If the projected amount isn't that much, go for it.

Just don't forget to withdraw once it reach the minimum withdrawal amount that is good enough for self-custody.

[Mrbluntzy]

Just don't forget to withdraw once it reach the minimum withdrawal amount that is good enough for self-custody.

Sorry to ask this mate, but I want to learn too. I have learned that dust as very tiny amount of Bitcoin, it could be 500 or 800 Satoshi or more. My question is, can custodian wallet not be able to accept such dust amount? The reason why I also ask this question is because centralized exchanges usually has a minimum deposit amount of Bitcoin but I have not observed such minimum deposit amount on custodial wallet. Last year, my friend lost his $10 worth of Bitcoin because he deposited on the exchange that required minimum deposit of $20.
@OP, check minimum deposit on Coinbase to know if it can receive the dust amount that you want to send, else you might lose the coin if it's below the exchange's minimum deposit.

[dzungmobile]

I have learned that dust as very tiny amount of Bitcoin, it could be 500 or 800 Satoshi or more.

Dust limits are different by script types

• Legacy P2PKH transaction: 546 sats.
• Segwit P2WPKH transaction: 294 sats.
• Taproot P2TR transaction: 330 sats.

My question is, can custodian wallet not be able to accept such dust amount? The reason why I also ask this question is because centralized exchanges usually has a minimum deposit amount of Bitcoin but I have not observed such minimum deposit amount on custodial wallet.

Your question was answered by your sentence after that but reasons are more than just accepting or not accepting dust deposits. Centralized exchanges have to consolidate users' deposits, and move it to their other hot wallets or cold wallets. They don't want to waste own resources and money by accepting too small deposits.

[hosemary]

My question is, can custodian wallet not be able to accept such dust amount?

If the amount of bitcoin you send is larger than the dust limit, nodes will accept your transaction and it doesn't matter whether the receiving address belongs to a custodial service or a non-custodial wallet, but exchanges can have their own minimum deposit limit and it's possible that the exchange don't credit your deposit due to the amount being lower than their deposit limit while they have received the fund.

[nc50lc]

Just don't forget to withdraw once it reach the minimum withdrawal amount that is good enough for self-custody.

Sorry to ask this mate, but I want to learn too. I have learned that dust as very tiny amount of Bitcoin, it could be 500 or 800 Satoshi or more. My question is, can custodian wallet not be able to accept such dust amount? The reason why I also ask this question is because centralized exchanges usually has a minimum deposit amount of Bitcoin but I have not observed such minimum deposit amount on custodial wallet.

Yesterday, I was actually considering adding a note about the possibility of a minimum deposit in Coinbase but wherever I check (even in their help page), there's no hint of a minimum deposit amount.
I take that it'll be displayed below his Bitcoin deposit address if there is.

For your question, since a Custodial service has its own policies and their users' balances aren't "on-chain", it depends on them whether to credit the amount or not.
But technically, they actually can receive every satoshi that's sent to their customer's deposit address, the question is whether they'll credit it to the user's balance.

[Findingnemo]

Yesterday, I was actually considering adding a note about the possibility of a minimum deposit in Coinbase but wherever I check (even in their help page), there's no hint of a minimum deposit amount.
I take that it'll be displayed below his Bitcoin deposit address if there is.

Yes, they haven't mentioned a minimum deposit limit on their help page, but I can see some other sources mentioned $10USD as minimum deposit limit not sure it's only applicable for fiat deposit or every deposit.

There is another way to deposit without going through all these if the sender is also sending funds from a coinbase account, they allow users to transfer funds within their platform using email at no fee.

[BitMaxz]

]Yesterday, I was actually considering adding a note about the possibility of a minimum deposit in Coinbase but wherever I check (even in their help page), there's no hint of a minimum deposit amount.
I take that it'll be displayed below his Bitcoin deposit address if there is.

Actually, they don't have any minimum deposit in BTC; you can receive any amount, even below 100 sat just make sure it is not lower than the fees. If your transaction fees are 101 sats it won't be credited to you if you send 100 sats.
I checked their Coinbase app and got verified recently, not the non-custodial wallet. When tapping the deposit BTC address, it doesn't show any warning of how much is the minimum to deposit. It isn't the same as OKX before with a minimum deposit of 50k sats.

Their minimum withdrawal is 10k sats and sending any assets to anyone on Coinbase doesn't have a minimum; any amount can be sent with 0 fees.

[Royal Cap]

Yes, you can receive money from any Bitcoin network to your Coinbase wallet. You just need to send your friend the Bitcoin address from your Coinbase. However, in this case, your friend needs to keep a few things in mind, that is, your friend should not send Bitcoin from any other network. For example: BEP20, ERC20. Your friend must send Bitcoin from the Bitcoin (BTC) network. otherwise it will mark as asset loss.

[Forsyth Jones]

As you have already been answered, I'd like to address another issue now: avoid receiving BTC using the deposit address of your current exchange, like Coinbase. It might seem harmless, but coinbase is one of the strictest exchanges when it comes to KYC/AML rules. If the source of these BTC received is related to any crime (even if the sender is unaware of it), you'll be the one left holding the bag.

If you are going to receive BTC, USDT from third parties, check the source and receive it directly from your self-custody wallet and only then send it directly to coinbase or any other CEX.

Just a heads up: an exchange isn't a wallet, so avoid using it as your bank, your bank is your self-custody wallet.