Steps to Depositing Money in a Bitcoin Wallet. This is a complicated question as there is no direct answer to it. In most cases, you cannot deposit money in a Bitcoin wallet. Instead, you can buy Bitcoin from exchanges or other platforms using cash and then load it to your Bitcoin wallet. Here are the steps to take to achieve it: Download a. Enter the recipients’ Bitcoin wallet address – Follow the instructions on the kiosk screen, and indicate the Bitcoin wallet address of the recipient. The recipient receives the equivalent amount of Bitcoin into their wallet. Don’t worry about paying any pesky miners fees! Using a segwit enabled wallet because by using Segwit Bitcoin addresses, you will be able to save as much as 50% of your Bitcoin transaction fees. Some wallets that support segwit addresses are Ledger Nano X and Trezor. Use BitcoinFees.com estimator proactively before transacting in BTC.

1. Click on Send and select Bitcoin from the Currency drop-down menu. If you have multiple sub-wallets, you can choose the sub-wallet you want to send from in the From drop-down menu. In the To field, paste the recipient’s address OR scan the recipient’s QR code. Enter the amount you want to send. Add an optional description for your transaction.
2. Step 1: Set Up A Bitcoin Wallet. The first thing that you need to do before you can buy any Bitcoin is to set up a Bitcoin wallet. Much like you keep your money in a checking account, you need somewhere to store your Bitcoin when you aren’t using it. Like all other currency, it needs to be parked somewhere!

Be sure you're using your unique QR code for the correct coin to avoid any issues receiving your funds.

Receiving crypto funds

You can generate a unique address (QR code) from your Wallet to ensure the correct address. To receive supported crypto or digital assets:

1. Open Coinbase Wallet app on your mobile device
2. Tap Receive
3. Tap Share address to share unique QR code with the sender
4. You can also select Username to share your username instead

Sending crypto funds

How To Send Money To The Bitcoin Wallet Account

You can send supported crypto funds right from your Wallet to another Coinbase Wallet user.

You can also purchase crypto through your Wallet to send to another Coinbase Wallet user (available on a computer and iOS only).

To safegaurd against sending funds to an incorrect address, we suggest asking the Receiver for their unique QR code.

How To Send Money To My Bitcoin Wallet

To send crypto from your Wallet

1. Open Coinbase Wallet app on your mobile device
2. Tap Send
3. Enter the amount you'd like to send
4. Select which coin you'd like to use
5. Tap Next
6. Tap the QR code or enter the exact recipient address

How To Send Money To The Bitcoin Wallet

Note: Coinbase does not process Wallet transactions over email. You can send supported crypto and tokens using a cryptocurrency address, Coinbase Wallet username, or ENS (Ethereum Name Service for ETH/ERC-20).

If you’re sending an ERC-20 token (eg. USDC, DAI, BAT, MKR etc.)

You will need ETH in your Coinbase Wallet account in order to pay a miner’s fee when sending this cryptocurrency. This is because ERC-20 tokens are issued on the Ethereum blockchain and transactions on the Ethereum network, such as sending ERC-20 tokens, require Ether.

Learn how to transfer funds between your Coinbase.com account into your Wallet.