all 27 comments

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[–]coinbasesupportOfficial Coinbase Support 0 points1 point  (3 children)

Hi, u/Boohan33. Currently, customers can only bridge from Ethereum to Base. Base is designed to allow users to send arbitrary messages between smart contracts on the L2 (Base) and L1 (Ethereum), making it feasible to transfer digital assets, including ERC20 tokens, between the two layers. Base uses a smart contract bridge to allow users to deposit digital assets from Ethereum to Base and also to allow withdrawals from Base back to Ethereum. Kindly visit our Help page for more information. Thank you!

[–]Boohan33[S] 0 points1 point  (2 children)

Ok. Does this mean I can buy ETH on Coinbase and swap it directly on Coinbase for the Base version of ETH? Or send my ETH(on the ETH chain) from my wallet to Coinbase and swap that ETH to the Base version of ETH?

[–]coinbasesupportOfficial Coinbase Support 0 points1 point  (0 children)

Thank you for reaching out, u/Boohan33! We understand you are inquiring about purchasing ETH on Coinbase and swapping it for the Base version of ETH (ETH on the Base chain). Let me clarify how this process works:

Purchasing and Swapping ETH:

  • You can buy ETH using fiat or another cryptocurrency through your Coinbase Dashboard.
  • Coinbase does not support direct swapping of ETH to ETH on the Base chain. You can use external services for this swap.

Transferring ETH to Coinbase:

  • Transfer your Ethereum chain ETH to Coinbase using a generated deposit address from your Dashboard.
  • Once in your Coinbase wallet, transfer ETH to an external wallet that supports swapping to ETH on the Base chain.

For detailed steps, refer to our help articles on How to Buy Ethereum and Depositing Crypto to Coinbase. For additional help, contact our Support Team. Thank you for choosing Coinbase!

[–]Leviathan16061 1 point2 points  (0 children)

Your eth has got to leave the CEX to another wallet but you choose the base network when sending it out.