How to Deposit GBP in Coinbase: Ways To Deposit [Latest Guide]

Depositing GBP into your Coinbase account is a straightforward process, but it can sometimes be confusing due to technical glitches or missing information. This guide will walk you through the steps to successfully deposit GBP into your Coinbase account, ensuring a smooth and hassle-free experience.

📚Related: Coinbase Wallet Not Showing Balance? Here’s How to Fix It

Why Can’t I Deposit GBP?

Some users have reported that when they try to add cash to their Coinbase account, the popup window shows an empty black box instead of the expected bank information. This can be frustrating and prevent users from depositing funds into their accounts.

• Solution: The solution to this issue is surprisingly simple. Instead of using the Coinbase website, users can install the Coinbase mobile app on their smartphones. The mobile app allows users to deposit GBP without any issues.

Verify Your Bank Account Before Deposit GBP in Coinbase

Before you can deposit GBP, you need to verify your bank account with Coinbase. This step is crucial to ensure the security of your transactions.

• Initiate a Deposit: Start by initiating a small deposit from your bank account into your Coinbase GBP wallet.
• Verification: Once the funds reach your Coinbase account, your bank account will be automatically verified. Ensure that the name on your bank account matches the name on your Coinbase account to avoid any issues.

📚Related: Fix Missing Transaction in Coinbase Wallet: A Step-by-Step Guide

Deposit GBP in Coinbase Using Faster Payments

Coinbase supports GBP deposits via the Faster Payments Service, which is a quick and secure way to transfer funds.

• Sign In: Log in to your Coinbase account.
• Navigate to Portfolio: Select “Portfolio” from the navigation menu.
• Select Deposit: On the right-hand side, click on “Deposit” and choose GBP.
• Choose UK Bank Transfer: Select “UK Bank Transfer” and follow the on-screen instructions.
• Provide Reference Number: Ensure you include the reference number provided by Coinbase when initiating the transfer from your bank. This step is crucial to avoid delays.

Deposit GBP Using the Coinbase Mobile App

If you encounter issues with the website, such as an empty black box instead of bank information, using the Coinbase mobile app can be a reliable alternative.

• Download the App: Install the Coinbase mobile app from your device’s app store.
• Sign In: Log in to your Coinbase account through the app.
• Add Cash: Navigate to “My assets” and select “Add cash” next to your GBP balance.
• Follow Instructions: Use the information displayed to initiate a transfer via your banking app.

Troubleshooting Common Issues

If you face difficulties while depositing GBP, here are some common issues and their solutions:

• Empty Add Cash Popup: This issue is often a glitch on the website. Switching to the mobile app usually resolves the problem.
• Bank Verification Issues: Ensure that the name on your bank account matches the name on your Coinbase account. If there is a mismatch, contact Coinbase support for assistance.
• No Deposit Methods Enabled: This error may occur if your account settings are incorrect. Verify your account details and ensure all required information is up to date.

Fees and Timing

• No Fees: Coinbase does not charge a fee for GBP deposits via Faster Payments.
• Processing Time: Funds typically appear in your account within 1-3 business days. If your funds are not received after 3 business days, contact Coinbase support for further assistance.

Conclusion

Depositing GBP into your Coinbase account can be done efficiently by following the steps outlined above. Whether you prefer using the website or the mobile app, ensuring your bank account is verified and following the correct procedures will help you avoid common issues and delays. If you encounter any problems, Coinbase support is available to assist you.

By following this guide, you can confidently deposit GBP into your Coinbase account and start trading or investing in cryptocurrencies with ease.