Coinbase Recurring Deposits From Bank Account [2025 Tutorial]

Introduction

This tutorial provides a step-by-step guide on how to make recurring deposits to your Coinbase account from your bank account using the mobile app. Recurring deposits are essential for maintaining funding in your account, especially if you plan to use trading bots. This guide is relevant for anyone looking to automate their investment strategy and ensure consistent capital availability.

Step 1: Setting Up Your Coinbase Account

1. Create a Coinbase Account

   • Download the Coinbase mobile app from your app store.
   • Follow the on-screen instructions to create an account, including verifying your email and phone number.

2. Link Your Bank Account

   • Open the app and navigate to the settings or payment methods section.
   • Choose the option to add a bank account.
   • Follow prompts to input your bank account information, including your account number and routing number.
   • Verify your bank account through the method provided (usually involves sending small test deposits).

Step 2: Initiating Recurring Deposits

1. Open the Recurring Deposits Feature

   • In the Coinbase app, go to the "Settings" or "Payment Methods" section.
   • Look for the option that mentions "Recurring Deposits" or "Automatic Transfers."

2. Configure Deposit Settings

   • Select the bank account you wish to use for the recurring deposits.
   • Specify the amount you want to deposit regularly.
   • Choose the frequency of the deposits (daily, weekly, monthly) based on your investment strategy.

3. Confirm and Save Settings

   • Review the details of your recurring deposit setup.
   • Confirm the settings to activate recurring deposits.

Step 3: Monitoring Your Deposits

1. Check Deposit Status Regularly

   • Navigate to your Coinbase account dashboard to monitor the status of your deposits.
   • Ensure that deposits are being processed as scheduled.

2. Adjust as Needed

   • If your investment strategy changes, revisit the recurring deposit settings to adjust the amount or frequency.

Step 4: Utilizing Python with Coinbase API (Optional)

1. Set Up Python Environment

   • Ensure you have Python installed on your computer.
   • Install the Coinbase API wrapper using pip:

     pip install coinbase
     

2. Writing the Script

   • Create a Python script to automate deposit monitoring. Here’s a basic structure:

     from coinbase.wallet.client import Client
     
     client = Client('API_KEY', 'API_SECRET')
     
     # Example function to retrieve account balance
     def get_balance()
         accounts = client.get_accounts()
         for account in accounts.data
             print(f'{account.name}: {account.balance.amount} {account.balance.currency}')
     
     get_balance()
     

   • Replace 'API_KEY' and 'API_SECRET' with your actual Coinbase API credentials.

Conclusion

In this guide, you have learned how to set up recurring deposits to your Coinbase account from your bank account using the mobile app. By following these steps, you can automate your funding process, ensuring your account is always ready for trading. Additionally, if you're familiar with Python, you can use the Coinbase API to further enhance your trading strategies. Start making your deposits today to streamline your trading experience!