There are no doubts that both Binance and Coinbase are now giant crypto platforms with hundreds of million dollars traded every day.
While we exemplified the top 5 crypto trading platforms some time ago, today, we want to swiftly see how the transferring of cryptocurrencies from Coinbase to Binance works and how to diligently do it on our own from any part of the world.
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How to Transfer Cryptos from Coinbase to Binance YouTube
In case you prefer a video, click below and see how to make the transaction.
How to Transfer Bitcoin from Coinbase to Binance Exchange in 7 steps
Here are the steps you need to transfer cryptocurrencies from Coinbase to Binance even if you are using a mobile device, Android/App, and iOS.
Step 1. Register and Signup for an account on both Coinbase and Binance.
For Coinbase, click here to sign up for an account.
And for Binance, click here to sign up for a new account.
Step 2. Fund your Coinbase account via credit/debit card or via Bank deposit.
With Coinbase, if your first deposit is $100+, you will get $10 extra. So, if you deposit $1,000, you get $1010.
In case you need a guide on opening a Coinbase account, here is a guide on it.
By now, it is expected that you must have funded your Coinbase account and the crypto is in the coin wallet 😀 – Coinbase BTC wallet or any other cryptocurrencies.
Step 3. Log into both Coinbase.com and Binance.com
On Coinbase, from your dashboard, go to Portfolio.
On Binance, from your dashboard, go to Wallet > Fiat and Spot wallet.
Step 4. On Coinbase, choose the crypto portfolio you want to send to Binance, that is Bitcoin (BTC) for this lesson.
And on Binance, search for the crypto you want to receive from Coinbase. For this lesson, it is Bitcoin (BTC).
Alternatively, if you do not want to search, just scroll down and you will see Bitcoin (BTC).
Step 5. On Coinbase, select the crypto asset you want to send to Binance. Bitcoin (BTC).
And on Binance, click on deposit based on the crypto asset you want to receive from Coinbase. For us, it is Bitcoin (BTC).
Step 6. On Coinbase, click on “send”.
And on Binance, copy the crypto wallet address. For us, it is Bitcoin (BTC) wallet address.
Step 7. On Coinbase, enter the amount of crypto you want to send.
If you want to send all the crypto, then click on “All”.
Next, enter the crypto wallet from Binance into the “address space”, and click on “Continue”.
Go on and confirm the transactions – the charges and click on “Send on”.
Finally, you will get the prompt that the crypto asset – Bitcoin (BTC) – is sent.
Click on done, and that is all.
On Binance, you wait for it to be deposited.
Closing Remark on Coinbase to Binance Transfer
At this point, all you need to do is wait for the crypto asset to be deposited on Binance.
Since it was Bitcoin (BTC), it might take a few minutes because the BTC blockchain transactions are highly competitive.
That is how to Transfer Bitcoin and Cryptocurrencies from Coinbase to Binance.
So, whether the crypto is in your Bitcoin or Ethereum wallet, it’s all the same way to transfer it from Coinbase wallet to Binance exchange.
Transfer Cryptocurrencies from Coinbase to Binance Fees
We already talked about the fees when we compared both crypto platforms.
Nevertheless, the transaction fee was a bit high due to the competition on the Bitcoin network.
To reduce the fees, see what to do below.
Note/Hack– now, if you are in a crypto transaction eligible country on Coinbase, instead of being charged high with sending Bitcoin to Binance, easily convert the Bitcoin on Coinbase first to XRP or LTC and then transfer the same to Binance – for a negligible amount of fee.
Can I Transfer Ethereum from Coinbase to Binance with this method?
Yes, just as I have explained in the video version, you can used the same method and transfer ethereum from Coinbase to Binance.
Now, instead of click on Bitcoin when you select Portfolio on Coinbase, click on Ethereum and follow the same step process.
Get started on how to Transfer Cryptocurrencies from Coinbase wallets to Binance wallets.
➡ To get started, click here to sign up on Coinbase.com (get $100 extra when your first deposit is $100+)
All in all, that is how to send and transfer crypto from Coinbase to Binance crypto exchange account/wallet.