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Cryptocurrency holders understand the importance of trusting their funds to certain crypto exchanges.
Transferring your assets from Binance to Coinbase might be necessary, depending on your specific requirements.
These are two of the most popular exchanges all over the world, which is why it’s fundamental to properly understand how to transfer crypto from one exchange to another.
This is a necessary task that not only experts are capable of doing, so keep on reading so you can now comprehend:
- How to transfer from Binance to Coinbase;
- Things you must know before you send crypto;
- How to properly control your crypto funds.
Table Of Contents
3 Things You Must Know Before Transferring Cryptocurrency
Crypto exchanges understand how important it is for their users to transfer their funds whenever they want.
It isn’t normal to encounter a problem transferring cryptocurrencies, since both of these exchanges are the best in their field.
Nonetheless, it’s vital to pay attention to certain details before you hit that submit button.
Pro Tip: Keep in mind that when you transfer assets from one encrypted wallet address to another, you are moving your crypto funds. Instead, if you want to receive money directly into your bank account, then you must request a bank transfer from Binance. We’ve covered it all in our Withdraw from Binance to Bank blog post.
1. Coinbase vs. Binance
When we talk about Binance and Coinbase, we are referring to two of the biggest exchanges around.
They are both leading the crypto revolution with an unmatching daily trading volume and millions of new users worldwide every day.
Coinbase offers the possibility of sending and managing cryptos, while the Binance site offers the same with a little more variety.
So, do you need to Delete Your Coinbase Account once you send all your funds from one wallet to another? Not at all. At the end of the day, it’s all up to you.
2. Beware of Daily Binance Limits
If you haven’t completed the Binance Verification Process, you will face some daily trading and operational limits that might affect your Binance account.
Luckily, the withdrawal amount limit for most cryptos, for example, Bitcoin, is great enough so you don’t face any problem while completing a transfer.
In any case, both your Coinbase and Binance accounts must be properly verified in order to transfer funds without any limitation.
3. Control Your Crypto Assets
It doesn’t matter which exchange you use on a daily basis - controlling your crypto assets is fundamental to appropriately follow the carefully laid out steps we are about to give you.
For example, if you need to comply with some Crypto Regulations, it’s fundamental to manage your transaction history correctly.
Pro Tip: Coinbase supports a feature where users can check their Coinbase Transaction History whenever they want. This is especially useful if you wish to transfer and exchange cryptos frequently.
How to Transfer Crypto Assets from Binance to Coinbase
Both Coinbase exchange and Binance exchange have a great variety of trading pairs for users to manage at their will.
Nonetheless, it’s utterly vital to make this process carefully, whether you want to send BTC, Bitcoin Cash, or any other crypto.
Step 1: Get the Coinbase Wallet Address
In order to send any cryptocurrency, you first need a wallet address. It can be a BTC address, ETH address, or whatever address you want.
For this, you need to get the Coinbase address directly from the person you want to transfer funds to.
The Coinbase dashboard is pretty intuitive to manage. If you don’t know how to get your unique address on your Coinbase account, worry not - you can do it within minutes just by reading our Coinbase Wallet Address blog post.
Step 2: Log In to Your Binance Account
Once you’ve got the deposit address, the next step is going to the Binance website and log into your account.
Note: the wallet address must belong to the same coin you are about to send. For instance, if you want to send ETH from Binance and you use a different coin wallet address, let’s say, Bitcoin, then your funds will be permanently lost.
Pro-tip: You can earn additional cryptocurrency with Coinbase Earn by answering quizzes. To make your life easier, we provided all Coinbase quiz answers - go grab them now!
Step 3: Start Transferring Funds in “Fiat and Spot”
Once you are logged in, search for the Wallet option at the top of the screen and then select “Fiat and Spot,” as shown in the following image:
Once you are there, you need to select “Withdraw” on your Binance account.
Step 4: Paste the Recipient Address
Here, you must select “Withdraw” Bitcoins in case you want to transfer this currency. Otherwise, select the cryptocurrency you want to transfer and then proceed.
Check that both the Coinbase and Binance receipient address match up, so you don’t input the wrong information there.
Step 5: Double-Check the Transaction
This step is crucial: Coinbase doesn’t support the Binance chain, which is why you must use another network, such as the Cryptocurrency’s native blockchain.
Selecting the wrong network, wrong wallet address, and any other wrong piece of information will cause a permanent loss of your funds.
That’s why it’s extremely vital to check that everything is good and ready to go before proceeding.
Naturally, most common cryptocurrencies, such as Bitcoin and Ethereum, are easier and more intuitive to send from Binance.
Read Also: Do you need to Send Bitcoin From Coinbase? If so, just read our quick guide so you can complete the transaction quicker than you imagine!
Step 6: Finish the Transfer
Now that you are at the last step of this process, you need to ensure three things:
- Withdrawal amount: be sure to select the amount of crypto you need to send carefully;
- Withdrawal address: check once again that you are using the correct address and paste it on the address section;
- Two-factor Authentication: complete a quick authentication process and then hit that submit option.
There you go - that’s how you send assets from Binance! If you need more Binance or Coinbase information, you can always count on GrowFollowing!
Transfer Crypto From Binance To Coinbase FAQ
How Long Does it Take to Transfer from Binance to Coinbase?
It should take up to 30 minutes. Sometimes, it can take a little longer, depending on if there is congestion on the network. In case it takes more than 24 hours, you must contact the exchange support team right away.
How Much Does it Cost to Transfer from Binance to Coinbase?
It depends on the network and cryptocurrency you wish to transfer. In any case, fees related to crypto operations are usually small. You can check this information in detail by checking Binance’s Fee Rates here.
This article is part of The Beginner’s Guide To Coinbase where you can learn everything about Coinbase and how to use it.
About the author
Steve
Steve specializes in cryptocurrency and finance. As a born researcher, he won’t leave any stone unturned when it comes to topics he covers.
