How to Transfer Crypto from Binance to Coinbase

Not sure how to transfer your cryptocurrency from Binance to Coinbase? No worries – we’ve got you covered. Follow this step-by-step guide and you’ll be moving your crypto in no time.

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Introduction

In this guide, we will show you how to transfer cryptocurrency from Binance to Coinbase. We will also provide a few tips on how to choose the right wallet for your needs and how to keep your coins safe.

Cryptocurrency is often seen as a investment rather than a currency, and as such, many people want to hold it in a wallet that they perceive as more stable and secure. Coinbase is one of the most popular exchanges for buying and selling cryptocurrency, and it offers a secure “online wallet” for storing your coins. However, Binance is one of the largest cryptocurrency exchanges in the world, and it offers a wide range of altcoins that can be traded for other cryptocurrencies or fiat currency (like US Dollars).

So if you’re looking to trade on Binance but want to store your coins in Coinbase for long-term stability, you’ll need to know how to transfer cryptocurrency between the two platforms. Luckily, it’s not too difficult once you know where to find the right addresses.

What You Need to Know Before You Begin

If you’re looking to move your cryptocurrency from Binance to Coinbase, there are a few things you should know before you begin. In this article, we’ll walk you through the process step-by-step so you can make the transfer with confidence. We’ll also provide some tips on how to keep your crypto safe.

Binance and Coinbase

Binance and Coinbase are two of the most popular cryptocurrency exchanges. Binance is known for its low trading fees, while Coinbase is known for its ease of use. If you’re looking to transfer crypto from one exchange to another, here’s what you need to know about Binance and Coinbase.

Binance is a cryptocurrency exchange that was founded in 2017. Binance is headquartered in Malta and has offices in Hong Kong, Japan, and South Korea. Binance has a 24-hour trading volume of $1.65 billion and supports over 100 cryptocurrencies.

Coinbase is a cryptocurrency exchange that was founded in 2012. Coinbase is headquartered in San Francisco, California and has offices in the United Kingdom, Canada, and Japan. Coinbase has a 24-hour trading volume of $1.29 billion and supports over 50 cryptocurrencies.

Fees

Crypto-to-crypto trades are free on Binance, but withdrawing funds into fiat currency (USD, EUR, GBP etc) comes with a 1.5% charge. You can avoid this fee by using stablecoins such as Binance USD (BUSD), which is pegged to the US dollar. If you want to cash out your crypto for fiat currency, Coinbase is a better option as it doesn’t charge any fees for this service.

How to Transfer Crypto from Binance to Coinbase

This article will go over how to transfer crypto from Binance to Coinbase. First, you will need to sign up for a Coinbase account and then link your Binance account to Coinbase. Once you have done that, you will be able to transfer your crypto from Binance to Coinbase.

Step One: Register for a Binance Account

The first thing you need to do is sign up for a Binance account. You can do that by going to binance.com and filling out the registration form.

Once you have registered for an account, you will need to verify your identity. To do this, you will need to upload a copy of your ID and a selfie of yourself holding your ID.

After your identity has been verified, you will be able to deposit funds into your Binance account. To do this, go to the “Deposit” page and select the currency that you want to deposit.

##Step Two: Register for a Coinbase Account
The next thing you need to do is sign up for a Coinbase account. You can do that by going to coinbase.com and filling out the registration form.

Once you have registered for an account, you will need to verify your identity. To do this, you will need to upload a copy of your ID and a selfie of yourself holding your ID.

Step Two: Set Up Two-Factor Authentication

Before you can transfer funds out of Binance, you will need to set up Two-Factor Authentication (2FA) on your account. Binance requires all users to enable 2FA in order to maintain security of accounts and protect users’ assets.

2FA adds an extra layer of protection by requiring a second form of authentication, in addition to your password, in order to log in to your account. Binance offers two forms of 2FA:

-SMS Authentication: A code is sent via text message to your phone number that you then enter in order to log in.

-Google Authenticator: An app that generates codes that you enter in order to log in.

We recommend using Google Authenticator as it is more secure than SMS Authentication and does not require you to give Binance any personal information such as your phone number. You can read more about the two types of 2FA here.

Once you have enabled 2FA on your account, you will be able to generate a unique set of API keys which will be used to link your Binance account with Coinbase.

Step Three: Navigate to the Binance Spot Wallet

The next step is to navigate to the Binance Spot Wallet. You can do this by clicking on the Wallet tab at the top of the Binance website, and then selecting the Spot Wallet from the list of options on the left-hand side.

Once you’re on the Spot Wallet page, you’ll need to find the cryptocurrency that you want to transfer from Binance to Coinbase. To do this, simply click on the name of the currency in the list (BTC, ETH, LTC, etc.), and then select Withdraw from the menu that appears.

Step Four: Select the Withdrawal Option

With Coinbase, you can also link a bank account and transfer funds between the two platforms. On Binance, select the “Withdraw” option from the Funds tab. Then, choose the currency you want to withdraw and input either your Coinbase email address or wallet address. Be sure to double check that everything is correct, as there is no way to cancel or reverse a cryptocurrency withdrawal. Finally, confirm the transaction by inputting your 2FA code and clicking “Withdraw.”

Step Five: Enter the Coinbase Wallet Address

After you have successfully logged in to Coinbase, click on the “Accounts” tab. On the next screen, find your BTC Wallet and click “Receive”. A popup will appear with your BTC wallet address. This is the address that you will need to enter into Binance.

Step Six: Verify the Withdrawal

Now that you’ve generated a unique crypto address for your Coinbase account, you’ll need to verify the withdrawal on Binance. Enter the amount of cryptocurrency you’d like to withdraw in the ‘Amount’ field, making sure to include any applicable transaction fees.

Then, enter your Coinbase email address in the ‘Recipient’ field and click ‘Submit.’ A verification email will be sent to your Coinbase account — open it and click on the link to confirm the withdrawal.

PLEASE NOTE: Some cryptocurrencies may require you to verify your withdrawal on both Binance and Coinbase. If this is the case, you will receive two verification emails — one from Binance and one from Coinbase. Be sure to open both emails and click on both links to confirm the withdrawal.

Step Seven: Wait for the Withdrawal to Process

Once you have initiated the withdrawal from Binance, it will take some time for the transaction to process. The amount of time it takes will depend on the cryptocurrency you are withdrawing and the current network conditions. For example, a withdrawal of Bitcoin (BTC) could take anywhere from 10 minutes to an hour to complete. A withdrawal of Ethereum (ETH) could take a few minutes or up to an hour. If you are withdrawing a large amount of cryptocurrency, it is always best to err on the side of caution and expect a longer processing time.

Once the transaction has been processed, the funds should appear in your Coinbase account within a few minutes. You can check the status of your withdrawal by going to the Withdrawal History page on Binance.

Conclusion

In conclusion, transferring crypto from Binance to Coinbase is a relatively simple process. All you need to do is follow the steps outlined in this guide, and you should be able to do it without any problems. If you have any questions, feel free to ask in the comment section below.