If you have a Coinbase and a Binance account, you might want to transfer cryptocurrencies between each other.
Transferring a cryptocurrency from one exchange to another is not complicated.
All you have to do is to copy your wallet address of the cryptocurrency that you want to receive.
Then, paste the wallet address in the exchange that you want to send it to.
For example, if you’re trying to transfer Bitcoin from Coinbase to Binance, you need to copy your Bitcoin wallet address on Binance.
Then, send the Bitcoin on Coinbase to Binance by navigating to “Send” and pasting the wallet address on the “To” field.
The transfer time is usually very quick, but it may be delayed depending on the network.
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In this guide, you’ll learn how to transfer crypto from Coinbase to Binance.
How to transfer crypto from Coinbase to Binance
To transfer crypto from Coinbase to Binance, you first need to copy your cryptocurrency’s wallet address on Binance.
Then, send the crypto by clicking on “Send/Receive” on Coinbase and paste the wallet address on the “To” field.
For example, if you want to send Bitcoin from Coinbase to Binance, you need to copy your Bitcoin wallet address on Binance.
Then, paste your Bitcoin wallet address on the “Send/Recieve” pop-up on Coinbase on the “To” field.
Next, click on “Continue” followed by “Send now”.
Before you click on “Continue”, Coinbase will display the estimated time of the transaction.
For example, if the transaction takes 30 minutes, Coinbase will display “est. about 30 minutes”.
At times, the transaction may be delayed because of network congestion.
Here’s how you can transfer crypto from Coinbase to Binance:
- Go to your “Fiat and Spot” wallet on Binance
- Search for the crypto & click on “Deposit”
- Copy the coin’s address
- Go to Coinbase & click on “Send/Receive”
- Paste your coin’s wallet address from Binance
- Click on “Send now”
1. Go to your “Fiat and Spot” wallet on Binance
The first step is to navigate to the “Fiat and Spot” page on Binance.
Firstly, go to the Binance website and click on “Log In”.
Then, enter your login details and log in to your Binance account.
After you’ve logged in, you’ll land on the homepage of the exchange.
On the homepage, you’ll see a “Wallet” and an “Orders” tab on the top navigation bar.
Click on “Wallet” to expand the wallet tab.
After you’ve clicked on “Wallet”, a navigation menu will open.
On the navigation menu, click on “Fiat and spot” to go to your fiat and spot wallet.
2. Search for the crypto & click on “Deposit”
Once you’ve clicked on “Fiat and spot”, you’ll land on your fiat and spot wallet.
The fiat and spot wallet is where you can deposit or withdraw fiat and cryptocurrencies.
On the page, you’ll see a list of cryptocurrencies and how much of each you own.
You can buy, deposit, withdraw, and trade cryptocurrencies.
On the list, you need to navigate to the cryptocurrency that you want to deposit.
To do so, search for the cryptocurrency on the “Search Coin” search bar.
For example, if you want to deposit Bitcoin, search for Bitcoin.
Then, on the Bitcoin tab, click on “Deposit”.
On the other hand, if you want to deposit Ethereum, search for Ethereum and click on “Deposit”.
3. Copy the coin’s address
After you’ve clicked on “Deposit” on the cryptocurrency that you want to deposit, you’ll land on the cryptocurrency’s wallet.
For example, if you’ve clicked “Deposit” on Bitcoin, you’ll land on your Bitcoin wallet.
Under the “Coin” header, you’ll see a dropdown box displaying the cryptocurrency that you’ve selected.
Make sure to change the “Coin” dropdown box to the cryptocurrency that you want to deposit.
If you’re depositing Bitcoin, the “Coin” dropdown box should be “BTC Bitcoin”.
On the right of the page, you’ll see your cryptocurrency’s wallet address on the “Address” field.
If you’ve selected Bitcoin, you’ll see your Bitcoin wallet address.
Highlight the address and copy it.
You can also click on the duplicate icon to copy your address.
4. Go to Coinbase & click on “Send/Receive”
After you’ve copied the cryptocurrency’s wallet address that you want to deposit on Binance, you need to go to Coinbase.
Firstly, go to the Coinbase website and log in to your account.
Once you’ve logged in to the Coinbase website, you’ll land on the homepage.
On the homepage, you’ll see a “Buy/Sell” and a “Send/Receive” button.
The “Buy/Sell” button allows you to buy and sell cryptocurrencies on Coinbase.
On the other hand, the “Send/Receive” button allows you to send or receive cryptocurrencies.
Since you’re looking to send crypto to Binance, click on “Send/Receive”.
5. Paste your coin’s wallet address from Binance
After you’ve clicked on “Send/Receive”, a “Send/Receive” pop-up will open.
On the pop-up, make sure that you’re on the “Send” tab.
There are some fields that you have to complete to send crypto.
Firstly, enter the amount of crypto that you want to send to Binance.
For example, if you want to send $10 worth of Bitcoin, enter “$10”.
Next, you need to provide the address of the cryptocurrency that you want to send.
This can be done in the third step.
Paste the cryptocurrency’s address that you’ve copied from the third step on the “To” field.
Lastly, you need to select the cryptocurrency that you want to send.
To do so, click on the “Pay with” field and select the cryptocurrency that you want to send.
For example, if you want to send Bitcoin, you need to select “Bitcoin” on the “Pay with” field.
Once you’re done, click on “Continue” to continue with the transaction.
6. Click on “Send now”
After you’ve clicked on “Continue”, you’ll land on the transaction overview.
On the transaction overview, you’ll see the amount of cryptocurrency that you’re sending to Binance.
You’ll also see the Coinbase fee, Network fee, Total, and the estimated time of the transaction.
Before you click on “Send now”, make sure to review that all the information is correct.
If everything is correct, click on “Send now” to send the cryptocurrency to Binance.
The transaction will usually take up to 30 minutes to complete.
However, it may be delayed if there is network congestion.
Congrats, you’ve successfully transferred crypto from Coinbase to Binance!
Conclusion
Transferring cryptocurrencies from one exchange to another is usually quick and painless.
In a nutshell, you need to copy the cryptocurrency’s wallet address that you want to receive and paste it on the other exchange’s withdrawal or sending page.
Then, it’ll usually take a few minutes for the transfer to be completed.
However, you need to expect delays as network issues are very common.
In rare cases, it may take several hours for the transfer to be completed.
If your transfer is still processing after several hours, you can contact your exchange for assistance.
Further Reading
How Long Does a Binance Withdrawal Take?
