If you are someone who wants to exchange your crypto assets from Binance to Coinbase and you are wondering about the process, read on.
With crypto gaining popularity even in remote places on Earth, everyone wants to get their hands on digital assets. Most likely, you must be one of them and have signed up with some of the largest and most popular crypto exchanges such as Binance and Coinbase.
Now, if you are someone who is considering moving your money between Binance and Coinbase and not sure where to start, you’ve come to the right place. If you are bored with one of the platforms or just want to change your trading experience, read on to learn how to seamlessly transfer assets between them.
Easily transfer money from Binance to Coinbase in a few steps
For the users who have already set up their account, skip the login process and open your account:
- Navigate to your Coinbase account and click ‘Send/Receive’.
- Select the asset you would like to receive into your Coinbase account by clicking “Receive”.
- Copy your deposit address that popped up.
- Go to Binance and navigate to “Fiat and Spot”.
- Click on ‘Record’. Here you need to select the asset you want to transfer to Coinbase. Also make sure to note whether the asset is supported or listed on Coinbase.
- Now paste the address you copied from Coinbase and choose the blockchain. (BEP2 is not supported by Coinbase)
- Select the amount of the asset you want to withdraw and complete the security verification to confirm the withdrawal.
Sounds easy right? Well, it considers the simple steps and your assets will be transferred to Coinbase in a while. Details on the fees for each withdrawal vary and can be obtained from Binance during the process.
Now the transfer can be done in a jiffy or even take up to 24 hours. If your transfer is having problems, please contact customer service for clarification.
While the transfer process is simple, there are a few things to double check. Be sure to double check your address. If you mistype your address, keep in mind that your money will be lost. To make sure everything is perfect, transfer a small amount before transferring a lump sum in one go. Always be responsible for the safety of your money.