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I will walk you through all the steps you need to take, and there will be photos of every step so that you can’t miss it.
About Binance and Coinbase
Before we head into the step by step guide, I think it’s worth mentioning a bit about Binance and Coinbase. They are both cryptocurrency exchanges. It is at crypto exchanges that you can buy and sell cryptocurrencies.
They all pretty much work in a similar fashion. What differs is the cryptocurrencies that you can buy and sell, the trading fees and then how they look.
But it’s encouraging to know that when you have learned how to use one crypto exchange (which you will after this guide), then you will know how to use the rest of them too.
Transfer cryptos from Coinbase to Binance summary:
- Sign in / get started at Coinbase
- Open the accounts page
- Select the cryptocurrency you want to send
- Go to Binance and copy the address you are transferring to (deposit)
- Go back to Coinbase, paste the address to make the transaction to Binance
How to transfer from Coinbase to Binance in 4 easy steps
Ok, let me walk you through the five easy to follow steps for transferring BTC, ETH or any other cryptocurrency from Coinbase to Binance.
The first step is to sign-in/register at Coinbase…
Step 1: Sign-in / Get Started via Coinbase’s website
If you already have an account with Coinbase then proceed to log in and you can head down to step 3 in this guide.
If you don’t have an account for Coinbase click on ‘Get Started’ on their website.
Opening a Coinbase account
Click on ‘Get Started’ to open an account with Coinbase.
Coinbase will also ask if you want to receive personalised email updates.
Proceed through all these steps and then Coinbase will send you an email with a link that you need to open and verify.
After you have verified and logged in you should set up a 2F-Authentication (phone number) with Coinbase to secure your account. When you have signed up you can easily buy cryptocurrencies at Coinbase using a wire transfer (bank transfer) or via a debit or credit card. Debit and credit card is faster.
Step 2: Copy the Binance address
Ok, so you need to copy the address at Binance that you want to transfer to.
So go to your Binance account (log in / register). And now you need to copy the address of the cryptocurrency you want to send from Coinbase to Binance. You do this via your Binance wallet.
Go to your Wallet —> Spot Wallet —> Deposit
And then you will see the address of the cryptocurrency you are sending to – here in this example Bitcoin’s address at my Binance account – copy this address
Step 3: Go back to Coinbase and initiate the transfer
Ok, now you’ve copied the address at Binance that you want to send to, so head back to Coinbase and then click on the Send button in the top menu.
Then you select the cryptocurrency you want to send – paste in the address and add the amount you want to transfer and then any note you want to include with the transaction.
- You can also click on portfolio and then the cryptocurrency you want to send (Portfolio –> Bitcoin –> Send, etc)
The process of sending and receiving cryptocurrencies to and from Coinbase works the same for every cryptocurrency. But it is extremely important that you only send Bitcoin (BTC) to another Bitcoin wallet.
The same goes for ETH, LTC, XRP, for every cryptocurrency. Otherwise, you might lose them.
Step 4: Complete the transfer from Coinbase to Binance
Ok, now it is just a matter of completing the transfer. Make sure the address is correct and the amount and then proceed to the next steps which is to add your 2FA code to confirm the transaction.
After that you will see a confirmation if the transaction was successful. And you will also receive an email in your Coinbase linked email inbox to verify the transaction.
The email will also contain a link to a block explorer so that you can follow your transaction in transit.
Check your Binance account to follow your transaction (deposit)
If you want to see the transaction from your Binance account then you can see the transaction being in transit (processing) and then when it has been confirmed, and then the funds will be added to your account.
To do this simply head over back to Binance and then click on Wallet –> Spot Wallet –> Deposit & Withdrawal History.
In here you will see all your deposits to Binance, including the one from Coinbase.
Useful tips about transferring cryptos from Coinbase to Binance
1 ) Use Coinbase Pro to save on fees!
Did you know that you could deposit funds to Coinbase from your bank but then buy Bitcoin, Ether or another cryptocurrency from Coinbase Pro? By buying it at Coinbase Pro you will save on fees.
Learn more about the difference between Coinbase and Coinbase Pro here
2 ) Coinbase is great for depositing and withdrawing Fiat currencies
Coinbase is known in the crypto space for a being an easy-to-use site. It is very user-friendly, and they have a lot of payment options available.
That makes them an interesting place for depositing fiat money from your bank, buying crypto with a bank card, and withdrawing funds.
I are sure that by the end of this guide you will feel more than comfortable enough knowing how to transfer Bitcoin, Ether, Ripple, etc from Coinbase to Binance.
But If you are still unsure about anything then please ask us. I am always here to help you if you want.
Sending cryptocurrencies from one cryptocurrency exchange to another, or from one wallet to another works the same for pretty much all of them. So by following this guide, you will know how to use, and send cryptos from not only Coinbase and Binance but all of them.
I hope that you found the guide helpful, and best of luck!
Other popular guides
- How To Use Bitcoin ATM Guide
- The easiest way to buy Bitcoin
- The best Bitcoin and cryptocurrency wallets
- How to Sell Bitcoin for cash – ‘cash out BTC’
- Guide on how to trade on Binance
Hello and welcome to Go Cryptowise.
My name is Per Englund and I’m a long-term fan and investor of Bitcoin and other cryptocurrencies. I’ve been around the space for a good few years, learning how it all works and to be a part of this engaging community.
Now it’s time for me to share my experience with others. I am also a business and product developer so I know first-hand what it takes to create a successful product, brand and customer experience.
And I am bringing this vision to my writing and how Go CryptoWise work.
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