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We 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, we 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. From Bitcoin to Ether, Litecoin, Ripple to many other coins and tokens.
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 5 easy steps
Ok, let me walk you through the five easy to follow steps for transferring any 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: Open the Accounts page
After you have logged in you should click on ‘Accounts‘ in the top menu bar. And after clicking on Accounts you will see all the cryptocurrencies available on Coinbase, and your USD, EUR, GBP, etc wallet.
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 3: Select the crypto you want to transfer from Coinbase to Binance
Click on the cryptocurrency you want to transfer from Coinbase to Binance (we will use Bitcoin in this example).
So if you wanted to send Bitcoin (BTC) you would select it from the list of cryptocurrencies available, and then click on ‘Send‘ (that button will be greyed out if you don’t have any funds in your account).
Step 4: Copy the address at Binance you want to transfer to
You need to have the address from your Binance account in order to send your funds from Coinbase to Binance. If you don’t have an account keep reading, if you already have an account with Binance jump straight to step 6.
To get started with Binance head over to their website. And click on ‘Register‘.
The process of registering at Binance is very similar to Coinbase. Proceed to fill in your personal information.
In this example guide, we are using Bitcoin to highlight the steps of transferring any cryptocurrency from Coinbase to Binance.
When you have logged in at Binance click on ‘Wallet‘ in the top-right menu bar, and then select ‘Exchange Wallet (Deposit & Withdraw)‘.
After that click on ‘Deposit‘ and then select Bitcoin if it’s not already selected.
After that, you will see your Bitcoin address to the right, copy this address and head back over to Coinbase again.
Step 5: Make the transfer from Coinbase to Binance
Finally, we have come to the final step of this guide on how to send cryptocurrencies to Binance from Coinbase.
Now in your ‘Accounts’ page click on ‘Send’ from your Bitcoin wallet. There will be a pop-up alert notifying you to only send Bitcoin (BTC) from this wallet – click on ‘Show Address’ to continue.
Paste the address that you had just copied from Binance in the field that says ‘Enter a BTC address‘. Select the amount and if you want to add a message. If not click on ‘Continue‘.
And then you will receive a message with a code from Coinbase if you have registered it for your 2F-Authentication device. Enter the code in and click on ‘Confirm‘.
That’s it. You’ve done it. The process of transfer Bitcoin from Coinbase to Binance would be the same for Ether, Ripple, Litecoin, Tezos, Bitcoin Cash or any other coin that Coinbase has.
And as we mentioned earlier now that you have learned how to send cryptos from Coinbase to Binance, but the process is the same for every exchange and wallet. So now you know one of the first and most important steps for beginners to know when dealing with cryptocurrencies.
Because sending cryptos to and from different exchanges and wallets works pretty much in the same way.
NOTE: Please make sure that you have copied the address correctly. Double-check at Binance again if you are not sure.
You can also follow the transaction in a blockchain explorer like blockchain.info. From the menu of your accounts, you can find your transaction from Coinbase. So that you can click on the link and see if it has been confirmed and sent yet or if it is still in transit.
After six transactions the transaction will be complete. And then you can log in to your Binance account and find your newly received BTC funds by going to; wallet –> balance –> Bitcoin / BTC.
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
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 funds from your bank, buying crypto with a bank card and withdrawing funds.
We 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. We are 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.
We hope that you found the guide helpful, and best of luck!
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Per Englund – Founder of Go CryptoWise a cryptocurrency and tech fan that want to see better and smarter products and services that make our lives better and easier