How To Transfer Crypto From Binance To Coinbase In 2024

Do you have some crypto assets on Binance that you wish to transfer to Coinbase? Maybe you want to trade, invest, spend, or store your coins on a different platform. Or maybe you just want to try something new. Whatever your reason, sending your crypto from one place to another can be tricky. There are so many things to consider, such as platforms, wallets, networks, fees, and security.

Don’t worry, we’ve got you covered. In this article, we will show you how to transfer crypto from Binance to Coinbase in six easy steps. We will also give you some tips and tricks to make your crypto trading smoother, faster, cheaper, safer, and more fun.

How to Send Crypto from Binance to Coinbase: 6 Easy Steps

Before you start transferring your crypto from Binance to Coinbase, you need to have an account on both trading platforms. If you don’t have one yet, go ahead and sign up. It’s quick and easy. You can also read our guide for Binance exchange review.

Once you have your accounts ready, you can follow these steps to send your cryptocurrency from Binance to Coinbase:

Open the Coinbase app and tap on Receive
Copy the Coinbase wallet address for the coin you want to transfer
Open the Binance app and tap on Wallets
Select the coin you want to send and tap on Withdraw
Paste the Coinbase address and enter the amount to transfer
Confirm the transaction and complete the verification

Step 1: Open the Coinbase app/Exchange and tap on Receive

The first step is to get your Coinbase wallet address for the coin you want to receive. A wallet address is like your bank account number. It tells the blockchain network where to send your coins. You need to use the right wallet network address for the right coin, otherwise, you might lose your money.

To get your Coinbase wallet address, open the Coinbase app or web platform on your phone or laptop and tap on [Receive]. You will see a list of coins that you can receive on Coinbase. Choose the coin that matches the one you want to send from Binance. For example, if you want to send Bitcoin from Binance to Coinbase, choose Bitcoin (BTC) on the Coinbase platform.

Step 2: Copy the Coinbase wallet address for the coin you want to transfer

The second step is to copy your Coinbase wallet address for the coin you want to transfer. You can do this by tapping on [Copy] or by selecting it manually.

Make sure you copy the whole address without any spaces or mistakes. You can also check that it is correct by looking at the QR code or by scanning it with another device.

Step 3: Open the Binance app and tap on Wallets

The third step is to open the Binance crypto exchange app and tap on [Profile > Dashboard ]. This will take you to your Binance wallet, where you can see how much money you have in your Binance account and what coins you own.

Step 4: Select the coin you want to send and tap on Withdraw

Now, select the coin you want to send and tap on [Withdraw]. You will see different options for withdrawing your money, such as crypto, fiat, card, or P2P.

Select [Send via Crypto Network] to send your coin to another wallet address from Binance. This will take you to a screen where you can enter the details of your transaction.

Step 5: Paste the Coinbase address and enter the amount to transfer

The fifth step is to paste the Coinbase address and enter the amount to transfer. You can do this by tapping on the barcode icon and pasting the address you copied in step 2. Or, you can scan the QR code from Coinbase with your camera.

Make sure you paste the right address for the right coin. For example, if you are sending BTC from Binance to Coinbase, make sure you paste the Bitcoin (BTC) address from Coinbase. Do not paste an address for a different coin as this may result in losing your money.

You are almost done! Now you just need to enter how much crypto you want to send and confirm the transaction. You can type the amount in crypto units or in your local currency. You will also see how much network fee you need to pay and the total amount that will be taken from your balance.

Sometimes, Coinbase or other platforms may ask you to add a memo or a note to your transaction. This is an optional piece of information that helps them identify your transaction among many others. But don’t worry, most platforms don’t need a memo for cryptocurrency transfers, so you can skip it unless they tell you otherwise.

Step 6: Confirm the transaction and complete the verification

This is the final step, so pay attention! Before you confirm, make sure you check all the details of your transaction carefully, such as the address, the amount, the fee, and the memo. You also need to verify that the blockchain network is the same on both Binance and Coinbase. If everything looks good, tap on [Withdrawal] and then [Submit].

Now you need to verify your transaction by entering your security code, password, or biometric authentication. You may also get an email or SMS confirmation code that you need to enter. Just follow the instructions on your screen and complete the verification process.

Once you have verified your transaction, you will see a confirmation message and a transaction ID. You can use this ID to track the progress of your transaction on a blockchain explorer, such as blockchain.com explorer for Bitcoin or etherscan.io for Ethereum.

Your transaction will be processed by the network and confirmed by the miners who secure it. Depending on how busy the network is and how much fee you paid, this may take anywhere from a few minutes to a few hours. Once your transaction has enough confirmations, it will show up in your Coinbase wallet balance.

You can also watch this video tutorial:

Tips and Tricks for Secure Crypto Transfers

Tip 1: Check the network fees and choose the best time to transfer
Tip 2: Double-check the wallet address and the asset type before sending
Tip 3: Use a crypto hardware wallet or a cold storage device for extra security
Tip 4: Keep track of your transaction status and history
Tip 5: Be careful of scams and phishing attempts

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FAQs (Binance ⇆ Coinbase)

How long does it take to Transfer crypto from Binance to Coinbase?

The time it takes to transfer from Binance to Coinbase depends on several factors, such as network congestion, network fee, asset type, and platform processing time. Generally speaking, it can take from a few minutes to a few hours for your transaction to be confirmed and reflected in your Coinbase wallet balance.

What is the Binance to Coinbase transfer fees?

The cost of transferring crypto from Binance to Coinbase depends on two types of fees: network fee and platform fee. Binance does not charge any withdrawal fees. And, blockchain network charges vary depending on network congestion. For example, you pay 1 USDT for a Tether transfer, whereas pay around $7-8 USDT for Ethereum (or ERC20) transactions.

Does Coinbase support BEP20 Deposits?

Coinbase does not accept BEP20 and BEP2 tokens. Most of the tokens that Coinbase supports are on the Ethereum or ERC20 network. If you send BEP20 tokens to a Coinbase address, you will lose them and not get them back.

How to transfer from Coinbase to Binance without fees?

You cannot transfer funds from Coinbase to Binance without paying any fees. But you can reduce the fees by choosing a slower speed and using a low-fee currency. For example, you can use Stellar Lumens (XLM) or Ripple (XRP) to move your money from Coinbase to Binance. They have very small network fees and fast speeds.