How to Transfer Funds from Binance to Coinbase?

Binance and Coinbase are both leading crypto exchanges in the financial space. Hence, today we are going to understand how you can transfer funds from Binance to Coinbase

What is Binance?

However, Binance does not offer its services in the United States, and to access the platform, you’ll have to use a VPN. You can alternatively use its US version, known as Binance.us.

What is Coinbase?

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Coinbase

However, the platform lacks behind in terms of fee composition. And since it charges very high fees, most of the traders use the platform to convert tether or any other asset into FIAT to use the earned returns elsewhere. Therefore, also look into various Coinbase alternatives.

How to transfer funds from Binance to Coinbase?

First of all, you need to go on the Coinbase official website. Create an account there or if you already have one, then log into your account. To dive deep into creating an account at Coinbase, you can read our Coinbase review article. Now go to the prices tab and select any crypto asset that you wish to receive. For instance, you click on bitcoin now hit the receive button located at the bottom of the wallet tab. Once you click the receive button, a wallet address will appear. Now copy the wallet address and head over to Binance. Once you have logged into your Binance account, hover on the wallet section and click on the overview button. Now, you’ll be able to see all the funds you own at Binance. Then click on the Fiat and Spot button. Once you do so, click on the “withdraw” option against the crypto assets you wish to transfer, and in this case, bitcoins.

Binance Wallet

Now paste the address you copied from Coinbase into ‘BTC withdrawal address.’ Remember only to paste the specific wallet address, i.e., for bitcoin, only use the corresponding bitcoin wallet address. Transferring any other crypto-assets will lead to permanent loss of that asset. Now enter the number of bitcoins you wish to withdraw and hit the submit button. After this, you have to complete the two-factor authentication process to complete the transaction. Once the authentication is completed, Binance will transfer the funds to your Coinbase account.

Transferring funds: Precautions

If you are transferring funds for the first time, it is advisable to transfer a small amount first as a test. It is so because you can observe all the nitty-gritty involved in the process and then move ahead with more significant amounts. If you’re transferring an asset other than bitcoin, it is necessary to check its availability on Coinbase. As it has a limited number of crypto assets when compared to Binance. You can record the transaction history or reference number by taking a screenshot. As it will help in the case, there is an issue with your funds. You’ll be able to see the transfer as pending in your account until the exchange completes all the confirmations. It is advisable to contact support if the transfer takes more than 24 hours to complete.

Binance Withdraw

Why use Coinbase?

You can transfer your funds to Coinbase and convert them into FIAT and then transfer these funds to your bank account. Coinbase owns a beginner-friendly and intuitive interface with high security and liquidity. You can quickly deposit FIAT using your credit cards, debit cards, or PayPal. Then you can use it to buy tether/ bitcoin and transfer it to a platform such as Bybit, Binance, or the platform you use for trading. The platform gifts you some chunks of crypto for learning about them, and that too for zero cost. You can grab this opportunity by learning with Coinbase earn.

Coinbase stats

Transferring funds from Binance to Coinbase: Pros and Cons

Conclusion

Frequently Asked Questions

How to use Binance in the USA?

Is Coinbase better than Binance?

Is Binance good for beginners?

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