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How to Transfer Cryptocurrency from Coinbase to Binance

How to Transfer Cryptocurrency from Coinbase to Binance, on our information site, we wanted to give information about the How to Transfer Cryptocurrency from Coinbase to Binance. All the details about the How to Transfer Cryptocurrency from Coinbase to Binance are in our article.

How to Transfer Cryptocurrency from Coinbase to Binance

Most of the Cryptocurrency users these days have accounts on both the platforms of Coinbase and Binance. It is just like having two wallets. As you would want to transfer money from one wallet to another as and when required, you might also want to transfer cryptocurrency from one exchange to another exchange.

transfer cryptocurrency from coinbase to binancetransfer cryptocurrency from coinbase to binance

In a nutshell, it is a simple copy-paste action. But it is not as simple and smooth as it might sound to be. You have to copy the address of the cryptocurrency exchange from which you want to receive the currency and paste it on the exchange where you want to receive the currency. The time taken for the completion of this action is usually super fast but if you have a poor network connection, things might not be as swift

As of now, we shall be discussing how you can transfer any cryptocurrency that lies in your Coinbase account to your Binance account.

To transfer cryptocurrency from your Coinbase exchange to Binance exchange, you need to copy the address of your cryptocurrency wallet on Binance.

Now to send the cryptocurrency click on the “Send” option on the Coinbase platform and fill the “To” field appropriately. That is all. If you feel this was too short a tutorial for you, let us dive a bit deeper with details of the steps.

Just get started on Binance here: https://accounts.binance.com/en-IN/register?ref=15888997 or you can also enter 15888997 in the referral code section.

Contents
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How to Transfer Cryptocurrency from Coinbase to Binance

Step 1: Create Your Accounts
Step 2: Fund Your Account
Step 3: Deposit Cryptocurrency
Step 4: Create Binance Account
Step 5: Select Currency You Want to Transfer
Step 6: Transfer from Coinbase

How to Transfer Cryptocurrency from Coinbase to Binance

Step 1: Create Your Accounts

Let us start over with the assumption that you don’t have an account. What you need to know is that, Coinbase is such a secure platform, that there is zero opportunity for anonymous trading here. To open an account on this exchange platform, you must fill in the application that should contain true personal details as the ID and other details will be verified by Government. Once the identity gets verified, your account will be activated. It is a fair and simple process and does not involve many complications apart from the fact that the verification details have to be absolutely true.

Step 2: Fund Your Account

You have successfully opened the account, you have to choose a method for deposition in your account. You can choose two methods for funding your Coinbase account. Either go for a direct bank transfer the drawback of which is the slow speed. Or go for the better option that is transferred via a credit or debit card. The latter has the disadvantage of high processing fees. If money is what matters to you, go for the bank transfer method whereas if you are running short of time, go for the card transfer.

Step 3: Deposit Cryptocurrency

Now let us assume that the money has already been funded to your account by either of the mentioned processes and now your account is happily fat to go on. The digital wallet of Coinbase will store the cryptocurrency for you. In the beginning, you have to select the target currency, and based on that it is the Coinbase platform that shall assign you a perfectly matching wallet. So, now you can easily go on buying cryptocurrency, storing them, and transferring them. All of it is smooth, easy, and hassle-free only with a bit of knowledge.

Step 4: Create Binance Account

Let us now quickly have a glance at the Binance platform. First, create an account on the Binance platform, the process being similar to what you did on Coinbase. Binance unlike Coinbase offers an option to facilitate anonymous trading. In this option, you can get started without getting your account verified. However, this method is definitely not recommended. It is always better to go for creating a proper validated regular account that will allow enjoying all the benefits of Binance.

Step 5: Select Currency You Want to Transfer

Now, go to the “Deposit” tab of the Binance exchange platform. You will get an option to select the cryptocurrency that you would like to transfer. As soon as you select, Binance will auto-generate a wallet address that will be completely encrypted. You have to copy this encrypted address carefully and move to the Coinbase platform.

Step 6: Transfer from Coinbase

Now similar to how you chose the cryptocurrency in Binance, here too choose the cryptocurrency you want to transfer. Now select the “Send” option and you will instantly receive a tab where Coinbase will ask you to enter the “Recipient address”. All you have to do is paste the same wallet address of Binance that you had copied initially on that platform. Paste the address carefully without making any mistakes. It is a currency transfer after all and you must be extra careful. After you have done that, select the “Continue” option and the forward request will be sent.

Also Read:

  • How to Withdraw Money From Binance to Bank Account
  • How to Create Binance Account

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