If you are someone looking to flip your crypto assets from Binance to Coinbase and are puzzled about the process, read ahead.
With crypto growing in popularity among even the remote places on earth, everyone wants to get their hands on digital assets. Most probably, you must be one among those and signed up on some of the largest and most popular crypto exchanges like Binance and Coinbase.
Now, if you are someone who is thinking of moving your funds between Binance and Coinbase and is quite unsure how to begin, you stumbled upon the right place. If it is that you’re bored with any of the one platforms or just want to switch up your trading experience, read ahead to know how you can seamlessly transfer assets between them.
Easily transfer funds from Binance to Coinbase in a few steps
For the users who already have their accounts set up, skip the sign-up process and open your account:
- Navigate to your Coinbase account and click on “Send/Receive.”
- Select the asset that you want to receive on your Coinbase account by clicking on “Receive.”
- Copy your deposit address that popped up.
- Go to Binance and navigate to “Fiat and Spot.”
- Click on “Withdraw.” Here you must select the asset that you want to transfer to Coinbase. Also, make sure to note whether the asset is supported or listed on Coinbase.
- Now paste the address that you copied from Coinbase and choose the blockchain. (BEP2 is not supported by Coinbase)
- Select the amount of the asset that you want to withdraw and complete the security verification to confirm the withdrawal.
Sounds easy right? Well, it is considering the easy steps and your assets will be transferred to Coinbase in some time. Details regarding the fees for each withdrawal vary and can be acquired from Binance during the process.
Now, the transfer might be done in a jiffy or might even take up to 24 hours. If your transfer is facing any difficulties, you can contact customer care for any clarifications.
Even though the transfer process is simple, there are a few things that should be double-checked. Make sure to double-check your address. If you wrongly type your address, consider that your funds will be lost. Just to make sure that everything is perfect, transfer a small amount at first before transferring a lumpsum amount at once. Always be responsible for the safety of your funds.