The world of cryptocurrency is indeed very mesmerizing. Once you start to study the various nuances of crypto, you gradually begin to understand its power. If you want to try your hands on crypto, you will need to use an application to facilitate the transactions you wish to make.
Binance and Coinbase are one of the top crypto trading and exchange platforms in 2021. This article will answer your most obvious questions on how to transfer from Coinbase to Binance and how to transfer from Binance to Coinbase.
Beginner’s Guide: How to Transfer from Binance to Coinbase
Coinbase
Coinbase was launched in the year 2012 by two leading members Brian Armstrong and Fred Ashram. Ever since then, it has been providing seamless services to all crypto enthusiasts. If you want to be welcomed with a safe, secure, and easy-to-use platform with a great UI/Ux design, then Coinbase should be your go-to app for all your crypto transactions: buying and selling! If you want to sync all your transactions and ensure a steady place for your coins, then you can also sign up for the Coinbase wallet.
Coinbase uses bank-level AES-256 encryption on its servers, which is one of the safest encryption modules. If you have been wondering the most frequently asked question about how to transfer from Coinbase to Binance, then don’t worry; we have got all the answers for you. If you want to know more about it, go to Coinbase review.
Binance
Binance is another crypto exchange platform that was founded in 2017. With its headquarters in the Cayman Islands- a crypto-friendly nation, Binance gets a great deal of opportunity and freedom for the business deals, policies, and strategies. Binance is currently the largest crypto trading platform globally concerning its trade volume estimated to be about 2.4 bn in a day, and 14,00,000 + recorded transactions every second. It has carried out ISO/ICO_27001:2013 and CCSS security conventions and uses an SMS two-factor confirmation framework and Google Authenticator for withdrawal check and security changes.
The best thing about Binance is that it has been moving and updating itself with time as per the requirements of its users. From creating their very own blockchain, better known as Binance Chain, to offering De-Fi and NFT, there is already so much and more to come. We are going to dwell on the most important aspect of how to transfer from Binance to Coinbase in the next paragraph. On our site you can also find a full Binance review.
How to Transfer from Binance to Coinbase: Steps
Before you get into the main agenda of transferring funds from one exchange to the other, you need to make sure that you have created both the accounts and completed all the required security aspects of the programs. Once you are done with everything, you can proceed with the next steps as mentioned below to know how to transfer from Binance to Coinbase.
Step 1.
After you have logged in to the Coinbase account, you have to click on the prices tab, then select the asset which you wish to receive.
Step 2.
Then on the bottom tab, click on the wallet and select the same crypto asset that you selected from the prices tab.
Step 3.
After you have selected your crypto asset, you will be presented with a wallet address. Then copy the wallet address and head over to Binance.
Step 4.
Log in to your Binance account, then look for the ‘overview’ button so that you can see the funds that you have in your Binance account.
Step 5.
Then, click on the Fiat and Spot option, select your desired coin, and then hit ‘withdraw.’
Step 6.
Finally, paste the wallet address that you copied from Coinbase on your desired wallet address. Make sure that you select the exact same crypto; otherwise, you will lose your funds.
Step 7.
Enter the number of coins that you wish to withdraw and submit.
Step 8.
Lastly, you will be asked to complete the 2FA on Binance; once done, the funds will be transferred to your account.
Pros and Cons
Before we complete the article on how to transfer from Binance to Coinbase, we would like to cover the pros and cons of both the exchange platforms for you to choose.
ProsConsSecure, 2FA ProcessTransaction process is complicated because there are multiple stepsInstant transferLengthy processMany coin optionsA lot of time, you don’t get similar coins to facilitate a transferAccurate transfersWrong address can make you risk fundsEasy UIHigh transfer fees
Other Alternatives
There are a lot of other platforms using which you can transfer the crypto coins, so if you already have an account with any of the mentioned platforms. Then you can easily transfer funds from one place to the other — for example, eToro, CashApp, Kraken, Bisq, Bittrex and a few more. The transfer fees vary from platform to platform, so make sure that you do your research before you head onto the entire process of transferring your funds.
Final Notes
Although the process is quite a bit lengthy, if you want a quick fix on how to transfer from Coinbase to Binance or the other way round, with time, you will get used to the steps. So, if you are on the lookout for a platform that is safe to use, and offers a lot of options for transferring multiple crypto coins with the speed of instant transactions, then you can simply go for these two websites.
