Do you no longer use the Binance exchange?
Or are you looking to send cryptocurrencies from Binance to a Coinbase account?
At Binance, you can send cryptocurrencies to any exchange (not just another Binance account).
However, the cryptographic address of the recipient is required.
For example, if you’re looking to send Bitcoins, you need the recipient’s Bitcoin address.
Once you have the recipient’s Bitcoin address, you will be able to send Bitcoins to them.
In this guide, you will learn how to send cryptocurrencies from Binance to Coinbase such as Bitcoin, Ethereum, or other cryptocurrencies.
Get started on Binance here: https://www.binance.com/en/register?ref=73583477 or use “73583477” as your reference code.
Get a Bitcoin bonus of $10 USD on Coinbase: https://www.coinbase.com/join/lim_di1.
How to send cryptocurrencies from Binance to Coinbase
To send cryptocurrencies from Binance to Coinbase, you need to go to the receive page on Coinbase.
Secondly, copy the cryptographic address you wish to receive.
Thirdly, log in to Binance and go to the encryption you want to send.
Finally, send the cryptocurrency to Coinbase by pasting the recipient’s address.
The transaction will typically take 30 to 60 minutes to complete.
However, if there is network congestion, it can take more than 60 minutes to complete.
You can check the withdrawal status by going to the “Transaction History” page on Binance.
Here’s how to send cryptocurrencies from Binance to Coinbase:
1. Click on “Send/Receive” on Coinbase
The first step is to move to the receive page on Coinbase.
First, open the desktop version of Coinbase (coinbase.com) and log in to your account.
You can also use the Coinbase mobile app for this.
For the purposes of this guide, we will use the desktop version of Coinbase instead.
Once you’re on Coinbase, you’ll see a couple of buttons on the header.
This includes “Buy/Sell” and “Send/Receive”.
Since you are looking to receive cryptocurrencies, click “Send/Receive”.
If the recipient is not you, you need to ask them to click “Send/Receive”.
2. Copy the cryptographic address you wish to receive
After you or the recipient click “Send/Receive”, a pop-up will open.
By default, you will be in the “Send” tab.
First, click “Receive” to open the “Receive” tab.
You will now see a QR code, the resource and the address of the resource.
Secondly, you need to select the cryptocurrency you want to receive.
You can do this by clicking on the “Assets” option and selecting the encryption you wish to receive.
For example, if you want to receive Bitcoins, click “Assets” and click “Bitcoin”.
After selecting the cryptocurrency you wish to receive, you will see its address below it.
For example, if you selected “Bitcoin”, you will see your BTC address.
Click on the duplicate icon to copy your crypto address (e.g. BTC) and proceed to the next step.
If you are not the recipient, you need to ask them to copy their crypto address by following the steps above.
3. Switch to the encryption you want to send on Binance
After copying the crypto address (e.g. Bitcoin) from Coinbase, you will be able to send Bitcoins to it.
First, go to binance.com and log in to your account.
You can also use the Binance mobile app for this.
For the purposes of this guide, we will be using the desktop version of Binance.
Once you are on Binance, click “Wallet” in the header.
This will open a list of options including “Overview”, “Fiat and Spot” and “Margin”.
Click on “Fiat and Spot” to go to your fiat and spot wallet.
On your fiat and spot wallet, you will see the balances of the cryptocurrencies you own.
Finally, you need to navigate to the encryption you want to send to Coinbase.
For example, if you want to send Bitcoins, click “Withdrawal” next to Bitcoin.
4. Send your cryptocurrency from Binance to Coinbase
After clicking “Withdraw” on the cryptocurrency you want to send to Coinbase, you will land on the withdrawal page
On the withdrawal page, you will see a couple of boxes and drop-down fields.
This includes “Currency”, “Address”, “Network” and “Amount”.
There are 4 steps for the withdrawal process.
This includes initiating a withdrawal, obtaining the address, waiting for network confirmation, and a successful deposit.
First, you need to select the cryptocurrency you want to send to Coinbase in the “Coin” drop-down box.
For example, if you want to send Bitcoins, click the “Coin” drop-down box and select “Bitcoin”.
Secondly, you need to paste the recipient address that you copied from the second step.
For example, if you are sending Bitcoins, you need to paste the recipient’s Bitcoin address from Coinbase.
Thirdly, you need to select the correct network.
For example, if you are sending Bitcoins, the right network is “Bitcoin”.
On the other hand, if you are sending Ethereum, the right network is “ERC20”.
Fourth, enter the amount of cryptocurrency you want to send in the “Amount” field.
Finally, click “Withdraw” to send the cryptocurrency from Binance to Coinbase!
Keep in mind that you’ll need to complete a security verification to send the encryption.
This includes a mobile device, email, or Google authenticator.
The withdrawal process will typically take 30 to 60 minutes to complete.
Keep in mind that crypto transactions cannot be reversed.
So, before you send any cryptocurrency to someone, be sure to make a trial deposit first.
This is especially important if you are making a large deposit.
For example, if you are sending 0.1 Bitcoin to someone, you should first send them 0.01 Bitcoin.
Once the deposit is successful, you can send them the remaining 0.09 Bitcoins.
This will ensure that you are sending it to the right address.
Although crypto withdrawals typically take 30 to 60 minutes to complete, they can take longer due to network congestion.
So, if the deposit is not successful, do not panic, it is usually because the network is congested.