Tips To Transfer Cryptocurrency From Binance To Coinbase Exchange
Coinbase and Binance are famous Cryptocurrency exchanges. Both platforms have a user-friendly interface and security features, offering an outstanding trading experience. Besides, many cryptocurrency investors use two or three wallets to fulfill their trading requirements. It has become common for traders to need to transfer their digital coins from one wallet to another.
There are many reasons for transferring cryptos from one wallet to another, such as lower transaction fees, storing coins safely for an extended period, etc. Whatever the reason, it is not easy to transfer crypto for beginners. The expert advises the investor to first transfer the money to the crypto wallet in their control. Take a quick look at essential tips on how to transfer from binance to coinbase exchange.
Steps to transfer digital assets from Binance to coinbase
The Binance and Coinbase exchanges have plenty of trading pairs for consumers. No matter what crypto assets you want to move BTC cash, ETH, bitcoin or others, you should be careful to do this procedure.
Receive Coinbase wallet address:
First, you want the crypto wallet address to transfer coins. The wallet address may be an ETH address, BTC address or others. Get the wallet address directly from the receiver.
Signup to the Binance crypto account
If you *** the sending address, you could visit the Binance portal. Signup for your Binance account by entering your username and password.
Note: The crypto wallet address should belong to a similar Cryptocurrency you need to send. It means you need a BTC address to transfer the bitcoin from Binance. You can lose the digital asset permanently if you use the wrong crypto address.
· Transfer money in fiat and spot
After logging in to the crypto account, you should go to the wallet option. Then, choose the fiat and spot section. Now, you can choose withdraw option on the Binance account for fund transactions.
· Paste the receiver address
Whenever you want to transfer BTC or ETH, you must choose to withdraw it. As an alternative, choose the digital asset you would like to move. The Binance and Coinbase wallet addresses must be the same. It prevents you from entering the wrong information.
· Verify the transaction details twice
The money is permanently lost if you choose the wrong network, incorrect details, and wrong wallet address. Make sure everything is ready before proceeding. Many digital currencies are easy to transfer from the Binance platform to Coinbase.
Before transferring Cryptocurrency, you should ensure critical things, such as a withdrawal address, two-factor authentication, and withdrawal amount. Binance and Coinbase allow digital assets to be transferred within thirty minutes. The process can take longer if there is a high amount of traffic on the network. Please get in touch with the crypto exchange support team if it takes longer than one day for your request to be processed.
Coinbase is the centralized exchange that supports many Cryptocurrencies. The new trader can quickly transfer the Cryptocurrency to Coinbase from the Binance exchange by using the earlier tips. In addition, Coinbase is the perfect choice to store digital assets for the long-term and access coins whenever you want and you can contact also cryptocustomercare