This will open up a new dialogue box with options for sending and receiving cryptoassets. Once you have confirmed that Coinbase and Binance both support the cryptoasset you wish to transfer, click the “Send / Receive” button in the upper right-hand corner. Stick to the most popular coins when transferring assets between exchanges, even if it means converting prior to the transfer. While both Coinbase and Binance offer a robust selection of cryptoassets, not all coins are available on both platforms.
Key Step: Make sure to confirm that Coinbase has the asset you wish to transfer. Here, select the asset you wish to have transferred to your Binance account.įor instance, you can click on Bitcoin and be taken to Coinbase’s overview page for Bitcoin, which includes price data and market information. To start with, go to your Coinbase Dashboard and select the assets tab, where you have an overview of all of your cryptoassets on the exchange. Once an account has been established on both Coinbase and Binance, you must select the wallet and cryptoasset you wish to send and receive.
2FA can be set up on a smartphone app and makes logging into accounts and transferring assets a more secure process by requiring a second verification. Unverified accounts on Binance will have limited trading activity and withdrawals, and is therefore generally not recommended unless a user wants to simply get a taste for trading without all of the hoops and hurdles.īoth exchanges will likely ask you for a two-factor authentication (2FA) setup for added security. The process for registering for both Coinbase and Binance is straightforward, with both exchanges making it simple for users to get started.ĭepending upon the region, Coinbase or Bimay require the user to provide more in-depth identifying information in order to comply with local laws. Users must make sure prior to transferring crypto that they have an active account on both Binance and Coinbase, with corresponding wallets that they can send and receive assets from. Step 1: Have An Active Account on Both Exchanges Thankfully, the process of sending crypto between the two is straightforward. Geographic limits may, for example, keep users from taking advantage of lucrative opportunities in the services offered by either exchange. Other users may simply find themselves looking for a change or wanting to spread their assets out across multiple exchanges. In addition, Coinbase has certain wallet features and custody options, available to select clients, that users may find attractive over Binance. Depending upon the region/country that the investor lives in, Coinbase may provide a more suitable exchange, particularly if a user’s bank does not allow for payments with Binance. Why Transfer from Binance to Coinbase?īoth Binance and Coinbase offer investors the ability to buy, sell and transfer cryptoassets, but their selection of coins can vary.
Keep in mind, however, some experts advise users to first move funds to a wallet under their control so they have more direct blockchain data to provide exchange in case anything goes wrong. Transferring assets from one cryptocurrency trading platform to another isn’t complicated and can be done directly. While Binance and Coinbase are two of the most popular and user-friendly options available, sometimes users find themselves wanting to transfer crypto from Binance to Coinbase and vice-versa. Many crypto investors use more than one exchange to satisfy their trading needs.
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