How to Transfer from Coinbase to Binance in 5 Steps

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Transferring cryptocurrency from one exchange to another is a common task for traders and investors looking to access more trading pairs, lower fees, or advanced features. One of the most frequent transfers users make is from Coinbase to Binance, two of the largest and most trusted platforms in the crypto space.

While Coinbase is known for its beginner-friendly interface and strong security, it offers a limited selection of cryptocurrencies. Binance, on the other hand, provides access to hundreds of digital assets, advanced trading tools, and competitive fee structures—making it a preferred choice for more active traders.

If you're ready to move your funds from Coinbase to Binance, this step-by-step guide will walk you through the entire process with clarity and confidence.

Why Transfer from Coinbase to Binance?

Before diving into the steps, it's important to understand why so many users choose to transfer their crypto from Coinbase to Binance.

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Step-by-Step: How to Transfer from Coinbase to Binance

Follow these five clear and secure steps to successfully transfer your cryptocurrency from Coinbase to Binance.

Step 1: Create and Verify Your Binance Account

Before receiving any funds, you need a Binance account. If you don’t already have one:

  1. Go to the official Binance website.
  2. Click Sign Up and enter your email address and a strong password.
  3. Complete email verification and set up two-factor authentication (2FA) for added security.
  4. Depending on your region, you may need to complete identity verification (KYC) to unlock full withdrawal and deposit limits.

Verification can take anywhere from a few minutes to a few hours, so do this ahead of time.

Step 2: Access Your Coinbase Wallet

Log in to your Coinbase account via the website or mobile app. Once inside:

Choose the cryptocurrency you wish to transfer. Note: Only transfer coins that are supported by both platforms to avoid loss of funds.

Step 3: Initiate the Withdrawal from Coinbase

After selecting your desired asset:

  1. Click the Send button (or Withdraw on the mobile app).
  2. You’ll be prompted to enter the recipient’s wallet address — this will be your Binance deposit address.
  3. Leave the Amount field blank for now; we’ll return after retrieving the correct address.

Do not proceed until you’ve confirmed the correct network and address on Binance.

Step 4: Find Your Binance Deposit Address

Now log in to your Binance account:

  1. Hover over or tap Wallet in the top navigation bar.
  2. Select Spot Wallet > Deposit.
  3. Search for the same cryptocurrency you’re sending from Coinbase (e.g., BTC, ETH).

  4. Select the correct network — this is critical. For example:

    • Use BTC (Bitcoin Network) for Bitcoin
    • Use ETH (Ethereum Network) for Ethereum
    • Avoid networks like BEP2 unless specifically intended

⚠️ Warning: Sending crypto via the wrong network (e.g., ERC-20 instead of BEP20) may result in permanent loss of funds.

Once selected, your unique deposit address will appear. Double-check it, then copy it securely.

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Step 5: Complete the Transfer on Coinbase

Return to the Coinbase Send screen:

  1. Paste the Binance deposit address into the Recipient field.
  2. Enter the amount you want to send.
  3. Review all details carefully — especially the address and network type.
  4. Confirm the transaction using your 2FA method.

After confirmation, Coinbase will process the withdrawal. You’ll receive an on-screen confirmation and an email once initiated.

What Happens After You Send?

Once the transaction is confirmed by Coinbase:

When confirmed, your funds will appear in your Binance Spot Wallet automatically.

💡 Pro Tip: During periods of high network traffic (like NFT mints or market volatility), consider increasing the gas fee on Ethereum-based transfers for faster confirmation.

Frequently Asked Questions (FAQ)

Q: Is it safe to transfer crypto from Coinbase to Binance?

Yes — as long as you follow security best practices:

Q: Are there fees for transferring from Coinbase to Binance?

Yes. Coinbase charges network transaction fees based on current blockchain congestion. These are not profit-driven but cover miner/validation costs. Binance does not charge deposit fees.

Q: How long does the transfer take?

Most transfers complete within 15–60 minutes, though delays can occur during peak times or if fees are too low.

Q: Can I transfer any cryptocurrency from Coinbase to Binance?

Only cryptocurrencies supported by both exchanges should be transferred. Common compatible ones include:

Always verify compatibility first.

Q: What if I send crypto to the wrong address?

Unfortunately, blockchain transactions are irreversible. If you send funds to an incorrect or invalid address, recovery is nearly impossible. Always test with a small amount first.

Q: Do I need to verify my identity on Binance?

Yes, most users must complete KYC (Know Your Customer) verification to deposit, trade, or withdraw significant amounts. This helps comply with global regulations and enhances account security.

Final Thoughts

Transferring crypto from Coinbase to Binance opens up a world of opportunities — from accessing new tokens to leveraging advanced trading tools and lower fees. While Binance may seem complex at first glance, the actual process of moving funds is straightforward when done carefully.

By following this guide, you can ensure a smooth, secure transition between platforms without losing funds or encountering avoidable errors.

Remember: accuracy matters more than speed. Take your time verifying addresses and networks — your future self will thank you.

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