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Posted by Christina Walker on 27/05/2020.
Both Coinbase and Binance are top crypto exchanges that have a reliable reputation as a safe place to buy crypto and have millions of users all over the world. If you need to transfer funds from Coinbase to Binance, our guide below will walk you through the entire process, step by step.
How to transfer from Coinbase to Binance.
Below you can see the step-by-step process to send Bitcoin from Coinbase to binance preporučni bonus.
Sign Up/Log In to your Coinbase account.
You will need to enter your first and second name, alongside your email address. Coinbase will then send you an email, kodėl mus bina which you will need to verify.
2. Select your account type: Business or Individual.
Upon request, you will be asked to confirm your email address. Once completed, you will be redirected to the startup page, where you will be first requested to confirm whether you want to create an individual or business account.
3. Verify your Phone Number.
The next step is verifying your phone number. The reason for this is to create a form of 2-factor identification in order to ensure that your account remains secure. Other 2-factor identification methods are also available, הוא בינוני שרשרת חכמה מבוזרת as set out below.
Coinbase will then send you an SMS message containing a unique code, which you’ll need to enter on-screen to verify that you are the rightful owner of the device.
This is absolutely fundamental, as you will need your mobile device to access key account features, such as logging in or withdrawing funds.
4. Set up Payment Method.
As you will be asked to deposit funds, you will need to set-up a payment method. Your options will depend on where you are located, although in most cases this covers a debit/credit card and bank account.
You will also be asked to enter the billing address linked to your preferred payment method.
For bank transfers, Coinbase will often set up one or two small transactions to and from your account, in order to verify your account.
For credit cards, a screenshot of the credit card is necessary. Bank transfers in the US can take up to 4 to 5 days to complete, 為什麼幣安硬幣上漲 or 1-3 days by SEPA transfers in the EU, while credit and debit card transactions are instant.
Coinbase also allows users to link their PayPal account to the platform, but this can be used for proceeds made from selling cryptocurrency only.
5. Verification Process.
After selecting "Bank Account," Coinbase will prompt you to provide verification details for your ID. This is the KYC (Know Your Customer) process, and it’s a common practice for most cryptocurrency exchanges. Gather the required documents and upload them to Coinbase.
6. Confirm Your Payment Method.
To conclude the account set-up process, you will need to verify your chosen payment method to confirm you are the true owner. If opting for a debit card, بررسی binance یوتیوب Coinbase will process two small charges from your card. You’ll need to log in to your online bank and confirm the last two digits of these charges.
Alternatively, if opting for a bank account, you need to make a small transfer into the account details specified by Coinbase. Once you’ve done the above, you’re now ready to buy your first-ever cryptocurrency.
Deposit your Coinbase account if necessary.
Now that you’re all set-up, click on the cryptocurrency that you want to buy, enter the total USD (or local currency equivalent) amount that you want to purchase, and pay for the transaction with your verified payment method.
The purchase will be executed immediately, meaning that the digital coins will be stored safely in your Coinbase account. Now you have the option of withdrawing them to a private wallet, sending them to another cryptocurrency exchange (e.g. to Binance), or simply leaving them in your Coinbase account to sell at a later date (this option is not recommended for safety reasons).
It’s important to make sure that you are on the right tab of your account to purchase the correct currency. Before confirming the transaction, Coinbase provides you with details of the service fee and the amount of cryptocurrency being purchased in the transaction. Once confirmed, the amount of cryptocurrency that you have purchased will be credited to the relevant Coinbase wallet.
Sign Up to your Binance account.
If you don’t already have an account, the first step is to sign up for Binance. All that’s required as far as personal information is concerned is your email address. You’ll need to confirm this email address before being able to log in to the exchange.
If you want to stay anonymous, Binance offers a Limited Account where you can trade without verifying your identity. However, it restricts your trading activity and limits your withdrawals to 2 BTC per day. Unless you’re just trying out the platform for fun, we advise you to create a regular account.
And there is another great feature about Binance – a referral program. You will get a 20% kickback if you sign up for Binance using our referral link. Your cashback will be automatically applied to your account. It sounds like a good way to make some extra money, doesn’t it?
But here is a kicker – you will also save 45% on your trading fees forever . Don’t miss this opportunity!
If you already have a Binance account, check our Migration to Binance (a Step-by-Step Guide) to find our how to get a kickback.
Once logged into your Binance account, locate the ‘Deposits’ page (under ‘Funds’ in the main menu). After you select the crypto you want to deposit, copy the address shown.
Transfer money from Coinbase to Binance.
Log into your Coinbase account and click on the ‘Accounts’ tab. Choose the Coinbase wallet you wish to send from—either Bitcoin or รีวิว binance Launchpad Ethereum. (If you’re on mobile then Accounts will be at the bottom of your screen) Click the ‘Send’ button beneath the coin you want to send. Be sure to select the correct wallet type. For ארנק שרשרת חכמה example, if you’ve chosen to deposit Ethereum to Binance, make sure to send Ethereum and not Bitcoin. Now copy and paste the deposit address from Binance to Coinbase. Make sure the address was copied correctly! You’ll also need to enter the amount you want to send. Finally, hit Continue and make sure to check all the details of the transaction and then complete the send. Done.
How to transfer Bitcoin.
At this point, I’ll assume that you already have accounts on Coinbase as well as on Binance. However, you firstly need to deposit your Coinbase wallet and buy bitcoin. After that, you want to transfer BTC to Binance. So here is a quick overview of your steps based on the detailed information I provided earlier.
Log in to your Coinbase account. Add funds via bank account transfer, a debit card, or wire transfer to fund your Coinbase wallet. Keep in mind that wire transfer is the cheapest method. Click on the "Buy/Sell" tab at the top. You’ll see a selection of cryptocurrencies outlined in light gray. Choose Bitcoin (BTC). Select a payment method from the dropdown box below (the bank account you added during setup should show up by default here). Choose an amount you want to transfer by entering an amount in USD on the left. Coinbase will automatically convert this to your chosen cryptocurrency. You can see a breakdown of the transaction on the right, including the Coinbase fee. Click the "Buy" button at the bottom. Coinbase will then start the process of withdrawing the fiat funds from your bank account. Your cryptocurrency purchase will take several days to appear in your wallet, so be patient. Log in to the Binance account, choose "Deposits" from the "Funds" menu at the top of the screen. On the left, you’ll see a dropdown menu that says "Select coin/token to deposit." Type ‘Bitcoin’, then click its entry. Binance will generate a wallet address for your BTC coin.

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