Once you have your account set up, or if you already have Coinbase and Binance accounts, the transfer process is simple. Can you transfer from Coinbase to Binance? As long as Binance supports the cryptocurrency you wish to transfer, you can transfer cryptocurrency from Coinbase to Binance.
You could also withdraw fiat currencies like the U. You can even put money into Binance using wire transfer. Just make sure you familiarize yourself with any applicable withdrawal fees before you move your digital assets or fiat currencies. The time it takes to transfer cryptocurrency from Coinbase to Binance is not predetermined. It can vary based on the blockchain and network congestion. Coinbase does charge a fee based on the estimated network transaction fees incurred to transfer cryptocurrency from Coinbase to Binance.
Start by making sure you have accounts on both platforms. Then, follow the step-by-step guide above to transfer each supported cryptocurrency from Coinbase to Binance. You will have to pay Coinbase fees as this transfer does utilize the blockchain. Before transferring cryptocurrency, make sure you consider our list of best cryptocurrency exchanges.
By doing so, you may be able to avoid having to move your cryptocurrency again in the near future. In this article. Binance and Coinbase are geared toward different types of users. Coinbase offers a simple platform for investors new to trading cryptocurrency who want fast, easy, and secure ways to trade. Binance is a better fit for people familiar with cryptocurrency lingo and investing options, whereas Coinbase is built for convenient, easy trading.
Both exchanges provide mobile apps with varying functionalities. For instance, the Binance and Coinbase apps rate 4. However, the Binance app receives poor ratings for Android users, with only 2. Both platforms offer a blog and knowledge base, but Coinbase also lets users earn cryptocurrency for watching videos for beginners.
Although Coinbase wins for ease of use, the customer service options are less user-friendly. You can only reach Coinbase via email or a help ticket. In contrast, Binance offers live chat, responds on Twitter, or you can email them for help.
Binance supports many more advanced transaction types, such as limit orders, stop-limit orders, market orders, post-only orders, and peer-to-peer trading. However, U. Both platforms function as an online brokerage for cryptocurrencies. Users deposit fiat funds to buy, sell, or trade digital currencies. However, Binance. US requires a photo ID. The exchanges store the cryptocurrency until you move it to a digital bitcoin wallet , trade it, or withdraw it.
Although Binance and Coinbase are among the best crypto exchanges , users are encouraged to store funds in a hardware wallet for long-term savings. Any currencies held online may be a target of hackers, and most exchanges have experienced breaches, including Binance in Both Binance and Coinbase insure their hot storage, but it may be safer to use your own cold storage via a hardware wallet.
Coinbase is perfect for beginners who prioritize convenience and security. As a trusted, U. However, you pay a higher price for convenient deposit and withdrawal options. Binance is suitable for experienced investors wanting advanced trading options and plenty of analytics to back up their strategy decisions. Novice users will experience a learning curve, but once you learn your way around, it gets easier. With low fees, over cryptocurrencies, and availability in more than countries, Binance is an excellent choice for non-U.
We examined Coinbase and Binance by looking at the fee structures, cost, and how easy it is to understand. Although we looked mainly at Binance, we also evaluated Binance. US features applicable to U.
We considered the website and mobile app functionality, availability of knowledge bases, and access to customer service. Our fee and feature charts give a side-by-side view of security, transaction types, fiat currencies accepted, payment methods, and cryptocurrencies. Investing in cryptocurrencies and other Initial Coin Offerings ICOs is highly risky and speculative, and this article is not a recommendation by Investopedia or the writer to invest in cryptocurrencies or other ICOs.
Since each individual's situation is unique, a qualified professional should always be consulted before making any financial decisions. Investopedia makes no representations or warranties as to the accuracy or timeliness of the information contained herein.
Coinbase Global, Inc. Money-Laundering and Tax Sleuths. Apple App Store. The New York Times. Your Money. Personal Finance. Your Practice. Popular Courses. Sign Up Now. Pros Over cryptocurrencies for trade One of the cheapest platforms to use Massive selection of transaction types. Cons U. US exchange is very limited It can be overwhelming, even for experienced users No built-in digital wallet In regulatory trouble in several countries and under investigation in U.
Pros Extremely user-friendly platform Well-known and trusted by U. Cons Expensive fees for transactions and payment methods Limited advanced options for expert traders Fewer transaction types than other platforms.
Binance vs. Coinbase Expand. At a Glance. Supported Currencies. Coinbase: Ease of Use. Frequently Asked Questions. What Are Binance and Coinbase? How Do Binance and Coinbase Work?
Here's how to send cryptocurrency between exchanges. Binance and Coinbase are among the most popular exchanges, but how do you transfer cryptocurrency from Binance to Coinbase? With a variety of cryptocurrency wallets and exchanges available, it is becoming more common for cryptocurrency holders to want to transfer their assets across networks. Whether it's because your bank no longer permits payments to Binance, you already have assets in Coinbase, or just fancy a change, here's what to do.
To transfer from Binance to Coinbase, you will first need to open both your Coinbase and Binance accounts. Here, choose the 'Receive Tab' and pick which asset you want to transfer to Coinbase. Once selected, Coinbase will give you your unique address for that cryptocurrency, and that cryptocurrency only. Copy this address, and return to the Binance website.
On the Binance site, go to the 'Fiat and Spot' section of your wallet, and select 'Withdraw'. Send crypto to other Binance users by entering the email address they used to sign up for their Binance account, or scanning a QR code from the Binance app. Simply put, platforms like Binance P2P allow buyers and sellers to transact directly with one another without any intermediaries. Firstly, unlike fiat currencies, crypto is accessible in most regions worldwide, so you can make borderless transfers using crypto to friends and family.
All you need is a valid email address or QR code. Security and privacy is another reason to send crypto using Binance P2P. Finally, you can send and receive crypto for free, no matter where the sender or recipient is located. In the past, if you wanted to send crypto to another person, you needed their wallet address, which consists of a long string of letters and numbers. Today, all you need is an email address or QR code, making it easier than ever to send and receive cryptocurrencies using Binance P2P.
Step 2: Enter the recipient's email address. Use the email address associated with the recipient's Binance account.