When you think of investing in the cryptocurrency business, the important thing to consider is the trading platform.
Currently, Binance and Coinbase are the two most popular and secure platforms in the market you can use to trade.
Even though each one of them has a different approach the purpose is the same.
This article will help you understand more about these platforms and the time required to transfer crypto from Coinbase to Binance.
Coinbase and Binance are the platforms formed. Each to target different groups of people.
For instance, Coinbase is designed for beginners as it has a simple interface and limited transactions.
Binance on the other side was designed for advanced users and international traders.
Transferring cryptocurrency from these platforms is not complicated as you may think.
All you need is to copy the wallet address of any cryptocurrency you want to receive and then paste it to the wallet address you want to send to.
How to send your crypto from Coinbase to Binance and the time it takes to complete the transaction.
If you want to transfer crypto from your Coinbase account to a Binance account, first, you are required to copy your cryptocurrency wallet address on your Binance.
After doing so, click on send/receive on Coinbase to send the crypto and later paste your wallet address on the field.
For instance, if you want to transfer Litecoin from your Coinbase account to Binance, copy your Litecoin wallet address on your Binance.
Then proceed by pasting your Litecoin wallet address on the send/receive the pop-up on your Coinbase on the field.
The next step is to click on “continue” and later followed by “send now”
The transaction always takes 30 minutes to be completed. However, sometimes you will experience delays in your transactions due to network hiccups.
Below is the procedure to follow when transferring your crypto from Coinbase to Binance:
1. Visit your Fiat and spot wallet on your Binance
First, visit your Binance account and “Log In”
Then, fill in your correct login details and check for” Wallet” and “Orders” on the homepage.
Then, click on the wallet to open the navigation menu and visit your fiat, and spot wallet.
2. Search the Crypto and Make your Deposit
After accessing the fiat and sport wallet you will be able to see different types of cryptocurrencies and the total amount you own from each.
It is from your list that you will decide whether to deposit, buy, trade, or withdraw your cryptocurrencies.
After going through your list and deciding to make deposits, all you need to do is to click on the cryptocurrency of your choice and deposit.
3. Highlight and Copy the Address of the Coin
After making your deposit, the next step will be to highlight and copy your cryptocurrency wallet address from the Address field.
Also, the important thing is to remember to change the “Coin” dropbox to the currency you want to make your deposit with.
4. Go to Coinbase and click on” Send/Receive.”
After copying your cryptocurrency wallet address on your Binance, you log in to your Coinbase account.
Then, go to send and receive button which allows you to freely send and receive cryptocurrencies on your Coinbase account.
After clicking the Send/Receive button, the pop-up will open and enter the crypto amount you want to transfer to your Binance.
Next, provide your cryptocurrency wallet address and paste the copied wallet address and click “Send Now”
Transferring cryptocurrencies from Coinbase to Binance is usually easy and fast if there are no network problems.
The tricky part is only during copying and pasting your cryptocurrency wallet addresses, but immediately you master and understand the process, you will enjoy trading with Coinsbase and Binance.