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September 4, 2018

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How To Transfer Bitcoin From Coinbase To Binance

One of the most convenient ways to buy Ripple (XRP) or any other popular cryptocurrency is through Binance. However, you can't deposit money directly into this app, but you can deposit cryptocurrency like ether or bitcoins to buy other altcoins. The easiest way to do that is by using Coinbase app. Despite some delays in transaction times and freezes on new registrations, this combination of Coinbase and Binance has proven to be quite dependable. Binance, in particular, has the added benefit of letting you trade with both Bitcoin (BTC) and Ethereum (ETH) as base currencies, which means you have more options not only in trading, but also in terms of choosing between digital coins based on faster transaction times and lower network fees.

You can transfer Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), or Litecoin (LTC) from Coinbase to Binance, but I'll demonstrate using LTC. The bulk of the process will be the same regardless of which coin you choose, but note that if you transfer BCH or LTC from Coinbase, you'll have to convert them into BTC, ETH, or Binance Coin (BNB) to trade the coins on Binance.

To start, you'll need to select the wallet that you'll be transferring coins out of. There are three ways to access your wallet in Coinbase — either tap on the coin's chart, select "Accounts" at the bottom of the screen, or tap "Your Accounts" above the coin's chart. Tapping on a coin's chart will take you directly to its landing page, complete with a graph showing its price movements this week. From there, open that coin's specific wallet page by selecting the "LTC Wallet" tab (for example) right below the "Buy" and "Sell" buttons.

Step 1: Login to your Coinbase and then at the top of your screen select Accounts. (If you’re on mobile then Accounts will be at the bottom of your screen)

Step 2: Next, choose the cryptocurrency that you want to send from your wallets.

Step 3: Now you have to enter the address that is found in your Binance. (If you’re on mobile tap on the little paper airplane icon which is on your top right-hand side of your screen and then you will be asked to enter the amount you want to send and tap on Send. Don’t worry! It won’t be sent yet because you still need to give it your Binance deposit address). To find this address just jump into your Binance account, select Funds at the top of your screen (or at the bottom if you’re on mobile) and then tap on Deposits Withdrawals. (on mobile it’s just Deposit at the top). Once that’s done just tap on Deposit on the cryptocurrency you’re transferring and then get the Deposit Address.

Step 4: Now all that you have to do is just enter the address that you just got right under Recipient in your Coinbase. Just choose the amount you want to send.

Step 5: Finally, hit Continue and make sure to check all the details of the transaction and then complete the send. Done.

Your cryptocurrency will now be transferred from your Coinbase to your Binance account. Just give it 15-30 minutes (or maybe longer at times) and then you can check your Binance account if it has been deposited yet. You can also check your Coinbase for Transactions if it has successfully gone through.

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