Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Exchanges => Coinbase => Topic started by: RSRS on July 08, 2021, 04:23:50 PM
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Ever wonder how to transfer from Binance to Coinbase? If you’ve been trading Bitcoin or other cryptocurrencies on Binance and are looking to transfer your money to Coinbase, then this post is exactly what you need. If you haven’t registered for an account with Coinbase yet, head over to the homepage and follow their registration steps before continuing. Also, make sure that you have at least one stable internet connection before attempting the transfer of funds.
Coinbase offers two options for transferring money from Binance: ACH transfers and wire transfers. An ACH transfer typically takes 2-3 days to complete, whereas a wire transfer might take even longer.
So, here I will walk you through the options and how to pick the best one for you.
How To Transfer From Binance To Coinbase
First, you’ll need your Binance account password. If this is your first time using this website, then go here and read this tutorial before continuing. Once you have logged into the website or re-activated your account, follow these steps:
1) Go through the settings menu by clicking on “Account management” on the top right-hand corner of the interface and locate the “Settings” section.
2) Click on the “Account” button located at the bottom to switch to the account settings view.
3) Scroll down and locate the “Funds” button, click it to open up the account funds management window.
4) Find the “Coinbase” wallet in the list and click it to open up the Coinbase wallet page. Here you will be able to find a Transfer Funds screen, which you can use to tell Binance what amount and from where you want your funds sent. You can either choose ACH or Wire Transfer option below that.
5) If you are planning to transfer more than $250 worth of funds, then it is best to select the “ACH” option. Once you have selected the mode of transfer, enter the amount, account number, and exact reference (to receive funds) in Binance. Also, provide your Coinbase login details and confirm the transaction.
6) You will be presented with a “Payment ID” which you must provide while sending money from Binance to Coinbase. So, head over to your Coinbase account and go through their Security page. Here you will find the Payment ID field, which you need to copy for use on your Binance transfer form. Confirm the transfer, and wait for a couple of hours for the funds to be sent.
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