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.
If you wish to transfer your funds from Binance to Coinbase via wire transfer, then follow these steps:
7) Log in to Coinbase and locate your “Receive Money” page. You can find it by going here and entering your email address and password. Go to the Payment Methods page found below this one and search for the option “Bank Wire Transfer” below, where you can specify how much money you want to send and from where you will be receiving funds. Fill in your information, click “Continue” and submit the transfer.
8) Once your bank wire transaction has cleared, you will be presented with a confirmation message. Head back to your Binance account and go through the fund’s management page again. 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 (just as you did in step 4). Enter the amount, account number and exact reference (to receive funds) in Binance then provide the Coinbase transfer ID that can be found on your transactions page. Once you have confirmed the transaction, you will get a “Payment ID” which can be used for sending funds from Coinbase to Binance.
9) Log in on Coinbase and locate your “Send Money” page. You can find it by going here and entering your email address and password. Go to the Payment Methods page found below this one, enter the complete payment information again, and hit the “Continue” button to submit the wire transfer. After a few hours, your payment should have been sent to Binance successfully.
10) Ok, now you can head back to your Binance account and go through the fund’s management page one more time. Find “Coinbase” wallet in the list and click it. 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. Provide your Coinbase transfer ID that can be found on your transactions page and confirm the transaction.
11) You’ll 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.
Hope you’ve found this article helpful and best of luck to you and your cryptocurrency endeavors!
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