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Binance is one of the most popular and most frequently used platforms to trade in different cryptocurrencies like BTC, ETH, or Ripple. However, it is not as easy as it sounds and needs certain things to understand. You can’t use Binance directly to deposit money, and you can use it to buy other currencies. One of the most frequently asked questions regarding this app is how long it takes to send bitcoin from Coinbase to Binance?
Your bitcoin will be moved from Coinbase to Binance at this time. Allow it 15-half an hour (or more if necessary), and then do a balances inquiry within Binance to see whether the money has indeed been transferred. You could also double-check with Coinbase to see whether they’ve got them by looking at their activities tab for any current events on this location!
Coinbase and Binance are used combined to trade in different cryptocurrencies. Usually, it takes different times to transfer bitcoin from Coinbase to Binance, and different factors affect this process.
So, one should know about this query so that he/she may avoid any confusion or tension. Till the end of this article, you will be able to transfer money on this platform. Let’s dive deep without wasting time exploring all about this confusion.
How Long Does It Take To Send Bitcoin From Coinbase to Binance?
A simple answer to this question will be that your bitcoin will be transferred from coinbase to Binance in just 15 to 30 minutes. It depends on the network and other situations that may affect your processing.
Benefits of Using Combination of Coinbase and Binance
Certain benefits are associated with the use of the merging of Coinbase and Binance to trade in cryptocurrencies. Some benefits are listed in the following section.
- It is one of the easiest and simple methods to trade in different cryptocurrencies.
- It is a relatively faster way to make transactions or transfer different amounts.
- This platform offers you a chance to trade in multi-currencies at the same time.
- It is a relatively cheap platform with lower network fees and taxes.
- This platform offers you a variety of options to choose from for your trade.
Which Currencies Can be transferred
As mentioned above, you can send different currencies from coinbase to Binance. There are tons of options for you to choose from. Here are some of the different currencies you can send from the coinbase account to the Binance account.
- Litecoin (LTC)
- Ethereum (ETH)
- Bitcoin Cash
Except for choosing your favorite currency, the rest of the procedure will be similar for all these currencies. A detailed transferring procedure is given in the later section. But keep in mind that when transferring BCH or LTC, you must process them into BTC or ETH.
Easy Procedure to Send BTC from Coinbase to Binance
To begin trade on the coinbase, the foremost thing is to have a wallet. This wallet will be used to transfer the coins. Coinbase offers different options to reach your wallet. You can directly click the coin’s chart and then tap your account.
Also, you can select your account from the upside of the coin’s chart. From there, you can select a specific wallet from which you want to transfer the coins to the Binance. Here is a thorough procedure to transfer bitcoin or any other coin from coinbase to Binance.
Log In to Your Coinbase Account
First of all, sign in to the Coinbase account by fulfilling all essential requirements. Then, choose the ‘accounts’ tab on the upper part of your PC screen.
Select the Currency
After logging in to your account, you have to choose the currency you will transfer.
Enter the Address
First, you must enter the location that you obtained on Binance. This address is quite easy and simple to find from the Binance wallet. Go to your Binance account; choose the ‘funds’ from the upper part of your PC screen, and then tap the ‘deposits/withdrawals.’
Here, select the deposits on the cryptocurrency that you’re going to transfer. This will help to access the deposit location that is required here.
Choose the Amount
Once you have got and put the address, the next step is to choose the amount you will transfer.
Finalize Your Payment
After selecting the amount, accept all the terms and policies to continue. Continue hitting the ‘acceptor ‘continue’ tab until your transfer is confirmed. Select the ‘complete’ tab to send the money.
It is quite easy and simple to transfer your cryptocurrencies from coinbase to Binance. It will take a few minutes to transfer funds from one account to the other. Follow the guidelines mentioned above to transfer Bitcoin from your coinbase account to Binance.
I am Lavinia by name, and a financial expert with a degree in finance from the University of Chicago. In my blog, I help people to educate by making wise choices regarding personal investment, basic banking, credit and debit card, business education, real estate, insurance, expenditures, etc.