Table Of Content
Can You Transfer Crypto from Binance to Coinbase?
Yes, you can legally transfer cryptocurrency from Binance to Coinbase, as long as both accounts are verified and the crypto you’re sending is supported by Coinbase.
This process involves withdrawing funds from your Binance account and depositing them into your Coinbase wallet using the correct blockchain network.
Just make sure to double-check wallet addresses and network compatibility to avoid any irreversible loss.
How to Transfer Crypto from Binance to Coinbase
Send your crypto from Binance to Coinbase in a few safe, straightforward steps. Here’s how to do it without risking your assets.
1. Log Into Both Platforms and Choose the Crypto
Start by logging into your Binance and Coinbase accounts. Identify which cryptocurrency you want to transfer — for example, Bitcoin or Ethereum.
Choose a supported asset: Make sure Coinbase supports the specific crypto; here's the full list.
Enable 2FA on both accounts: This adds a layer of security before initiating transfers.
Check your balances: Ensure your Binance wallet holds enough of the chosen crypto, including a small amount for network fees.
Once you’ve confirmed the asset and security settings, you’re ready to get the deposit address from Coinbase.
2. Find the Wallet Address on Coinbase
Before withdrawing from Binance, you need the receiving address from your Coinbase wallet. Always verify the correct network is selected.
Go to ‘Send & Receive’ in Coinbase: Choose “Receive” and select the cryptocurrency you’re transferring.
Copy the address carefully: Example: if you’re sending USDC on Ethereum, make sure you select the ERC-20 address.
This address is where your crypto will land — double-check it, because blockchain transactions are irreversible.
- The Smart Investor Tip
Always verify you’ve selected the correct network when copying your Coinbase wallet address. For example, using an ERC-20 address for USDC ensures compatibility and avoids fund loss.
3. Initiate the Withdrawal on Binance
Now go to your Binance wallet and start the withdrawal. This step requires precise information to ensure funds arrive safely.
Navigate to Wallet > Fiat and Spot: Click “Withdraw” next to the asset you're transferring.
Paste the Coinbase wallet address: Choose the correct blockchain network (e.g., BTC, ETH, or ERC-20).
Enter the amount to send: Binance will automatically calculate the network fee.
Be aware that using the wrong network can result in permanent loss. For example, sending ETH on BSC to a Coinbase ETH address (which expects ERC-20) will not work.
4. Confirm and Authorize the Transfer
Once all details are set, Binance will prompt you to confirm and authorize the transaction using 2FA or email confirmation.
Review transfer details: Confirm the address, amount, and network.
Complete security steps: Binance may ask for 2FA code and email confirmation.
Submit the request: You’ll receive a transaction ID (TXID) to track the transfer.
The funds will leave Binance but may take a few minutes to hours to arrive at Coinbase depending on network congestion.
- The Smart Investor Tip
Use a secure 2FA method, like Google Authenticator, instead of SMS, which is more vulnerable to SIM swap attacks. Also, keep a copy of your transaction ID (TXID) in case of disputes.
5. Verify Deposit on Coinbase and Save TXID
After a short waiting period, your crypto should appear in Coinbase. Don’t forget to check transaction status and save details.
Check ‘Assets’ or recent activity: Your incoming crypto will show once confirmed.
Use TXID to track on a block explorer: For example, use Etherscan for Ethereum-based transfers.
Save screenshots or TXID: This is useful in case of any future issues.
As a result, you’ll now see the crypto in your Coinbase balance and can choose to sell, convert, or hold as needed.
Coinbase Does Not Support vs. BEP-20 (!)
When sending crypto from Binance to Coinbase, choosing the correct blockchain network is critical.
Coinbase does not support BEP-20 (Binance Smart Chain) deposits for most assets, so selecting ERC-20 or the native chain (like BTC or ETH) is typically safer.
For example, sending USDC via BEP-20 instead of ERC-20 can lead to permanent loss because Coinbase won't recognize the deposit. Always match the network supported by Coinbase to avoid issues.
Cryptocurrency | ERC-20 Supported on Coinbase? | BEP-20 Supported on Coinbase? | Recommended Network |
|---|---|---|---|
USDC | Yes | No | ERC-20 |
ETH | Yes | No | ERC-20 |
BTC | Not ERC/BEP | Not ERC/BEP | Native BTC |
BNB | No | On Binance only | Not transferable |
LINK | Yes | No | ERC-20 |
How Much Does It Cost?
The cost of transferring crypto from Binance to Coinbase depends on the network you select.
ERC-20 transfers can be expensive, often costing between $5–$20 in gas fees, depending on Ethereum congestion. BEP-20 is much cheaper, but risky if the destination (like Coinbase) doesn't support it.
Binance will show the exact withdrawal fee before you confirm, so make sure you account for this cost in your transfer strategy.
Network | Average Fee (USD) | Estimated Speed |
|---|---|---|
ERC-20 (Ethereum) | 💵 $5–$20+ | ⏱️ 5–30 minutes |
BEP-20 (BSC) | 💵 <$1 | ⏱️ 2–5 minutes |
BTC | 💵 $1–$10 | ⏱️ 10–60 minutes |
Polygon (MATIC) | 💵 <$0.10 | ⏱️ 1–3 minutes |
TRC-20 (TRON) | 💵 <$1 | ⏱️ 1–3 minutes |
How Long Does It Take?
Transfer times from Binance to Coinbase vary by network.
ERC-20 transfers typically take 5–30 minutes, but may take longer during high traffic. Native BTC transfers might take 10–60 minutes depending on the number of confirmations required by Coinbase.
BEP-20 is often faster (2–5 minutes), but if used incorrectly, funds may never arrive. Always use the supported network to avoid unnecessary delays or lost funds.
Mistakes to Avoid When Transferring from Binance to Coinbase
Transferring crypto is simple, but small errors can result in lost funds or delays. Here’s how to avoid common mistakes:
Using the Wrong Network: For example, sending ETH via BEP-20 to Coinbase (which only supports ERC-20) will result in a failed deposit.
Copying an Incorrect Wallet Address: If you accidentally paste the wrong address, your funds could go to someone else with no recovery options.
Ignoring Network Fees and Minimums: Some assets like ETH require a minimum withdrawal amount; sending less may lead to canceled or stuck transactions.
Not Double-Checking Platform Support: Always confirm that Coinbase supports both the crypto and the network you're using before sending.
Skipping 2FA or Email Confirmations: Without completing Binance's verification steps, your withdrawal won’t process, delaying the entire transfer.
Therefore, taking a few extra minutes to confirm the right network and address details can save you a lot of stress and potential losses.
FAQ
No, not all cryptocurrencies are supported on both platforms. You should always check Coinbase’s supported assets list before initiating a transfer.
Yes, both Binance and Coinbase apps allow you to initiate and receive crypto transfers. The process is nearly identical to desktop.
If you use an unsupported network like BEP-20 for a Coinbase transfer, your funds may be lost permanently unless you retrieve them via a manual recovery process—if available.
Binance has minimum and maximum withdrawal limits based on the crypto. Coinbase does not limit deposits, but network fees may apply.
Generally yes, but make sure to double-check addresses and use two-factor authentication. For large sums, consider sending a test transaction first.
Yes, both Binance and Coinbase require KYC verification before allowing transfers. This helps prevent fraud and ensures compliance.
No. Once a crypto transaction is broadcast to the blockchain, it cannot be canceled or reversed.
Check the blockchain explorer using the TXID to see if the transaction is confirmed. If it is and the funds are still missing, contact Coinbase support.
No transfer is truly instant due to blockchain confirmations. Even fast networks like BEP-20 still take a couple of minutes, and Coinbase may require extra confirmation time.
Generally, no tax is triggered for a wallet-to-wallet transfer unless it’s classified as a sale or trade. Check with a tax advisor.
