The easiest way to buy cryptocurrency is to join the exchange, link a bank account, and then make a purchase. Unfortunately, many popular exchanges offering this feature are not available in other areas. You can buy Bitcoin or Ethereum with a credit card, but nothing more.

I've been searching on the internet about it and can't find the option to deposit money to my Coinbase account. Hello - I'm totally new and trying to purchase some bitcoin. I would rather use Coinbase Pro since their fees are lower. But in order to purchase on there, I would have to transfer the funds from my regular Coinbase account.

The best way to get around this limitation is to buy cryptocurrency on one exchange, and then transfer funds to another service. Coinbase and Binance are the main candidates for this type of exchange.

The fastest and easiest way to buy a lot of cryptocurrencies is to top up your Coinbase account, transfer these funds to Binance and start trading. How to transfer BTC or ETH from Coinbase to Binance? How long does it take to transfer from Coinbase to Binance? Even if you have never transferred your funds before, our guide below will help you through the whole process step by step.

Coinbase

Coinbase is an American cryptocurrency exchange, one of the largest cryptocurrency exchanges in the world. Coinbase operates under two different brands, Coinbase and GDAX. Coinbase most likely specializes in retail customers who want to buy Bitcoin for fiat currencies, and GDAX is a more advanced cryptocurrency trading platform. Since Coinbase is an American cryptocurrency exchange, investors from the United States can freely trade here.

Only a few coins are available on this exchange (their list is much more complete on GDAX). Major cryptocurrencies are available here: BTC, BCH, ETH, and LTC. This means that the service is primarily aimed at individuals who feel insecure with cryptocurrency trading and, perhaps, are only taking their first steps in the crypto world.

Deposit Methods

You can deposit at Coinbase by bank transfer or credit card. This may seem especially useful to beginner cryptocurrency investors.

In general, it is worth paying attention to the various fees for depositing fiat currencies on exchanges for bank transfers and credit cards, as they may differ. When making a deposit to this exchange with a credit card, you will most likely pay a commission for the deposit of 4%. This is a considerable amount. If you replenish your account by bank transfer, the deposit fee will be 1.5%, which is also decent when compared with the commissions of competitors present in the market.

Binance

Binance is an exchange from Hong Kong, that has a huge number of exchanges. In a way, Hong Kong is a cryptocurrency trading mecca. The incomplete list of competitors-compatriots of this exchange includes Bit-Z, KuCoin, Gatecoin, BitFlip, and CoinEx Market.

Binance does not prohibit US investors from trading on their own exchange. Nevertheless, all investors from the United States should independently conduct a thorough analysis and find out if there are any legal obstacles imposed by their state that can prevent them from trading on sites included in the top cryptocurrency exchanges, one of which may be recognized as the best cryptocurrency exchange for them.

Deposit Methods

Currently, Binance accepts exclusively cryptocurrencies as a deposit. Thus, newly-minted cryptocurrency investors will not be able to immediately start trading on Binance. If you have just started investing in cryptocurrency and want to start trading on the exchange, you will first have to buy cryptocurrency on another exchange and then make a deposit on Binance. In this review, it will be Coinbase.

Why go from Coinbase to Binance?

Coinbase is one of the most famous exchanges in the world. Its key feature is the ability to connect fiat to cryptocurrencies. By linking a credit card or bank account with Coinbase, you can convert funds into Bitcoin, Bitcoin Cash, Ethereum, XRP or Litecoin.

However, Coinbase is not a one-stop-shop for all trading needs. The service is known for its high duties and a clear absence of trading pairs. If you want to purchase a cryptocurrency other than BTC or ETH, you need to transfer funds from Coinbase to another exchange.

Binance is one of the largest cryptocurrency exchange in the world by volume, making about 1 billion dollars daily. It offers trading pairs with hundreds of cryptocurrencies, powerful buy and sell features, and incredibly low commissions compared to Coinbase.

If you want to complete your first cryptocurrency transactions, replenishing your Coinbase account and transferring to Binance is definitely the right way.

How to go from Coinbase to Binance?

It is not that complicated as it could seem from the first sight to transfer the funds from Coinbase to Binance. Now we will show you how to transfer your funds from Coinbase to Binance in 5 simple steps.

Step 1.

Go to your personal account in Coinbase and select 'Accounts' in the tab bar. If you use the mobile app, then this tab will be located at your very bottom of the screen.

Step 2.

Next, from the list of available cryptocurrencies, select the coin you want to send and click on the 'Send' button. You can transfer Bitcoin, Ethereum, XRP, Litecoin, and other cryptocurrencies from Coinbase to Binance. In this example, we will transfer BTC from Coinbase to the Binance account.

Step 3.

At this step, you need to enter your Binance address, which will be generated in your Binance account. If you are transferring via a mobile device, click on the small icon of the paper airplane, which is located in the upper right part of the screen, and you will be asked to enter the amount that you want to send, and click “Send”. This transfer will not be sent, so you still need to provide your Binance deposit address.

To find this address, you need to go to your Binance account and select 'Funds' in the menu at the top of the screen (or at the bottom if you are on a mobile phone), and then click 'Deposits Withdrawals' (on mobile it’s just a deposit at the top).

Once this is done, just click on “Deposit” on the cryptocurrency you are transferring and you will receive the address of the deposit.

Step 4.

Now it remains to enter the address that was just generated for you, right in the 'Recipient' field in your Coinbase account. Just enter the amount you want to send. On your mobile phone, just add the address you just received, and then click 'Submit', and you're done!

Step 5.

In the last step, click 'Continue' and check all transaction details, and then complete the submission. Done!
How long does it take to transfer Bitcoin or other cryptocurrencies from Coinbase to Binance? Usually, the transfer does not take long to process, it depends on several factors: the currency, amount, the blockchain load, etc. It could take from 5 up to an hour to process.

Conclusion

Well done! Transferring cryptocurrency from Coinbase to Binance is not as complicated as it seems. After you complete the initial setup procedures, all the rest is just to transfer funds from one wallet to another. The best advice for any novice cryptocurrency trader is to do it slowly.

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US customers residing in a state where Coinbase offers service can fund their Coinbase accounts with USD via bank-wire or ACH transfers. Prior to transferring funds from your bank, you must verify your US bank account through the process below. For additional questions regarding adding payment methods, please visit Help Article.

Deposits are available on the Pro mobile app by going to the Portfolios page and tapping the Deposit button in the top right-hand corner.

Verify a US bank account

1. Open the trading view at pro.coinbase.com/trade
2. On the left-hand column under Wallet Balance, select the Deposit option
3. In the Currency Type field, select USD
4. Select the Bank Account tab, then select From, then select Add Account
5. You will be redirected to Coinbase.com to complete the bank account verification process

Depositing from a U.S. Bank Account (ACH)

1. Open the trading view at pro.coinbase.com/trade
2. On the left-hand column under Wallet Balance, select Deposit
3. In the Currency Type field, select USD
4. Select the Bank Account tab. If you have verified your bank account, it should be listed here under From
5. From the drop-down menu, select the verified bank account you would like to deposit from
6. Specify the USD amount for the transfer then select the Deposit USD option to confirm
   

Depositing from a U.S. Bank Account (Bank Wire)

Bank wires are available to Coinbase Pro customers who have access to USD-denominated order books.

1. Open the trading view at pro.coinbase.com/trade
2. On the left-hand column under Wallet Balance, select Deposit
3. In the Currency Type field, select USD
4. Select the Wire Transfer tab. Follow the on-screen instructions—you will need to initiate a wire transfer from your bank account to your Coinbase Pro account
5. You’ll be presented with instructions that provide either a personal account number or a unique reference code (you don’t need both) for initiating a wire transfer from your bank account
6. Please note that the name on your bank account must match the legal name on your Coinbase Pro account for the wire to be accepted

How To Deposit Money From Coinbase Wallet

Please be careful not to send an overnight or next-day *ACH*. An actual bank wire (not overnight or next-day ACH) must be submitted when sending to our wire details.

Withdrawing to a U.S. Bank Account (ACH and Bank Wires)

1. Open the trading view at pro.coinbase.com/trade
2. On the left-hand column under Wallet Balance, select Withdraw
3. In the Currency Type field, select USD
4. Select the ACH Bank Transfer or Wire Transfer tab. If you have verified your bank account, it should be listed here under To
5. From the drop-down menu, select the verified bank account you would like to withdraw to
6. Specify the USD amount for the transfer. You are able to withdraw all of your USD by selecting the MAX option
7. Select the Withdraw USD option to confirm your withdrawal

How long will it take to deposit/withdraw from my bank account?

ACH
Purchases made using a debit card or the USD wallet are made available instantly.

When using bank transfers, the ACH bank transfer system is used for payments with your bank account. The ACH bank transfer system typically takes 3-5 business days* (which may be as many as 7-10 calendar days, depending on the timing of weekends and other bank holidays) to complete after initiating a purchase. The timing will be displayed prior to confirming your order.

You may see the funds immediately debited from your bank account when you initiate the transfer, but the funds will not be transferred to your wallet until your payment has finished moving between the banks and clears in our bank account.

How To Deposit Money On Coinbase

After the banks have processed the transfer, the funds enter our system and you will see the money in your account sometime before the end of the estimated delivery day. This date is shown on the confirmation window when placing your order and can be located in the order confirmation email you received from us. End of the day is considered 11:59 PM PST.

How To Deposit Money From Coinbase

Wires
Bank wire transfers may be credited to your Coinbase Pro account on the same day if submitted by 1:00 PM PT. Otherwise, funds will typically be available after one business day.