How to Transfer BTC From Binance to Coinbase: An Essential Guide

Many crypto enthusiasts settle on their favorite crypto exchange eventually, but there are plenty of reasons why you might want to transfer your funds from one exchange to another at some point. In this guide, I’ll show you how to transfer BTC from Binance to Coinbase (or the other way around) in just a few easy steps!

Both of these platforms are some of the most popular centralized exchanges worldwide – and, fortunately, they make it easy to move your funds in and out. Still, if you don’t have much experience with withdrawing and depositing crypto yet, there are a few potential pitfalls to be aware of.

How long does it take to transfer BTC from Coinbase to Binance or vice versa? How much does it cost, and how to handle those rare (but not impossible) cases when your withdrawals or deposits get stuck in the transfer? Find out all this and find some extra tips at the end!

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What Are the Prerequisites for Transferring BTC from Binance?

Before we begin there are a few things you should know or prepare in advance. First of all, you’ll need a working account on both exchanges. If, for example, Binance is your regular, go-to exchange, and you’ve never used Coinbase before, you'll need to register there. You can find a guide on how to do that in this Coinbase review. If you don't have an account on Binance, check out this review.

Once you’re fully registered on both exchanges, make sure you’ve passed their KYC first. Coinbase requires users to complete identity verification before they’re allowed to deposit or withdraw funds from it, while Binance only allows unverified accounts to withdraw small amounts of crypto.

📚 Check Out: What is KYC?

Withdrawal Fees & Limits

Now that you’re all set up, it’s time to get on the subject of withdrawal fees. While most crypto exchanges offer free crypto deposits, all withdrawals are usually subject to fees. In the case of crypto withdrawals, you’ll typically have to pay the network fee to move your assets off the exchange.

As the name suggests, they differ depending on the network. For example, if you’re learning how to transfer BTC from Binance to Coinbase, you can choose between five networks. Here are their withdrawal fees and the minimum limits:

Table: Binance's Bitcoin withdrawal fees and limits

If possible, choose the most efficient network, such as BNB Smart Chain, but keep in mind that network fees can fluctuate at any time, based on factors like traffic congestion. Also, not all exchanges support the same networks. Coinbase does not support Bitcoin deposit via BNB Smart Chain, for example.

Last but not least, be aware that both Binance and Coinbase have maximum withdrawal limits, as well. In Binance’s case, the limit depends on your level of KYC verification: unverified accounts are limited to up to ~0.06 BTC per day, while those with Basic verification can withdraw up to ~2 BTC daily. Meanwhile, Advanced KYC unlocks up to 100 BTC withdrawals on a daily basis (or ~72.69 BTC per hour).

In contrast, Coinbase has no crypto withdrawal limits for verified accounts, while the minimum withdrawal amount is 0.0001 BTC.

How to Transfer BTC Between Binance and Coinbase: Step-by-Step Tutorials

Once you have everything you need in order, we can move on to the actual process of how to transfer BTC from Coinbase to Binance (or whichever direction you need)! As you’ll see, it’s actually pretty straightforward – at least if everything goes smoothly (I’ll explain what to do if it doesn’t later in this guide).

Send BTC From Binance to Coinbase

Let’s say you have some Bitcoin in your Binance account and want to move it to Coinbase. Here’s what you’ll have to do:

That’s it! Even before this withdrawal goes through, you can see it in the Recent Withdrawals section just below the withdrawal panel, with its Status on the right.

Send BTC From Coinbase to Binance

Now that I’ve covered the previous bit, it’s time to explain how a reverse transfer works. Here’s how to send Bitcoin from Coinbase to Binance:

All done! Now you just have to wait for the transfer to arrive.

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How Long Do Bitcoin Transfers Take?

You’ve done it: your withdrawal was sent successfully, and now you’re eagerly waiting for your assets to arrive. But as the status stubbornly says “Pending”, you’re starting to worry – did something go wrong? Not necessarily!

The thing is, crypto deposits and withdrawals aren’t usually instant. Even if, on the user’s end, it only takes a few clicks, the process of how to transfer BTC from Binance to Coinbase or the other way around involves a lot more steps for both exchanges involved. Here’s what it looks like from the moment you click [Withdraw] to the moment the assets appear in your account on another exchange:

So, here’s the ultimate question most crypto newbies are curious about: how long does it take to transfer BTC from Coinbase to Binance? There’s no single answer here; it depends on a multitude of factors.

One key factor you actually do have control over (unlike most others) is the network. Some blockchains are a lot faster than others due to their consensus mechanism type, block time, number of required confirmations, and throughput (the number of transactions per second the network can process).

For example, Bitcoin can add one block every ~10 minutes, while Ethereum takes ~12–15 seconds per block, making it much faster. What’s more, Bitcoin’s Proof-of-Work (PoW) consensus mechanism is slower than Ethereum’s Proof-of-Stake (PoS). Overall, Bitcoin has a TPS of roughly 7, while Ethereum can handle ~15 TPS.^[1]

The speed of withdrawals and deposits is also influenced by the exchange. Some have a stricter internal verification process than others, which might involve reviewing unusual transactions or large transfers for anti-money laundering (AML) compliance, or other types of security checks.

Transaction size is another factor. Larger transactions (in terms of bytes, not the amount of crypto you’re transferring) cost more in fees, and transactions with higher fees tend to be prioritized^[2] by miners or validators. Which means that if your transaction is small or has low fees, it will likely take longer to go through.

Finally, you should take timing into account. If you think of a blockchain as a sort of highway for transactions, it’s easy to imagine why it might get “jammed” if too many transactions are trying to go through at the same time. A high number of pending transactions during peak times can cause network congestion and, in turn, delay your deposits and withdrawals for as much as a few hours.

In a nutshell, if you’re learning how to transfer BTC from Coinbase to Binance or in the opposite direction, one of the first things you’ll need to be aware of is that there’s no way to tell in advance how long your deposits and withdrawals will take. It could be anywhere from a couple of minutes to several hours.

📚 Check Out: Understanding Bitcoin Transaction Time

Troubleshooting: What to Do if Your Transaction Goes Wrong

Having said that, if you’ve waited for a few hours and still see no signs of your assets, it’s probably time to take action.

Before I explain how to do that, here’s a quick memo on the most common reasons for transactions to get lost or fail to arrive.

The first thing to look out for is mistakes with the wallet address. If all you do is leave a typo and end up entering a wallet address that doesn’t exist, it’s not much of an issue: Binance and Coinbase will simply flag the address as incorrect and won’t let you proceed.

However, if you provide an existing wallet address that’s not the one you intended, and it happens to belong to another person, you’re pretty much out of luck, since blockchain transactions are immutable and can’t be reversed.

What’s more, neither Binance nor Coinbase warns you if the wallet address you entered exists but doesn’t match the network you chose. For example, if you’re in the process of how to transfer BTC from Coinbase to Binance on the Bitcoin network, and on Binance’s “Deposit” section, you correctly selected BTC as the coin you’re transferring, but picked Lightning as your network, and copied the BTC Lightning wallet address, your assets will be lost.

In very rare cases, your transactions might be stuck because of issues on the exchange side, such as the servers being down – but with reliable, top-rated platforms like Binance and Coinbase, that’s not something you’ll probably need to worry about!

What you’re more likely to run into, however, is exchanges temporarily suspending deposits and/or withdrawals for certain tokens due to network upgrades, outages, network congestion, or other issues. This rarely happens with Bitcoin, but still, it’s a good idea to take a look at the exchange’s Deposit & Withdrawal Status page and check if BTC deposits and withdrawals are still up.

📚 Check Out: Bitcoin Withdrawal Pending: Causes and Solutions

How to Check the Transaction Status on Binance and Coinbase

It goes without saying that learning how to send Bitcoin from Binance to Coinbase should also include knowing how to tell what’s happening with your transaction right now. Luckily, it’s pretty easy to do! Centralized exchanges keep a record of all your transactions.

On Binance, you can find this data by hovering over the wallet icon on the top menu bar and clicking [Transaction History]. From there, select [Deposit] or [Withdraw] on the “Type” section, and you’ll see the whole list of all the relevant transactions, including their time, cryptocurrency, amount – and, of course, status.

Meanwhile, if you want to check your deposits and withdrawals on Coinbase, click [Transactions] on the left sidebar on your dashboard, and you’ll see an equivalent page with all your transactions and their details. Similarly to Binance, you can filter your transactions by type, status, asset, and date.

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How to Recover Lost Bitcoin Deposits on Binance

The good news is that, in some cases, it is possible to recover lost Bitcoin deposits on Binance! This exchange offers self-service for asset recovery. Which is why the final step in learning how to send Bitcoin from Coinbase to Binance is figuring out how to retrieve a lost deposit (if possible).

And here’s another sidenote (which most readers probably won’t be happy about): you can only recover deposits through this procedure if they appear on your transaction history and their status says “Successful”. Each transaction comes with its own transaction tag or memo that’s unique to that specific transaction.

Here’s how to do this on Binance:

Here you go! The recovery might take from 5 to 30 working days, depending on the type.

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Alternative Ways of Recovery on Binance and Coinbase

If you need to recover a BTC deposit on Coinbase, though, you’re out of luck: this exchange only extends the above-mentioned option to ERC-20, BEP-20 and SPL tokens, but not Bitcoin.

However, that doesn’t necessarily mean all is lost. If, for example, you’ve done everything you could to recover your BTC, but the funds still haven’t arrived in your account, you can always contact Binance or Coinbase's customer support team directly. They both feature several options, including a live chat and a support request ticket.

Best Tips for Smoother Bitcoin Transfers

Hopefully, after finishing this guide, you now know exactly how to transfer BTC from Binance to Coinbase or vice versa. But, as they say, there’s always room for improvement! Here are a few more simple tips and tricks to make sure your BTC transfers go through as smoothly as possible:

This is it! Once you get the hang of it, depositing or withdrawing Bitcoin should be a breeze, and soon enough, the only thing you’ll be worrying about is how to save on the fees.

Reasons to Transfer Bitcoin Between Crypto Exchanges

If moving crypto from one exchange to another isn’t always risk-free, you might be wondering – is it actually worth it in the first place? Here's why or when knowing how to transfer BTC from Binance to Coinbase might come in handy:

• Security & Diversification. You’ve probably heard the saying, “Don’t store all your eggs in one basket”. The same certainly applies to crypto: exchanges can go down or get breached, or even close down for good, and if you have a lot of Bitcoin, it’s safer not to keep it all in one place.
• Better Liquidity and Market Timing. Different crypto exchanges have different liquidity levels for various crypto trading pairs. If you want to trade Bitcoin with some of the rarer coins, it makes sense to choose an exchange with higher liquidity for that pair so that you’ll have less slippage.

• Lower Fees. On many centralized exchanges, including Binance and Coinbase, every crypto has different withdrawal fees, so if you withdraw frequently, you might want to prioritize keeping your BTC in an exchange with lower fees. The same goes for trading fees if you buy or sell crypto often.
• Access to Exclusive Tokens or Trading Pairs. It might be that your current favorite exchange won’t have the specific BTC trading pair you’re after, but another one might.
• Promotional Campaigns. If, let's say, Coinbase is currently running a promotional program you want to take advantage of, it would pay off to transfer some of your BTC from Binance to Coinbase.

As you can see, there are plenty of reasons why you’d want to learn how to send Bitcoin from Binance to Coinbase or any other crypto exchange!

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Conclusions

Learning how to transfer BTC from Binance to Coinbase or the other way around is an essential skill if you’re a fan of both exchanges and own a fair amount of Bitcoin. At some point, you’ll probably want to take advantage of things like better liquidity or lower trading fees on one of the platforms, or simply feel the need to distribute your assets more evenly instead of keeping them all in one place.

Even though depositing and withdrawing Bitcoin is quite easy once you’re used to it, look out for the most common mistakes. Always double-check your Bitcoin wallet address and make sure you select the same network on both exchanges when depositing and withdrawing. Bitcoin transfers can take anywhere from a few minutes to several hours.

The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.

Scientific References

1. Zhao C., Zhang S., Wang T., Liew S. C.: 'Bodyless block propagation: TPS fully scalable blockchain with pre-validation';

2. Malakhov I., Marin A., Rossi S.: 'Analysis of the confirmation time in proof-of-work blockchains'.