What is the process for selling BTC from Binance to Coinbase?
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Can you explain the step-by-step process for selling BTC from Binance to Coinbase? I want to transfer my Bitcoin from Binance to Coinbase and convert it into fiat currency. What are the necessary steps and precautions I should take?
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1 answers
- Selling BTC from Binance to Coinbase is a straightforward process. Here's what you need to do: 1. Log in to your Binance account and go to the 'Wallet' section. 2. Locate your BTC balance and click on 'Withdraw'. 3. Enter your Coinbase BTC wallet address and the amount of BTC you want to transfer. 4. Confirm the withdrawal and wait for it to be processed. 5. Once the BTC is successfully withdrawn from Binance, log in to your Coinbase account. 6. Navigate to the 'Accounts' section and find your BTC wallet. 7. Click on 'Receive' to get your Coinbase BTC wallet address. 8. Return to Binance and go to the 'Wallet' section again. 9. Find your BTC balance and click on 'Deposit'. 10. Enter your Coinbase BTC wallet address and the amount of BTC you want to deposit. 11. Confirm the deposit and wait for it to be processed. Remember to verify the wallet addresses before initiating any transactions. Additionally, consider the transaction fees and withdrawal limits imposed by Binance and Coinbase. I hope this explanation is helpful! If you have any more questions, feel free to ask.
Feb 19, 2022 · 3 years ago
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