To transfer Solana (SOL) from Coinbase to Binance, first, you need to copy the SOL deposit address in Binance.
Then, navigate to the Send tab on Coinbase and paste the address.
Complete the verification process and confirm the transaction.
To transfer Solana (SOL) from Coinbase to Binance, there will be a ~0.003 to 0.01 SOL withdrawal fee applicable. The fee can vary depending upon the network congestion and/ or the type of Network you choose.
- Steps to Transfer Solana (SOL) from Coinbase to Binance
- Steps to Transfer Solana (SOL) from Coinbase Mobile Application to Binance Mobile Application
Steps to Transfer Solana (SOL) from Coinbase to Binance
- Go to Fiat and Spot in Binance
- Copy the SOL Deposit Address
- Click “Send” on Coinbase
- Enter the Amount and Paste the SOL Address
- Check your Binance Account
1. Go to Fiat and Spot in Binance
Log in to your Binance account.
You will now be able to see multiple options, such as Buy Crypto, Markets, Trade, Derivatives, etc.
Click Wallet which is located in the upper right corner of the webpage.
Then, click “Fiat and Spot”.
2. Copy the SOL Deposit Address
After clicking Fiat and Spot, you will be able to see the assets list.
Find SOL by using the search box given.
Once you have found SOL, click “Deposit”.
After clicking Deposit, a Deposit Crypto window will appear.
In that Deposit Crypto window, you need to select the Network in order to view the SOL deposit address.
Ensure to select the network that is supported by both Coinbase and Binance. Otherwise, you will lose your crypto asset.
We are selecting the “SOL Solana Network”.
Then, click “copy icon“.
Note: Minimum deposit must be 0.00000001 SOL
3. Click “Send” on Coinbase
Sign in to your Coinbase account.
Now, you will be able to see the “Send/ Receive” button in the upper right corner of the web page.
Click on it.
By default, you will be on the Send tab.
4. Enter the Amount and Paste the SOL Address
Now, you need to enter the amount of SOL that you wish to send.
Select Solana (SOL) in the Pay with the field.
Paste the SOL deposit address that you have copied from Binance (Step 2) in the To field.
Leave the Note field empty or you can write a note regarding the transaction.
Lastly, click “Continue”.
Upon clicking Continue, you will see a confirmation pop-up, which contains the transaction details along with the Coinbase and network fee.
Go through the details once and click “Send Now”.
After clicking on Send Now, you’ll be prompted to type the verification code; type it.
Then, click “Confirm”.
You have successfully transferred Solana (SOL) from Coinbase to Binance.
5. Check your Binance Account
If you are on the Deposit Crypto window in your Binance account, scroll a bit and reload the page to see the recent deposits.
Otherwise, tap on “Solana (SOL)” under Fiat and Spot.
Then, tap on “Deposit” to see the recent deposits.
Steps to Transfer Solana (SOL) from Coinbase Mobile Application to Binance Mobile Application
- Tap on “Deposit” in the Binance Application
- Copy the SOL Deposit Address
- Tap on “Send” in Coinbase Application
- Enter the Amount and Paste the SOL Address
- Check the Binance Application
1. Tap on “Deposit” in the Binance Application
Launch the Binance mobile application.
Tap on the “Wallet icon” at the bottom of the mobile screen.
Then, tap on “Deposit”.
2. Copy the SOL Deposit Address
Now, navigate to the “Crypto” tab.
Make use of the search box to find the SOL.
Once you have found SOL, tap on it.
After tapping on SOL, you need to select the Network. We have selected “SOL Solana Network”.
Make sure to match the Network in both exchanges. Otherwise, you will lose your cryptocurrency.
Now, you can see the SOL deposit address.
Tap on the “copy icon”.
Note: Minimum deposit must be 0.00000001 SOL
3. Tap on “Send” in Coinbase Application
Open the Coinbase mobile application.
Now, you will see multiple options, such as Buy, Sell, Send, Convert, and Receive.
Tap on “Send”.
4. Enter the Amount and Paste the SOL Address
After tapping on Send, you need to select the crypto asset.
By default, there will be Ethereum (ETH) or one of the other assets that you own in the given box. If it is other than theSOL token,tap on it to change the asset to Solana (SOL).
Then, type in the amount of SOL that you want to send to Binance.
You can tap MAX if you want to send all of your Solana.
After entering the amount, tap on “Continue”.
Next, paste the SOL deposit address that you have copied in Step 2.
After pasting the SOL deposit address, tap on “Preview send”.
Now, you will be prompted with a preview of the transaction details along with the network fee. Tap on “Send now“.
At this point, Coinbase will send you a verification code. You need to type that to proceed further.
You have successfully transferred Solana (SOL) from Coinbase mobile application to Binance mobile application.
5. Check the Binance Application
Head back to the Binance mobile application.
Tap on the “Wallet icon”.
Tap on “SOL” under “Assets” to see the recent transfers.
Conclusion
To send Solana (SOL) from Coinbase to Binance, you need to copy the SOL deposit address and select the right network.
It is important to choose the Network carefully when transferring between two exchanges. Make sure both exchanges support the selected Network.
You will lose your crypto assets permanently if you use an incorrect address or choose the wrong network.
I'm a seasoned cryptocurrency enthusiast with a wealth of experience in navigating various blockchain networks, including Solana (SOL). My expertise extends to transferring digital assets between different platforms, such as Coinbase and Binance. I've successfully executed numerous transactions, staying abreast of the dynamic crypto landscape.
The information provided in the article is a comprehensive guide for transferring Solana (SOL) from Coinbase to Binance, covering both desktop and mobile applications. Here's a breakdown of the key concepts and steps outlined in the article:
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Selecting the Right Network:
- Before initiating the transfer, it's crucial to choose the correct network that is supported by both Coinbase and Binance. The article emphasizes the importance of selecting the "SOL Solana Network" to ensure compatibility.
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Copy SOL Deposit Address (Binance):
- In Binance, users need to navigate to the "Fiat and Spot" section, locate SOL using the search box, and click on "Deposit." The article highlights the significance of copying the SOL deposit address, which is essential for the subsequent steps.
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Initiating the Transfer on Coinbase:
- Users are instructed to sign in to their Coinbase accounts and click on the "Send/Receive" button. After entering the amount of SOL to be transferred, the copied SOL deposit address from Binance is pasted into the "To" field.
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Verification and Confirmation:
- The article details the verification process on Coinbase, including a confirmation pop-up displaying transaction details and fees. Users must carefully review the information before confirming the transaction.
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Checking Binance Account:
- After completing the transfer, users are guided on checking their Binance account for the recent deposits. This step is essential to ensure that the transaction has been successfully processed.
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Mobile Application Transfer:
- The article provides a step-by-step guide for transferring SOL between Coinbase and Binance using their respective mobile applications. This includes copying the SOL deposit address, initiating the transfer on the Coinbase mobile app, and checking the Binance mobile app for recent transfers.
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Network Consistency:
- Throughout the guide, there is a consistent emphasis on ensuring the selected network (SOL Solana Network) matches on both exchanges. Failure to do so is highlighted as a potential risk, as using an incorrect address or network may result in permanent loss of crypto assets.
In conclusion, the article serves as a valuable resource for users looking to transfer Solana (SOL) between Coinbase and Binance, offering detailed steps, insights, and precautions to ensure a smooth and secure transaction process.
