Transfer Crypto between Kraken & Binance - Simple Step by Step Tutorial | 2022
There are around 600 cryptocurrency exchanges available worldwide. Some offer the cheapest rates, whereas others provide more coins to trade. Then to make use of these benefits, sometimes you will have to transfer the assets from one exchange to another.
Moving your crypto between Binance and Gate is easy and can be done in a few simple steps.
Moving your crypto between Coinbase and Binance is easy and can be done in a few simple steps.
Moving your crypto between Coinbase and Gate is easy and can be done in a few simple steps.
Moving your crypto between Coinbase and Kraken is easy and can be done in a few simple steps.
Moving your crypto between Etorro and Binance is easy and can be done in a few simple steps.
Moving your crypto between Etorro and Coinbase is easy and can be done in a few simple steps.
Moving your crypto between Etorro and Gate is easy and can be done in a few simple steps.
Moving your crypto between Etorro and Kraken is easy and can be done in a few simple steps.
Moving your crypto between Kraken and Binance is easy and can be done in a few simple steps.
Moving your crypto between Kraken and Gate is easy and can be done in a few simple steps.
And in this blog, I am going to show you how. So let's get started.
To make it short, I will assume that you are done with the registration process and that you have a Binance and Gate account.
To make it short, I will assume that you are done with the registration process and that you have a Coinbase account and a Binance account.
To make it short, I will assume that you are done with the registration process and that you have a Coinbase account and a Gate account.
To make it short, I will assume that you are done with the registration process and that you have a Coinbase account and a Kraken account.
To make it short, I will assume that you are done with the registration process and that you have an Etorro account and [Binance, Coinbase, Kraken, Gate, Etorro] account.
To make it short, I will assume that you are done with the registration process, and you have a Binance, Coinbase, Kraken, Gate, Etorro account and Binance, Coinbase, Kraken, Gate, Etorro account.
To make it short, I will assume that you are done with the registration process, and you have a Binance, Coinbase, Kraken, Gate, Etorro account and Binance, Coinbase, Kraken, Gate, Etorro]account.
To make it short, I will assume that you are done with the registration process, and you have a Binance, Coinbase, Kraken, Gate, Etorro account and Binance, Coinbase, Kraken, Gate, Etorro account.
To make it short, I will assume that you are done with the registration process, and you have a Binance, Coinbase, Kraken, Gate, Etorro account and Binance, Coinbase, Kraken, Gate, Etorro account.
To make it short, I will assume that you are done with the registration process, and you have a Binance, Coinbase, Kraken, Gate, Etorro account and Binance, Coinbase, Kraken, Gate, Etorro account.
A transfer of crypto between any two platforms involves just three steps.
Initiate a transfer from the exchange you want to transfer from. Get the address of the wallet from the exchange you wish to transfer to. Then just provide this address and click send. That's it, You will soon get the network confirmation, and the crypto will be available in your account.
First, I will show how it's done on the Website and later with the app. I will be using Bitcoin as an example, but the process is similar for any other crypto. I will be using Ethereum as an example, but the process is the same for any other crypto. I will be using XLM or Stellar Lumens as an example, but the process is the same for any other coin.
Step 1: Initiate a Transfer
Coinbase
Once you are logged in to the coin base account, you will be taken to the assets page, where you can see all your coins. Initiate a transfer by clicking on the Pay button on the left or the Send Receive button on the top. This will take you to the transfer page. Once you are here, you have to specify the amount you want to be transferred. This can be done in your fiat currency or the crypto but toggling this button. Select the coin you want to send from the drop-down list and the amount you wish to transfer. Now to complete the transaction, you have to provide the recipient wallet address from Binance, Kraken, Gate, Etorro.
Open the Coinbase app from your phone and click on the Send button to initiate a transfer. Now select the coin and the amount you want to transfer. Click continue. The next step is to get the recipient's wallet address.
Binance
Once you are logged in to the Binance account, go to the fiat and spot section in your wallet, where all your assets are listed. Now initiate a transfer by clicking on the withdraw button on the top or go to the currency directly and click on the corresponding withdraw button. Either way, you will reach the Crypto withdrawal page, where you will again have the option to select the coin. Once this is done, the next step is to provide the address of the receiving wallet.
Open the Binance app from your phone. This is the lite version and is enough to do all the basic things. But you also can switch to the advanced mode if you want. We will stick to the lite version for now. Head to the wallet tab and click on the withdrawal button. Now select the crypto you want to send. The next step is to get the recipient's wallet address.
Kraken
Once you are logged into the Kraken account, go to the Funding tab in your wallet, where all your assets are listed. Now initiate a transfer by clicking on the withdraw button on the top and selecting the coin to transfer. This will take you to the deposits and withdrawal page. To complete the transaction, you have to provide the address of the receiving wallet.
Open the Kraken app from your phone. Click on the Transfer tab and select the Withdraw option. Now select the crypto you want to send. The next step is to get the recipient's wallet address.
Gate io
Once you are logged into your gate account, click on the wallet button on top and select withdraw from the drop-down list. You will be redirected to the withdrawal page. You can click on the coin code and pick whichever coin you want to withdraw. In our case, we select Ethereum. Now we have to choose the appropriate network. To transfer Ethereum to Coinbase, select the ETH/ERC20 network. To transfer Ethereum to Kraken, select the ETH/ERC20 network. To transfer Ethereum to Binance, select the Binance Smart Chain, BSC/BEP20 network. And finally, to complete the transaction, you have to provide the recipient's wallet address.
Open the gate app from your phone. Head to the wallet tab and click on the withdraw button. Now select the crypto you want to send. Now we have to choose the appropriate network. To transfer Ethereum to Coinbase, select the ETH/ERC20 network. To transfer Ethereum to Kraken, select the ETH/ERC20 network. To transfer Ethereum to Binance, select the Binance Smart Chain, BSC/BEP20 network. To transfer XLM to Etoro, select the XLM network. The next step is to get the recipient's wallet address.
EToro
With Etoro, you can't directly transfer the coins from your eToro account. You have to move the asset first to your eToro wallet before you can do a transfer. Transferring coins is one-way only, which means that any crypto you transfer from the eToro platform to your wallet cannot be transferred back to the eToro platform. Open the Etoro app and click on the portfolio tab. Now select the asset you want to transfer and click on the action Buy XLM to open the trade window. Here you will have an option to move the coin to your eToro wallet. For those who don't see this option, check if you satisfy all the required conditions. New users have to wait a certain number of days starting from when they first deposited eToro and the payment method used to make that deposit. Also, your remaining equity (total equity minus the transfer amount) must be equal to or greater than the total deposits made with one or more of the below payments. After you complete the transfer, it might take one business day for the asset to be available in the Money wallet. After that, open the eToro money app and select the crypto you want to transfer. Click on the Send button to initiate the transfer. Now next step is to get the recipient's wallet address.
Step 2: Get the Recipient Address
Coinbase
So for that, head over to the Coinbase website, and click on the "Send-Receive" button on the top to open the transfer window. Now go to the "Receive" tab instead of the "Send" tab. Select the coin you want to receive and copy the address.
So for that, head over to the Coinbase app and click on the 3 dots on the top to show additional options. Now select the coin you want to receive and copy the address shown.
Binance
So for that, head over to the Binance website and then go to the Fiat and Spot page, where you can see your crypto assets. Now click on the deposit button on the top or go to the currency directly and click on the corresponding deposit button. Now comes the critical part. You have to select the network through which the transaction happens. Just don't select the cheapest option from the list. You have to ensure that this matches the network from the exchange where you are sending the money. For Bitcoin, it's the BTC network. For Ethereum, you have to select the ERC20 network. For XLM, select the XLM network. Once you select the corresponding network, you will be shown a wallet address to which you can send your coins. Copy this address.
So for that, head over to the Binance app. This is the lite version and is enough to do basic things. But you also can switch to the advanced mode if you want. We will stick to the lite version for now. Head to the wallet tab and click on the withdrawal button. Now go to the crypto tab and select the crypto you want to send. Select the appropriate network. For Bitcoin, it's the BTC network. For Ethereum, select the ERC20 network. You will be shown a wallet address to which you can send your coins. Copy this address
Kraken
So for that, head over to the Kraken website and then go to the Funding tab in your wallet, where all your assets are listed. Now click on the deposit button and select the currency you want to deposit. Now you can create a deposit address by clicking on the generate deposit address button. Copy the generated address.
So for that, head over to the Kraken app. Click on the Transfer tab and select the deposit option. Now select the crypto you want to receive. You will be shown a wallet address to which you can send your coins. Copy this address
Gate io
So for that, head over to the gate website, click on the wallet button on top, and select deposit from the drop-down list. Select the coin you want to receive from the drop-down list. I am going to take ETH in this case. To receive Ethereum from Binance, select the Binance Smart Chain, BSC/BEP20 network. To receive Ethereum from [Coinbase, Kraken], select the ETH/ERC20 network. To receive XLM from Etoro, select the XLM network. Once you choose the appropriate network, you will be shown a wallet address to which you can send your coins.
So for that, head over to the Gate app. Click on the wallet tab and select the deposit option. Now select the crypto you want to receive. Now we have to choose the appropriate network. To receive Ethereum to Coinbase, select the ETH/ERC20 network. To receive Ethereum to Kraken, select the ETH/ERC20 network. To receive Ethereum to Binance, select the Binance Smart Chain, BSC/BEP20 network. To receive XLM from Etoro, select the XLM network. You will be shown a wallet address to which you can send your coins. Copy this address
EToro
So for that, head over to the eToro money wallet app. Select the coin you want to receive from the list. I am going to choose XLM in this case. Click on the Receive button, and you will be shown a wallet address to which you can send your coins. Copy this address
For XLM, you also have to consider the memo tag, which is kind of an additional address feature necessary for identifying a transaction. [Website]
For XLM, you also have to consider the memo tag, which is kind of an additional address feature necessary for identifying a transaction.
Step 3: Provide the Address
Coinbase
Now come back to Coinbase and paste the address in the corresponding field. Click continue, and you will see a summary of the transfer, including the approximate time required to complete the transaction, the Coinbase fee, and the network fee. Coinbase fee is the fee taken by Coinbase for making this transaction and usually is zero. Click on send now. Coinbase will send a code to your phone to complete the 2-factor authentication. You can enter the code from the SMS to complete the transaction and receive the crypto in your [Binance, Kraken, Gate, Etorro] wallet.
Now come back to the Coinbase app and paste the address in the corresponding field. Click continue, and you will see a summary of the transfer. Click on Send Now to complete the transfer.
Binance
Now get back to the Binance Website and paste the address in the address field. Binance will automatically select the corresponding network to carry out the transfer. Now enter the amount and click "Withdraw" to complete the transaction and receive crypto in your [Coinbase, Kraken, Gate, Etorro] account.
Now get back to the Binance app and paste the address in the address field. Binance will automatically select the corresponding network to carry out the transfer. Now enter the amount and click "Withdraw" to complete the transaction and receive crypto in your [Coinbase, Kraken, Gate, Etorro] account.
Kraken
Now get back to the Kraken website and click on the add new withdrawal address button. Paste the address you copied already and then click confirm. An email will be sent to your registered e-mail account to confirm the withdrawal address. So head over to your email app and confirm this. Once you confirm, the address will be listed in the deposit and withdrawal section. Now enter the amount you want to transfer and click the "Withdraw "button to complete the transaction and receive crypto in your [Coinbase, Binance, Gate, Etorro] account.
Now get back to the Kraken app and paste the address in the address field. Enter the desired amount you want to transfer and click "Review" to see the transfer summary. Now complete the transfer and receive crypto in your [Coinbase, Binance, Gate, Etorro] account.
Gate io
Now get back to the gate website and paste the address in the address field. Enter the amount you want to transfer. You would have to complete the additional security verifications by providing the fund password email code and OTP if that's enabled. Now click on "Submit Request" to complete the transaction and receive crypto in your [Coinbase, Binance, Kraken, Etorro] account.k
Now get back to the gate app and paste the address in the address field. Enter the amount you want to transfer. Click the "Withdraw to address" button to complete the transfer.
EToro
Now get back to the eToro money wallet app and paste the address in the address field. Enter the amount you want to transfer. Click the "Withdraw to address" button to complete the transfer.
The procedure is similar but reversed if you want to transfer from [Binance, Coinbase, Kraken, Gate, Etorro] to [Binance, Coinbase, Kraken, Gate, Etorro].
But the crypto transferred to the eToro ends up in your money wallet and can't be moved to the eToro trading platform to buy or sell. You can use it as a storage wallet to keep your crypto and then move it to any other exchange when you want to make a trade.
And to do this in the app, the process is largely similar. The Website provides more options, but I find the app's user interface simpler.
The network selection depends on the options provided by the external wallet/exchange that you are making the withdrawal from. DO NOT select the cheapest fee option. Select the one that is compatible with the external platform. For example, you can only send ERC20 tokens to another ERC20 address. You can only send BSC tokens to another BSC address. If you select incompatible/different deposit networks, you will lose your funds.
The network fee is the money paid to the miners to validate and add the transaction to the blockchain. This could vary according to the traffic in the network and the time you are doing the transfer.
It could take somewhere from seconds to a few minutes for the transaction to be registered on the blockchain and for the coins to be credited in the receiving exchange. The time varies depending on the blockchain and its current network traffic. If you want to reduce the transfer time and escape the enormous network fees associated with specific tokens, you can watch this where I reveal a little secret on how to transfer the assets using an intermediary coin.
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Disclaimer: The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. It is important to do your own analysis before making any investment.
