The most stupidly-simple way you can buy some Ripple (XRP), Stellar (XRM) or any other weirdly named alt-coin is through Binance.
Now do remember that Binance is not like a shop where you can just buy as much as Bitcoin, Ether (Ethereum) or any other cryptocurrencies as much as you want.
It is an exchange.
Which means you need to buy your Bitcoins and your Ethers at a place like Coinbase and then have it deposited into Binance to be exchanged for the coins you really want.
You get how it works now right?
In this guide, I’ll show you how you can transfer your Bitcoins, Ethers, Litecoins, and others from your Coinbase account to your Binance account.
You can transfer your Bitcoin, Bitcoin Cash, Ether (Ethereum), or Litecoin from your Coinbase to Binance but do know that the if you transfer Bitcoin Cash or Litecoin from Coinbase, you’ll then have to convert them into Bitcoin, Ether(Ethereum), or Binance Coin (which is Binance’s own in-platform coin) to trade the coins on Binance.
How to Transfer from Coinbase to Binance: 5 Steps
Step 1: Jump into your Coinbase and then at the top of your screen select Accounts. (If you’re on mobile then Accounts will be at the bottom of your screen)
Step 2: Next, choose the cryptocurrency that you want to send from your wallets.
Step 3: Now you have to enter the address that is found in your Binance. (If you’re on mobile tap on the little paper airplane icon which is on your top right-hand side of your screen and then you will be asked to enter the amount you want to send and tap on Send. Don’t worry! It won’t be sent yet because you still need to give it your Binance deposit address).
To find this address just jump into your Binance account, select Funds at the top of your screen (or at the bottom if you’re on mobile) and then tap on Deposits Withdrawals. (on mobile it’s just Deposit at the top).
Once that’s done just tap on Deposit on the cryptocurrency you’re transferring and then get the Deposit Address. Voila!
If you’re still confused, I’ve created a step-by-step guide with pictures for you to follow. 🙂
Step 4: You’re doing exceptionally well! Now, all that you have to do is just enter the address that you just got right under Recipient in your Coinbase. Just choose the amount you want to send. (On Mobile just add the address that you’ve just got and then hit Send and you’re done!)
Step 5: Finally, hit Continue and make sure to check all the details of the transaction and then complete the send. Done.
Your cryptocurrency will now be transferred from your Coinbase to your Binance account. Just give it 15-30 minutes (or maybe longer at times) and then you can check your Binance account if it has been deposited yet. You can also check your Coinbase for Transactions if it has successfully gone through.
Share this guide with anyone who’s having trouble finding the way around transferring their funds from their Coinbase account into their Binance account. 🙂