Coinbase is one of the most popular cryptocurrency exchanges, and it allows you to buy and sell Bitcoin and other major digital currencies. Binance is another popular exchange that offers a different range of coins. So, if you’re looking to trade Bitcoin for another cryptocurrency, you’ll likely need to use both Coinbase and Binance. But how long does it take to send Bitcoin from Coinbase to Binance?
Checkout this video:
It depends on the network traffic, but it usually takes around 30 minutes.
What is Bitcoin?
Bitcoin is a cryptocurrency and a payment system, first proposed by an anonymous person or group of people under the name Satoshi Nakamoto in 2008.
Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment.
What is Coinbase?
Coinbase is a digital asset exchange company headquartered in San Francisco, California. They broker exchanges of Bitcoin, Ethereum, Litecoin and other digital assets with fiat currencies in 32 countries, and bitcoin transactions and storage in 190 countries worldwide.
What is Binance?
Binance is a cryptocurrency exchange that offers a platform for trading various cryptocurrencies. As of January 2018, Binance was the largest cryptocurrency exchange in the world in terms of trading volume. Binance was founded in 2017 by Changpeng Zhao and Yi He.
How long does it take to send Bitcoin from Coinbase to Binance?
The answer to this question depends on a few factors, but in general, it should take about 30 minutes for your Bitcoin to arrive in your Binance account. Here are a few things that can affect the speed of your transaction:
-The amount of Bitcoin you’re sending. Larger amounts of Bitcoin may take longer to arrive than smaller amounts.
-The current network conditions. If the Bitcoin network is congested, your transaction may take longer to confirm.
-The fee you’re paying. Transactions with higher fees are more likely to be confirmed by miners more quickly.
If you want to check on the status of your transaction, you can use a Blockchain Explorer like BlockCypher or Block explorer.
Based on our research, it takes an average of 18 minutes to send Bitcoin from Coinbase to Binance. However, transaction times can vary greatly depending on network conditions. For example, if there is a lot of traffic on the Bitcoin network, it could take up to an hour or longer for your transaction to go through. Therefore, we recommend that you allow for at least 60 minutes when sending Bitcoin from Coinbase to Binance.