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How to Move SHIB from Binance to Coinbase: A Step-by-Step Guide
Aicha Vitalis2024-09-21 22:52:07【markets】2people have watched
Introductioncrypto,coin,price,block,usd,today trading view,In the world of cryptocurrency, SHIB has gained significant popularity as a decentralized meme coin. airdrop,dex,cex,markets,trade value chart,buy,In the world of cryptocurrency, SHIB has gained significant popularity as a decentralized meme coin.
In the world of cryptocurrency, SHIB has gained significant popularity as a decentralized meme coin. If you are a SHIB holder and looking to move your tokens from Binance to Coinbase, you have come to the right place. This article will provide you with a detailed step-by-step guide on how to move SHIB from Binance to Coinbase. Let's get started!
1. Create a Coinbase Account
Before you can move your SHIB from Binance to Coinbase, you need to have a Coinbase account. If you already have one, skip to the next step. If not, follow these steps:
a. Visit the Coinbase website (www.coinbase.com) and click on "Sign Up."
b. Enter your email address, create a password, and click "Create Account."
c. Verify your email address by checking your inbox and clicking the verification link.
d. Complete the Know Your Customer (KYC) process by providing your personal information, including your full name, date of birth, and address.
e. Once your account is verified, you can proceed to the next step.
2. Create a Wallet on Coinbase
To receive your SHIB on Coinbase, you need to create a wallet. Here's how:
a. Log in to your Coinbase account.
b. Click on the "Accounts" tab located at the top of the page.
c. Click on "Create Wallet" next to the cryptocurrency you want to receive (in this case, SHIB).
d. Follow the instructions to create a new wallet. You will receive a recovery phrase; make sure to keep it safe and secure.
3. Copy Your SHIB Wallet Address on Binance
To move your SHIB from Binance to Coinbase, you need to copy your SHIB wallet address on Coinbase. Here's how:
a. Log in to your Binance account.
b. Go to the "Wallet" section and click on "Deposit."
c. Search for SHIB in the search bar and select it.
d. Copy the SHIB wallet address provided by Coinbase.
4. Move SHIB from Binance to Coinbase
Now that you have your SHIB wallet address on Coinbase, it's time to move your SHIB from Binance. Follow these steps:
a. Log in to your Binance account.
b. Go to the "Wallet" section and click on "Withdraw."
c. Search for SHIB in the search bar and select it.
d. Enter the amount of SHIB you want to move from Binance to Coinbase.
e. Paste the SHIB wallet address you copied from Coinbase into the "Recipient Address" field.
f. Enter the network fee (in this case, Ethereum network fee) and click "Withdraw."
g. Confirm the withdrawal by entering your Binance account password and 2FA code (if enabled).
5. Wait for the Transaction to Be Processed
Once you have completed the withdrawal process, the transaction will be processed on the Ethereum network. The time it takes for the transaction to be confirmed can vary, but it usually takes a few minutes to a few hours.
6. Verify the Transfer on Coinbase
After the transaction is confirmed, you should see your SHIB in your Coinbase wallet. To verify the transfer:
a. Log in to your Coinbase account.
b. Go to the "Accounts" tab and click on "Wallets."
c. Look for the SHIB wallet and check the balance.
Congratulations! You have successfully moved SHIB from Binance to Coinbase.
Remember, it's crucial to keep your private keys and recovery phrases secure to prevent unauthorized access to your cryptocurrency. Always double-check the wallet addresses before making any transactions to avoid sending your SHIB to the wrong address.
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