QUESTION
What is the cheapest method for transferring funds from Binance to Coinbase?
ANSWER
The cheapest method for transferring funds from Binance to Coinbase typically involves withdrawing funds via a cryptocurrency that has low transaction fees and is supported by both exchanges. One should choose a coin with minimal network fees, such as Litecoin (LTC), Ripple (XRP), or Stellar (XLM), to avoid the higher fees associated with Bitcoin (BTC) or Ethereum (ETH). It's imperative to ensure that the chosen cryptocurrency is supported on Coinbase for deposit. After selecting the appropriate currency, one would withdraw from Binance to their personal wallet address on Coinbase, carefully following the instructions provided by both exchanges to ensure a successful transfer. Always double-check the addresses and keep an eye on the respective blockchains' congestion levels, which might affect the withdrawal cost and time.
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