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How to move profits from binance back to Coinbase(GDAX) - YouTube
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what's up everybody so like I said I
love answering the comments and helping
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everybody out I got the question on now
how do you do it all backwards
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how do you take your profits so I'm
gonna go ahead and show you I might not
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be able to show you a live version but
I'm gonna show you all the steps you
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need to take to get your money back on a
GDAX back on the coin base and to take
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your profits home so I've actually
personally done this already so I can
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explain this pretty well so let's go
ahead and jump in the first thing you're
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gonna do because if you're using
altcoins you're gonna go to your Binance
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account you're gonna go to funds deposit
withdrawals and you convert everything
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back into Bitcoin and I know you're
thinking well why did we use as litecoin
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well Binance isn't gonna kill you like
coinbase did and fees so you don't want
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to get beat up in fees so once again
work going to whatever altcoin that
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you're transferring your profit from so
let's say I picked Tron or TRX let's say
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I want to take my profit home I go into
Tron TRX on the exchange and I'm gonna
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sell it to Bitcoin so I would hundred
percent and I'd sell to Bitcoin now once
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you have the Bitcoin this is where you
probably aren't gonna believe me but you
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go to deposit withdrawals tap in BTC for
your Bitcoin and think about it as your
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bank you want to withdraw this money you
want to a draw your Bitcoin so for
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instance I'm gonna hit withdrawal and
it's gonna ask you
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what address do you want to withdraw it
to the amount and its gonna show you the
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fee so there is gonna be a fee but like
I said it's not gonna be that bad and as
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you can see there is a minimum
withdrawal for Bitcoin as of right now I
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technically can't even withdrawal my
Bitcoin so this might be where you have
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to use for instance you might have to
use ETH so we'll look at deposit on ETH
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and you can see there is no minimum or I
hit with sorry there's a minimum on ETH
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which I also don't meet that minimum so
you have to meet these minimums to be
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able to send the money back
so once you've hit that you'll be able
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to send the money so I'm gonna go back
to Bitcoin just for demonstration
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purposes I'm gonna withdrawal will
pretend I have enough so I typed that
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amount in or are you hit max you're
gonna have to pay the fee so this
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address is just pre-populating because
I've already used one before and it
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saves it see how it says GDAX so how
did I get that address well I'll pull up
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my GDAX account and I'm sending in
bitcoins so I would go to Bitcoin USD
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and just like once again think of it as
a bank account I'm gonna be making a
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deposit into GDAX and I'm gonna need
the Bitcoin address BAM that's your
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Bitcoin address make sure that you are
reading everything correctly you don't
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want to mess this up so I am depositing
my money my Bitcoin back into GDAX and
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you see that and there's also the
minimum deposit amount is zero point
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zero
on Bitcoin I'm out less than this will
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remain in your regular coinbase account
so if you send money back over for some
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reason and you don't meet that minimum
you might it might just throw it into
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your coin based account which that's
fine that's not that's a good thing no
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worries there and I will show you that
I've actually made these types of
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transactions some way
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due to do
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trying to find my biggest one
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it looks a lot better on coinbase this
is you know this website even though
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it's a part of coin and base a lot of
people get really comfortable with
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coinbase and that's where they're
getting killed on the fees so transfers
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and you'll see I made some deposits and
let's see that's probably my big one
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I'll show you on coinbase cuz it shows
it shows the same thing I don't know why
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it's being so difficult so here's the
one for instance received a Bitcoin from
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Bitcoin address so I sent it from by
Nance to GD X and then I transferred it
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and then there should be a withdrawal oh
when I got it to GD x I sold the Bitcoin
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for USD and you'll see this transferred
funds withdrawal funds so it's gonna get
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confusing because you're like how do i
do all these steps backwards so well
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we'll just go over this one more time so
you're taking your Bitcoin you
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transferred everything into Bitcoin
because bitcoins how you do all this
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you're sending it to your GD X deposit
address
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so G Dax and you're sending Bitcoin in
so you're making a deposit
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once the Bitcoin lands on the GDX you're
gonna sell it and you can use limit and
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if you don't have enough you can use
market and so then you're going to have
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USD and once you got USD
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as you can see you could hit your max
and you can withdraw funds right in your
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bank account and I will tell you I've
done this and I couldn't believe it
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it only took a day have you transferred
money in you have to wait ages but if
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you transfer money out it's like instant
so hopefully this was not too hard to
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follow I know I kind of jumped around a
little bit so I hope this video helps
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you I'm sure I'm gonna get a ton of
questions and I'm completely okay with
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that and answering them so once again go
ahead and put it in the comments if you
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have any issues or need any more help
and sorry for any kind of confusion like
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I said this is a lot I've only had to
take money out like twice most of my
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money I just put it in and leave it but
this is how you're gonna do the return
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in the reverse order thank you very much
I hope you guys have a great day and
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stay happy
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