How to Withdraw From Phantom Wallet to Binance Exchange 2025
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Withdrawing Solana (SOL) from your Phantom wallet to Binance is a straightforward process. This guide will walk you through each step to ensure your transaction is secure and seamless. First, log in to your Phantom wallet.
Open the wallet extension or app and ensure you have sufficient SOL for both the withdrawal amount and transaction fees.
Once inside, locate your SOL balance, and click on it to access the "Send" option. You will need the Binance SOL deposit address, so keep your Binance account ready.
Next, log in to your Binance account and navigate to the deposit section. Search for Solana (SOL) from the list of supported cryptocurrencies and select it. Binance will generate a unique Solana deposit address and an optional memo (if applicable). Copy this address carefully. Return to your Phantom wallet and paste the Binance deposit address in the recipient field. Double-check the address for accuracy to avoid losing funds. Enter the amount of SOL you wish to withdraw and review all the details carefully before proceeding.
Finally, confirm the transaction in Phantom by clicking the "Send" or equivalent button. The wallet will prompt you to confirm the transaction using your password or biometrics. Once the transaction is submitted, you can monitor its progress using the Solana blockchain explorer or your Binance account. Deposits typically take a few minutes, but processing times may vary based on network congestion. Once the transaction is confirmed, your SOL balance will reflect in your Binance wallet, ready for trading or other activities.