Binance is one of the top-notch exchanges I have come through in my eight years of experience — let me tell you the easiest guide to deposit and withdraw your cryptocurrency via the great exchange
HOW TO DEPOSIT CRYPTO VIA YOUR DIGITAL WALLET OR OTHER CRYPTO EXCHANGES
Before you can start trading or holding digital assets on Binance, you'll need to deposit cryptocurrency into your account.
Let's get started
1. Login to Binance:
Login to your Binance account through the website or mobile app.
2. Go to Wallet:
Locate and click on the 'Wallet' tabin the bottom right corner
3. Select Deposit:
Tap on 'Deposit'.
4. Choose Cryptocurrency:
This will present you with a list of cryptocurrencies supported by Binance. I will go with USDT.
Note: select the correct network or it will result in a loss of funds
5. Deposit Address:
You’ll find a deposit address for the selected cryptocurrency. You have to copy this address.
Make sure you are depositing the correct cryptocurrency to this specific address, as sending the wrong type may result in loss of funds.
6. Transfer Funds:
Use this deposit address to transfer funds from your external wallet or another exchange.
Make sure to check the transaction fee and blockchain confirmation times.
7. Confirm Deposit:
Once the transaction is confirmed on the blockchain, your deposited funds will be credited to your Binance account.
HOW TO WITHDRAW CRYPTOCURRENCY VIA BINANCE INTO YOUR OTHER DIGITAL WALLET OR TO ANOTHER EXCHANGE
Withdrawing cryptocurrency from Binance allows you to move your funds to an external wallet or another exchange
STEP-1
Again, navigate to the 'Wallet' tab and select 'Withdraw'.
2. Select Cryptocurrency:
Choose the cryptocurrency you wish to withdraw from Binance.
3. Enter Withdrawal Address:
Paste the external wallet address where you want to send your cryptocurrency.
Make sure this address is accurate and compatible with the cryptocurrency you are withdrawing.
4. Enter Amount:
Enter the specific amount you want to withdraw from your account — you might require the verification process after that Binance will initiate the transfer process
Note: Withdrawal times vary depending on network congestion and blockchain confirmations.
HOW TO TRANSFER CRYPTOCURRENCY FROM BINANCE TO BINANCE
Transferring cryptocurrency between Binance accounts is straightforward and often instantaneous:
1. Login and Access Funds:
Login to Binance and ensure both accounts (sender and receiver) are verified.
2. Tap on Wallet:
Go to the 'Wallet' tab and click on ‘Funding’
3. Tap on Pay:
Tap on Pay and then click on ‘Send’
4. Enter Details:
Enter the receiver’s Binance UID, email address or phone number associated with their Binance account.
Double-check this information to avoid errors.
5. Confirm Transfer:
Review the details and tap on continue. Enter the amount you wish to send
6. Completion:
The transfer will be completed instantly and will be shown in the receiver’s account balance.
EASY PEASY
By following these steps, you can confidently deposit, withdraw, and transfer cryptocurrencies on Binance.
Also, learn how to buy cryptocurrency via P2P trading
HAPPY TRADING
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