Cryptocurrencies can be sent from one exchange to another.
You can also send it to the same exchange (e.g. Binance to Binance).
Sending/transferring a cryptocurrency to someone with a Binance account is easy.
It’s the same process as sending it to another exchange (like Coinbase).
Simply put, you need to copy and paste the recipient’s cryptocurrency address.
For example, if you are looking to send Bitcoins, you need to get the recipient’s Bitcoin address on Binance.
In this guide, you will learn how to send cryptocurrency (e.g. Bitcoin, Ethereum) from Binance to another Binance account.
Start on Binance here: https://www.binance.com/en/register?ref=73583477 or use “73583477” as your reference code.
How to send cryptocurrency from Binance to another Binance account
To send cryptocurrency from Binance to another Binance account, you need to get the recipient’s address.
Once you get the recipient’s address (e.g. Ethereum), you can send Ethereum to them by pasting their Ethereum address into the withdrawal page.
Your wallet address on Binance can be found by navigating to your fiat and spot wallet.
In your fiat and spot wallet, you will see a list of cryptocurrencies you own and their balances.
You can copy your address of a cryptocurrency by browsing the deposit page.
Then, you need to ask the person who is receiving the cryptocurrency to send you their address.
After they send you their address, you will be able to send the appropriate cryptocurrency (e.g. Ethereum) to it.
Here’s how to send cryptocurrencies from Binance to another Binance account:
1. Go to the recipient’s crypto deposit page
The first step is to ask the recipient to send you their cryptocurrency address.
If you are the recipient, you need to navigate to your fiat and locate the wallet on Binance.
For the purposes of this guide, we will be using the desktop version of Binance.
First, go to binance.com and log in to your account.
Once you are on Binance, click “Wallet” in the header.
After clicking on “Wallet”, you will see more options.
This includes “Overview”, “Fiat and Spot”, “Margin” and more.
Click on “Fiat and Spot” to go to your fiat and spot wallet.
On your fiat and spot wallet, you’ll see a list of cryptocurrencies you own along with their balances.
Now, you have to navigate to the cryptocurrency you wish to receive.
For example, if you (the recipient) want to receive Ethereum, you need to browse “ETH”.
Finally, click “Deposit” next to the cryptocurrency you wish to receive (e.g. ETH).
2. Copy the recipient’s cryptographic address
After clicking “Deposit” on the cryptocurrency you wish to receive (e.g. ETH), you will land on the deposit page.
On the deposit page, you will see a couple of drop-down boxes.
This includes “Coin” and “Network”.
You will also see your cryptocurrency address.
First, select the cryptocurrency you want to receive in the “Coin” drop-down box.
For example, if you want to receive Ethereum, select “ETH”.
Secondly, you need to select the correct network.
For example, if you are receiving Ethereum, be sure to select the “ERC20” network.
Once you have selected the cryptocurrency you wish to receive and the appropriate network, you need to copy your address.
To do this, click on the duplicate icon to copy your cryptocurrency address (e.g. ETH).
If you are the recipient, you need to send your cryptocurrency address to the person who is sending you the cryptocurrency.
3. Go to the sender’s cryptographic withdrawal page
After copying the recipient’s cryptocurrency address, you can now send them cryptocurrency.
For example, if you copied the recipient’s Ethereum address, you can now send ethereum to them.
If you are the sender, you must first navigate to your fiat and locate the wallet on Binance.
To do this, go to binance.com and log in to your Binance account.
Once you are on Binance, click “Wallet” in the header.
After clicking on “Wallet”, you will see more options including “Overview”, “Fiat and Spot” and “Margin”.
Click on “Fiat and Spot” to go to your fiat and spot wallet.
On your fiat and spot wallet, you will see a list of cryptocurrencies you own and their balances.
Now, you have to navigate to the cryptocurrency you want to send and click on “Withdrawal”.
For example, if you want to send Ethereum, switch to “ETH” and click “Withdraw”.
4. Send your cryptocurrency to the other Binance account
After browsing the cryptocurrency you want to send (e.g. Ethereum) and clicking “Withdraw”, you will land on the withdrawal page.
On the withdrawal page, you will see multiple boxes and drop-down fields.
First, you need to select the cryptocurrency you want to send in the “Coin” drop-down box.
For example, if you want to send Ethereum, select “Ethereum”.
Secondly, you need to paste the cryptographic address of the recipient – this is the most important step.
To do this, paste the cryptographic address of the recipient (for example, ETH) that you got from the second step in the “Address” field.
Thirdly, you need to select the correct network.
For example, if you are sending/withdrawing Ethereum, you need to select “ERC20” in the “Network” drop-down box.
Fourth, you need to enter the amount of cryptocurrency you want to send to the person (e.g. 0.01 ETH).
Finally, click “Withdraw” to send the encryption to the recipient.
After clicking on “Withdrawal”, you will need to complete a security verification.
This involves phone verification, email verification, or 2-factor authentication.
Once the security verification is complete, the transaction will take 30 to 60 minutes to complete.
In some cases, it may take more than 60 minutes due to network congestion.
Conclusion
Sending cryptocurrency from Binance is not that complicated.
Simply put, all you need is the recipient’s cryptographic address.
For example, if you are sending Bitcoins, you need to know the Recipient’s Bitcoin address.
Then, you will be able to send Bitcoins to them by navigating the withdrawal page and pasting their Bitcoin address.
Finally, complete the security verification and you’re good to go.
Withdrawals typically take 30 to 60 minutes to complete.
On Binance, you can check the status of your withdrawal at any time by going to the “Transaction History” page.