How to send Crypto (Bitcoin) from Binance to another exchange and vice versa?
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Move the money from to the other transaction and back up is the like of very many people. This post, Investiki.com, will be directing you on how to enter this step.
Each coin will have its own deposit network. For example, with Bitcoin, there will be networks like BTC, BEP2, BEP20 (BSC), ERC20.
To transfer coins, you need to transfer to the correct network and the correct recipient’s wallet address. If it is wrong, it is tough to find it again. Therefore, you must be very careful when doing it.
How to transfer coins from another exchange to Binance
Operations performed on Binance exchange
Click on Wallet select Fiat and Spot
Then press Deposit
On the Deposit Crypto window, select the coin you want to receive and the network of your chosen coin.
Copy the address or use your phone to scan the QR code to get the coin wallet address.
Operations performed on the exchange to transfer coins to Binance.
Similar to Binance, you need to access the wallet on the exchange that contains the coin you want to transfer.
- Click Withdraw
- Enter the number of coins
- Address to receive coin (Copied above)
- Click Confirm
Note: Check exactly that the money transfer networks of the 2 exchanges must match.
After about 1-2 minutes (or faster), you will receive coins in the Binance wallet.
How to transfer coins from Spot Binance wallet to another exchange
When depositing coins into the Binance wallet, click on Wallet, select Fiat and Spot, then click Withdraw.
At the Withdraw Crypto window, select the coin you want to transfer.
- Enter the wallet address to receive the coin.
- Select the network to transfer coins (Match the network of the receiving wallet).
Finally, click “Withdraw” to make the transaction. Each coin will have a minimum amount requirement. You need to have enough coins to perform deposit/withdrawal transactions and transfer coins from one exchange to another.
Note: Some platforms will ask to fill in the MEMO matching the platform. If yes, fill in the MEMO box; otherwise, skip.
Conclusion
So you know how to transfer money from another crypto exchange to Binance, and vice versa. The transfer of coins from one exchange to another makes it more convenient for you to trade. Each exchange has a different exchange rate from time to time. You choose the broker with the best exchange rate to trade. However, it would help if you also calculated the cost of transferring coins between exchanges.
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