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).
In a nutshell—you need to copy and paste the receiver’s cryptocurrency address.
For example, if you’re looking to send Bitcoin, you need to obtain the receiver’s Bitcoin address on Binance.
In this guide, you’ll learn how to send cryptocurrency (e.g. Bitcoin, Ethereum) from Binance to another Binance account.
Get started on Binance here:https://www.binance.com/en/register?ref=73583477or use “73583477” as the referral code.
How to send cryptocurrency from Binance to another Binance account
To send cryptocurrency from Binance to another Binance account, you need to obtain the receiver’s address.
Once you’ve obtained the receiver’s address (e.g. Ethereum), you can send Ethereum to them by pasting their Ethereum address on 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’ll see a list of cryptocurrencies that you own and their balances.
You can copy your address of a cryptocurrency by navigating to the deposit page.
Hence, you need to ask the person who is receiving the cryptocurrency to send you their address.
After they’ve sent you their address, you’ll be able to send the appropriate cryptocurrency (e.g. Ethereum) to it.
Here’s how to send crypto from Binance to another Binance account:
- Navigate to the receiver’s crypto deposit page
- Copy the receiver’s crypto address
- Navigate to the sender’s crypto withdrawal page
- Send your crypto to the other Binance account
1. Navigate to the receiver’s crypto deposit page
The first step is to ask the receiver to send you their cryptocurrency address.
If you’re the receiver, you need to navigate to your fiat and spot wallet on Binance.
For the purpose of this guide, we’ll use the desktop version of Binance.
Firstly, go to binance.com and log in to your account.
Once you’re on Binance, click on “Wallet” on the header.
After you’ve clicked on “Wallet”, you’ll see multiple 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 that you own along with their balances.
Now, you need to navigate to the cryptocurrency that you want to receive.
For example, if you (the receiver) want to receive Ethereum, you need to navigate to “ETH”.
Lastly, click on “Deposit” next to the cryptocurrency that you want to receive (e.g. ETH).
2. Copy the receiver’s crypto address
After you’ve clicked on “Deposit” on the cryptocurrency that you want to receive (e.g. ETH), you’ll land on the deposit page.
On the deposit page, you’ll see a couple of dropdown boxes.
This includes “Coin” and “Network”.
You’ll also see your cryptocurrency address.
Firstly, select the cryptocurrency that you want to receive in the “Coin” dropdown box.
For example, if you want to receive Ethereum, select “ETH”.
Secondly, you need to select the correct network.
For example, if you’re receiving Ethereum, make sure to select the “ERC20” network.
Once you’ve selected the cryptocurrency that you want to receive and the appropriate network, you need to copy your address.
To do so, click on the duplicate icon to copy your cryptocurrency address (e.g. ETH).
If you’re the receiver, you need to send your cryptocurrency address to the person that is sending you the crypto.
3. Navigate to the sender’s crypto withdrawal page
After you’ve copied the receiver’s cryptocurrency address, you can now send cryptocurrency to it.
For example, if you’ve copied the receiver’s Ethereum address, you can now send Ethereum to it.
If you’re the sender, you need to first navigate to your fiat and spot wallet on Binance.
To do so, go to binance.com and log in to your Binance account.
Once you’re on Binance, click on “Wallet” on the header.
After you’ve clicked on “Wallet”, you’ll see multiple 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’ll see a list of cryptocurrencies that you own and their balances.
Now, you need to navigate to the cryptocurrency that you want to send and click on “Withdraw”.
For example, if you want to send Ethereum, navigate to “ETH” and click on “Withdraw”.
4. Send your crypto to the other Binance account
After you’ve navigated to the crypto that you want to send (e.g. Ethereum) and clicked on “Withdraw”, you’ll land on the withdrawal page.
On the withdrawal page, you’ll see multiple dropdown boxes and fields.
Firstly, you need to select the cryptocurrency that you want to send in the “Coin” dropdown box.
For example, if you want to send Ethereum, select “Ethereum”.
Secondly, you need to paste the receiver’s crypto address—this is the most important step.
To do so, paste the receiver’s crypto address (e.g. ETH) that you’ve obtained from the second step in the “Address” field.
Thirdly, you need to select the correct network.
For example, if you’re sending/withdrawing Ethereum, you need to select “ERC20” in the “Network” dropdown box.
Fourthly, you need to enter the amount of crypto that you want to send to the person (e.g. 0.01 ETH).
Lastly, click on “Withdraw” to send the crypto to the receiver.
After you’ve clicked on “Withdraw”, you’ll need to complete a security verification.
This involves either phone verification, email verification, or 2-factor authentication.
Once you’ve completed the security verification, it’ll take 30 to 60 minutes for the transaction to complete.
In some cases, it might take longer than 60 minutes due to network congestion.
Conclusion
Sending cryptocurrency from Binance is not that complicated.
In a nutshell, all you need is the receiver’s crypto address.
For example, if you’re sending Bitcoin, you need to know the receiver’s Bitcoin address.
Then, you’ll be able to send Bitcoin to them by navigating to the withdrawal page and pasting their Bitcoin address.
Lastly, complete the security verification and you’re good to go.
Withdrawals will typically take 30 to 60 minutes to complete.
On Binance, you can check the status of your withdrawal at any time by navigating to the “Transaction History” page.
Further reading
Best Binance Referral ID Code in 2021
How Long Does a Binance Withdrawal Take?
How to Withdraw Money From Binance to Bank Account
TagsBinance
