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
I am an experienced cryptocurrency enthusiast with a deep understanding of blockchain technology, digital assets, and the mechanics of cryptocurrency exchanges. My expertise is grounded in practical knowledge gained through hands-on experience with various cryptocurrencies and their associated platforms.
In the provided article about sending cryptocurrency from one Binance account to another, the key concepts and steps involved revolve around the following:
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Cryptocurrency Transfer Between Exchanges:
- Cryptocurrencies can be sent from one exchange to another, highlighting the fungibility and transferability of digital assets across platforms.
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Intra-Exchange Transfers on Binance:
- Emphasizes that sending cryptocurrency within the same exchange (e.g., Binance to Binance) follows the same process as transferring between different exchanges.
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Address Copy-Pasting:
- The central step in transferring cryptocurrencies involves copying and pasting the receiver's cryptocurrency address. This is a fundamental security measure to ensure the accurate destination of the funds.
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Receiver's Address Retrieval:
- Explains how to obtain the receiver's cryptocurrency address on Binance, which is crucial for initiating the transfer. This involves navigating to the fiat and spot wallet, selecting the desired cryptocurrency, and clicking on the "Deposit" option.
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Sender's Address Copying:
- Guides the sender on how to copy their own cryptocurrency address for the chosen digital asset from the deposit page, facilitating the subsequent transfer.
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Withdrawal Process:
- Details the steps for the sender to initiate the withdrawal process. This includes navigating to the withdrawal page, selecting the cryptocurrency to send, pasting the receiver's address, choosing the appropriate network, entering the amount, and completing the withdrawal.
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Security Verification:
- Highlights the importance of security verification before completing the withdrawal, involving methods such as phone verification, email verification, or 2-factor authentication.
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Transaction Completion Time:
- Indicates that withdrawals typically take 30 to 60 minutes to complete, with potential delays due to network congestion.
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Transaction Monitoring:
- Advises users to check the status of their withdrawal on Binance by navigating to the "Transaction History" page.
The provided information serves as a comprehensive guide for users looking to transfer cryptocurrencies from one Binance account to another, covering both the technical steps and security considerations. For further exploration, additional topics such as Binance referral codes, withdrawal durations, and related tags are suggested for reading.
