Easy
How to send a Binance crypto to your wallet? Full tutorial
Have you just created your first crypto portfolio and want to transfer your first Binance to this wallet? You are in the right place. Here, you will learn step by step how to move your exchange cryptos to a portfolio whose private keys you control. No useless jargon: let's go directly to the essentials to allow you to secure your tokens and master the transfer process.
Table of contents
Why transfer your Binance cryptocurrencies to a wallet?
If you are a beginner, you may be wondering if it is really necessary to transfer your cryptos to an external wallet when they are already available on your Binance . The answer is simple: your personal crypto wallet allows you to really hold your private keys, gain safety and no longer depend completely on the exchange platform.
According to the 2022 Chainalysis report , cryptocurrency hacks have reached a record level, with 3.8 billion dollars stolen during the year. This increase is mainly awarded to attacks targeting decentralized finance protocols ( DEFI ), which represented 82.1 % of stolen funds, or about $ 3.1 billion . In addition, a centralized exchange can go bankrupt at any time, jeopardizing the protection of your funds as we have seen with MT.Gox and FTX keep your funds in a wallet that you control strengthens the protection of your cryptocurrencies.
Binance crypto to its wallet: step 1, secure your Binance
First check the following settings:
Activate safety and two -step verification (2FA)
To secure your account and prevent an unauthorized person withdrawing your cryptos for you, activate the double authentication. Go to “Account” → “Security” and configure authentication via Google Authenticator or SMS.
Binance crypto to its wallet: step 2, choose and configure the wallet
There are several types of wallets: Wallet Hardware ( Ledger , Trezor ) and hot wallet S (Exodus, Metamask, Binance Wallet, etc.). Each solution has advantages and disadvantages:
Hardware Wallet ( Ledger , Trezor ): offline storage, very safe. Ideal if you plan to keep important amounts.
Hot wallet ( Trust Wallet , Exodus): connected to the Internet, more practical for fast transactions, but potentially more vulnerable than a offline wallet.
Check the compatibility of the blockchain
When you generate a crypto portfolio , it is associated with a sentence . From this sentence, a separate public address is derived for each blockchain network supported ( Ethereum , Solana , Base, BNB Smart Chain, etc.). This means that your Wallet does not have a single universal address for all blockchains, but a specific address for each network .
It is therefore imperative that the network selected when sending cryptocurrencies from Binance exactly corresponds to the network of the reception address on your wallet. If you select an incompatible network, your funds are likely to be lost in an irreparable way .
Concrete example:
- If you send ETH to the Ethereum (ERC-20) , you must use the reception address of your Wallet on the Ethereum .
- If you send BNB to Binance Smart Chain (BEP-20) , the reception address must be that of the BNB Smart Chain .
- If you transfer the USDT , you must choose the network corresponding to your reception address (eg ERC-20 for Ethereum , TRC-20 for Tron, BEP-20 for Binance Smart Chain).
⚠️ Current error to avoid : if you send ETH by selecting the BNB Smart Chain network (BEP-20), but your wallet displays the Ethereum (ERC-20), your ETH will be sent to the BOCCHAIN BSC and will not appear in your Ethereum . Recovering these funds can be extremely complex, even impossible.
Always check that the network chosen on Binance corresponds to the reception network of your wallet before confirming a transfer.
For this example, let's take a transfer of BNB to the BSC ( Binance Smart Chain) network from Binance to an exodus portfolio.
Send a Binance crypto to its wallet: step 3, locate the “withdrawal” function (withdraw) on Binance
The procedure for sending Binance Cryptos to a Wallet is carried out via the “Withdrawals” tab. For that :
Connect to your Binance .
In the upper menu, go to “active” → “spot portfolio”.
Then locate the “withdrawal” or “withdraw” section.
Information to prepare
- The network (blockchain) used for this withdrawal.
- The cryptocurrency you want to send
- The public reception address (that of your Wallet).
Send a Binance crypto to its wallet: step 4, copy the address of your portfolio
Generate the deposit address
To recover the deposit address, go to your portfolio (here exodus) and select the asset you want to receive and then copy the reception address.
Check that the blockchain displayed in your wallet corresponds to the one you are going to select on Binance .
Check and validate the address
Compare the address indicated on your wallet to what you copy. In the event of an error, your funds could be sent to a bad address and would be irrecoverable. We advise to copy the address and then paste it rather than copy it manually.
Send a Binance crypto to its wallet: Step 5, select the right blockchain on Binance
When you stick the address in the planned area, Binance sometimes automatically detects the destination network. If this is not the case, manually select the correct blockchain. Keep in mind that some cryptocurrencies are available on networks that are not their original network. We can for example sendEthereum to the BSC network.
Send a Binance crypto to its wallet: step 6, indicate the amount and examine network costs
Enter the amount of cryptocurrency to withdraw. Binance will then display the transaction costs (or Gas Fees). Depending on the congestion of the network, these costs vary. They are deducted from the total amount you will send.
Some precautions:
If you start, first carry out a small test transfer to validate that everything works.
According to the crypto, the costs can be raised (especially on the Ethereum during periods of high activity).
Send a crypto from Binance to its wallet: step 7, confirm the withdrawal and proceed to validation 2FA
When everything is correct (amount, destination address, network), click “withdrawal”. Binance will generally ask you to validate your identity via an SMS or Google Authenticator code. authentication stage guarantees that you are the legitimate owner of the account.
Confirmation by SMS or Email Code
If you have configured the double authentication, you will receive a code by SMS or must enter a 6 -digit code from Google Authenticator. Enter these figures in the Binance interface to confirm. You will receive a validation message and then confirmation.
You can follow the state of the transaction from Binance on the same page.
Processing time
After validation, the transaction is subject to the blockchain concerned. The treatment time depends on the speed of the blockchain. On Bitcoin, this can take 10 minutes for the first confirmation. On Ethereum, it is often faster, but it varies depending on the congestion of the network.
Send a Binance crypto to its wallet: step 8, check the transaction on an explorer blockchain
To make sure that everything went well, you can consult the Explorer blockchain corresponding to the blockchain used. Here are some examples:
- Etherscan for Ethereum.
- BSCSCAN for Binance Smart Chain.
- Blockchain.com Explorer for Bitcoin.
Copy your public address or the transaction ID provided by Binance, then stick it to the explorer search bar. You will then see the status of your transaction, the number of confirmations, the date and the amount.
Confirmed transaction: what to do next?
Once the transaction is confirmed, you should see the balance appear in your wallet. If in doubt, check that the token is well “added” to your interface. Some wallets do not automatically display all the tokens: you may need to manually add the token contract if you do not yet see your funds.
Send a Binance crypto to its wallet: step 9, manage and secure your cryptos on your wallet
Now that your assets are on your own crypto portfolio, you have total control. Your private keys must remain confidential. Here are some good practices:
Save your recovery sentence
Whether it's a wallet hardware or a hot wallet, note your recovery sentence on a paper, in a safe place, and ideally store it in two separate places. In case of loss, it is your only way to recover your tokens.
Regularly check updates
- Ledger : Keep your Ledger Live and the device firmware up to date.
Trust Wallet or Exodus: Make sure you use the latest version to benefit from the security fixes.
Diversify your wallets
If you have several cryptos (Bitcoin, Ether, stablecoin , NFTS, etc.), you can distribute your assets on different wallets. This can reduce the risk in the event of hacking of a single portfolio or accidental loss of a recovery sentence.
Send a Binance crypto to your wallet: Step 10, what to do in the event of a problem?
Despite all the precautions, it may happen that you meet a concern. Here are some possible scenarios and solutions:
I don't see my cryptos on my wallet
- Check that you have selected the right network. For example, if you have sent tokens ERC-20 ( Ethereumnetwork) to your BEP-20 address ( Binance Smart Chain network), they will not appear automatically.
- Check that you have added the token contract to your wallet.
I made an address error
- Alas, if the transaction has been confirmed and the address is wrong, recovering your funds is almost impossible. This is the reason why it is crucial to check the address well before validating.
My network fees are too high
- You can wait for a smaller congestion moment or choose another network (if the crypto is available on several blockchains).
Assistance and support
- Binance offers an assistance center. If you suspect a problem on Binanceside, contact their support by explaining the situation.
- Also check if your wallet has customer service or official documentation.
Send a Binance crypto to its wallet: additional steps for a first transfer
Send a test
If you hesitate or fear losing a large amount, first send a few dollars of crypto. Wait for confirmation and, if everything is in accordance, proceed to the main transfer.
Monitoring volatility
When you go from an exchange to a wallet, you are exposed to market fluctuations. The transaction time on certain blockchains can be sufficient for the value of the crypto changes significantly if the courses are very volatile. Monitoring the price can be useful.
Use the white list on Binance
For more security, you can activate the “white address list” in the withdrawal settings. Thus, only the addresses you have added manually are authorized for withdrawals. This limits the risks in the event of hacking your Binanceaccount.
Send a Binance crypto to its wallet: good practices to optimize the experience
Hold some native crypto for the Gas Fees
On each blockchain, you will need a minimum balance of the native crypto to pay the transaction costs (eg BNB for the BSC, ETH for the Ethereum , etc.). Without that, you will not be able to transfer or interact with the smart contract contracts .
Understand the concept of cross-chain
Some exchanges offer cross-chain bridges or bridges to move your cryptocurrencies from one blockchain to another. If you are using DEFI applications, you may have to use these bridges. Make sure to respect the appropriate protocols, because sending a token to the bad network can block it.
Go further: integrate the deffi
After learning to send Crypto binance to Wallet, you can explore the dApp S (decentralized applications). With your cryptos in a non -custodial wallet, you can interact with loan, Yield Farming protocols, exchange tokens via AMM (Automated Market Maker ) such as Pancakeswap, Uniswap or Raydium or even buy NFT. In summary, a personal wallet opens the door to the Defi universe.
Participate in Airdrops and staking opportunities
Many DEFI projects offer Airdrops or staking to holders of certain tokens. If your cryptocurrencies sleep only on an exchange, you risk missing these opportunities, because they are often reserved for decentralized addresses.
Tips to secure your wallet and assets
Keep your private keys offline
A simple file on your computer can be hacked. The ideal remains to note them on paper or to use a wallet hardware. Attacks aimed at software portfolios on smartphone or computer are not uncommon, especially if you download applications or sail on unknown sites.
Beware of scams
If you receive an email or message asking you your recovery sentence or your private keys, it's a scam. Never share this information. Legitimate platforms will never ask you for your secret sentence.
Think about the rotation of passwords
For your Binanceaccount, change your password regularly and keep it in a safe place. Ditto for associated emails. Pirates often target the mailboxes to take control of the related accounts.
Conclusion
To summarize, knowing how binance crypto to your Wallet is a must for all those who wish to move from the status of simple user of Exchange to that of a real holder of their digital assets. You control your private keys, maximize your safety and enjoy the whole decentralized ecosystem (DEFI, staking , NFT, Airdrops, etc.).
If you also plan to convert your digital assets to Fiat currency and then withdraw your money , know that a transfer from Binance to your bank account follows a different logic. We recommend that you consult our article dedicated on this subject to fully understand the steps and avoid errors by following the text in blue.
By following the steps set out above and by remaining vigilant on technical details (correct address, adapted network, double authentication, etc.), your cryptocurrency transfer will be without incident, even if you start. Be careful, check your actions, and take advantage of the independence that a personal wallet provides.
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Yohan Uzzan
Training engineer, I quickly became interested in the field of finance. Convinced that decentralized finance has a bright future ahead of it, I participate in its democratization by developing Crypternon.
