How to proceed to transfer coins or tokens from an exchange to your Binance account? (NB: In this case we will take Mercatox exchange but the different steps are almost the same with any other exchanges).
In order to do this, go to the exchange website holding the tokens you want to send and connect to your account.
Then, go to your balance and click on “Withdraw” (NB: You can only send one type of token at a time. It is not possible to send Ethereum and Bitcoin at the same time).
In this case we will send Ethereum but this manipulation is also valid for other cryptocurrencies.
After you clicked on the “Withdraw” box this window will appear. (NB: Crypto exchanges almost always charge fees. Those fees usually vary depending on the exchange and the size of the transaction.)
In this window you can enter the amount of tokens you want to send.
To find the right address, go to your Binance account click on “Fund” then on “Balance“.
Then click on the “Deposit” button of the corresponding pair of token you wish to receive. In this case, Ethereum.
The following window will appear.
Copy the ETH address. We recommend that you click on “Copy address” to ensure that all characters in the address are copied. A single mistake could send your tokens to the wrong recipient and make you unable to recover them.
Make sure that your address matches the correct token. In this case it is specified that it is an ETH address, so it is only willing to receive ETH. If you send BTC to this address you will never get your BTC back, so be careful.
Once you have copied the ETH address, paste it into the “Address” location of your exchange.
Then click on “Submit“.
Your ETH will then be in the transfer process, depending on the exchange this manipulation must sometimes be validated via your email address.
You can also note the validation progress on Binance, in the “Deposit” tab.
In this case it is necessary to wait for the validation of 30 blocks.
Once the confirmation is completed, you’ll receive your ETH on Binance.
And that’s it, we are done.
You’ve successfully sent your coins or tokens to Binance.
Did you like this article? Then I invite you to look at the following articles
” Buy or Sell Bitcoins on Coinbase ”
” How to transfer and send back crypto from Coinbase? ”
“ Binance Review “
Entrepreneur | ICO Advisor | Writer
Passionate about high tech and IT, I’m marketing and communication consultant for multiple companies and writer about the Blockchain and Cryptocurrencies