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QUESTION

How do I transfer cryptocurrency from Binance to a cold wallet?

ANSWER

10

To transfer cryptocurrency from Binance to a cold wallet, one must first ensure that the cold wallet is properly set up and capable of receiving the specific type of cryptocurrency they wish to transfer. After confirming this, the individual should log into their Binance account, navigate to the 'Wallet' section, and select 'Fiat or Spot'. They then find the cryptocurrency they plan to transfer and click on 'Withdraw'. The person is prompted to enter the withdrawal address, which is the public address of their cold wallet, and must carefully double-check it to avoid any errors. They choose the amount they wish to transfer and may have to complete security verification steps such as two-factor authentication (2FA). Once all information is verified as correct, they confirm the transaction. The crypto assets are then broadcasted over the blockchain network from Binance and will be received by the cold wallet after the necessary network confirmations are completed. It's crucial to be aware of withdrawal fees and network conditions that might affect transaction speeds.


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04.21.2024
HOW TO MOVE CRYPTO FROM BINANCE TO COLD WALLET
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