how to send bitcoin with binance

To send Bitcoin using Binance, log in to your account, navigate to the Send page, specify the recipient's address, select the amount and network, and verify and confirm the transaction.

Oct 24, 2024 at 09:09 am

How to Send Bitcoin with Binance

Step 1: Log in to Your Binance Account

Open the Binance website or app and enter your login credentials.
Ensure you have sufficient funds in your Bitcoin wallet to cover the transaction amount and fees.

Step 2: Navigate to the Send Page

Click on the "Wallet" tab in the top navigation bar.
Select "Spot Wallet" from the dropdown menu.
Click on the "Withdraw" button.

Step 3: Specify the Bitcoin Address

In the "Wallet Address" field, enter the recipient's Bitcoin address.
You can scan the QR code of the recipient's address using the Binance app if available.
Double-check the address carefully to avoid sending funds to the wrong recipient.

Step 4: Select the Amount

Enter the amount of Bitcoin you want to send in the "Amount" field.
Optionally, you can adjust the "Withdrawal Fee" slider to set the transaction fee you are willing to pay.

Step 5: Choose the Network

Binance allows you to send Bitcoin via different networks, such as the Binance Smart Chain (BSC), Bitcoin (BTC), or Bitcoin Cash (BCH).
Select the desired network from the "Network" dropdown menu.

Step 6: Verify and Confirm the Transaction

Review the transaction details carefully, including the recipient's address, the amount, the network, and the withdrawal fee.
Click on the "Withdraw" button.
You will be prompted to enter a verification code sent to your email or mobile device.
Once the code is verified, the transaction will be processed.

Step 7: Track the Transaction

You can track the status of your transaction in the "Withdrawals" section of your Spot Wallet.
The transaction will typically be confirmed within a few minutes, depending on the chosen network and the current network congestion.

Additional Tips:

Use a reliable Bitcoin wallet for the recipient.
Send a small test amount first to verify the address before sending the main sum.
Keep a record of your transactions for accounting and tax purposes.

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