How to withdraw bnb from wallet to Binance exchange

By customizing the gas limit and gas price in MetaMask, you can control the processing speed and cost of your BNB withdrawal from the wallet to the Binance exchange.

Jan 14, 2025 at 04:12 pm

Key Points:

• Understanding MetaMask Wallet and BSC Network
• Sending BNB from MetaMask to Binance
• Setting Gas Limit and Gas Price for Transactions
• Initiating the Transaction and Confirming Withdrawal
• Monitoring the Transaction Status on Binance

How to Withdraw BNB from Wallet to Binance Exchange

Prerequisites:

• MetaMask Wallet with BNB balance
• Binance account with valid login credentials
• Internet connection

Step 1: Connect MetaMask Wallet to Binance Smart Chain (BSC)

• Open MetaMask and click the "Networks" tab in the top menu.

• Select "Add Network" and enter the BSC network details:

  • Network Name: BSC Mainnet
  • New RPC URL: https://bsc-dataseed1.binance.org/
  • Chain ID: 56
  • Symbol: BNB
  • Block Explorer URL: https://bscscan.com/
• Click "Save" to add the BSC network to MetaMask.

Step 2: Copy Binance Deposit Address

• Log in to your Binance account.
• Go to the "Wallet" tab and select "Fiat and Spot."
• Click "Deposit" and choose "Crypto."
• Select "BNB (BEP20)" and copy the deposit address provided.
• Note: Ensure that the deposit address is compatible with BEP20 (BSC) network.

Step 3: Send BNB from MetaMask to Binance

• Go to the "Assets" tab in MetaMask and select "BNB."
• Click the "Send" button and paste the Binance deposit address into the "To" field.
• Enter the amount of BNB you want to withdraw in the "Amount" field.

• Customizing Gas Fees:

  • Gas Limit: Estimate the gas limit required for the transaction using a tool like BscScan or Etherscan.
  • Gas Price: Set the gas price (in Gwei) to expedite or defer the transaction speed.

Step 4: Confirm the Transaction

• Review the transaction details carefully, including the recipient address, amount, and gas fees.
• Click the "Next" button to confirm the transfer.
• MetaMask will prompt you to provide your password for authorization.
• Once approved, the transaction will be broadcasted to the BSC network.

Step 5: Monitor the Transaction Status on Binance

• Go to the "Deposit History" page in your Binance account.
• Select "Crypto" and filter by "Deposit."
• Search for the BNB transaction you initiated from MetaMask.
• Track the status of the transaction, which will update from "Pending" to "Completed" once processed on the blockchain.

FAQs:

Q: What are Gas Fees in Cryptocurrency Transactions?

• A: Gas fees are transaction fees paid to the miners or network validators who process and confirm cryptocurrency transactions on the blockchain. They cover the computational effort and resources required for transaction handling.

Q: How to Calculate Gas Limit and Gas Price?

• A: Gas limit is the maximum amount of gas you are willing to spend on a transaction, while gas price determines the amount of BNB you are offering per unit of gas. To estimate optimal gas fees, use tools like BscScan or Etherscan.

Q: What is the Difference Between BEP2 and BEP20?

• A: BEP2 and BEP20 are different token standards used on the Binance Chain. BEP20 is more widely used and compatible with Ethereum-based wallets, while BEP2 is a native Binance Chain token standard designed for faster and lower-cost transactions.

Q: How to Speed Up BNB Withdrawals?

• A: To expedite transaction speed, you can set a higher gas price. However, this will increase the transaction cost. Note that gas price fluctuations do not significantly impact the transaction confirmation time on the BSC network.