I'm trying to send funds to a BTC address on Binance, but I'm not sure how to do it. Can someone explain the steps I need to take to successfully transfer funds to a BTC address on the Binance platform?
Set the withdrawal address, which should be the same as the receiver's Bitcoin address. This step is a safety measure to prevent accidental sending of funds to the wrong wallet.
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emma_carter_doctorTue Dec 24 2024
Once logged in, you need to navigate to the “Wallet” section. This can be found on the main menu of the Binance platform. The wallet section is where you can manage your cryptocurrencies, including Bitcoin.
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CryptoPioneerTue Dec 24 2024
In the wallet section, input the receiver's Bitcoin address. This is a unique string of characters that identifies their wallet. Make sure to double-check the address to avoid sending funds to the wrong recipient.
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ShintoSanctuaryTue Dec 24 2024
Next, select the network on which you want to send the Bitcoin. There are different networks, such as Bitcoin's native network and others like BEP2 or BEP20. Choose the one that matches the receiver's wallet.
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EnchantedSkyTue Dec 24 2024
Specify the amount of Bitcoin you want to send. This can be done by entering the desired amount or selecting a percentage of your wallet balance. Ensure that you have enough funds in your wallet to cover the transaction.