How To Deposit Crypto Into An External Wallet
Binance Smart Chain Edition
Last updated
Binance Smart Chain Edition
Last updated
In order to access applications on a blockchain the user has to withdraw their tokens from the centralised exchange they used to buy them into an external wallet.
In this guide we will be focusing on Binance as the exchange of choice, mostly because it is the only exchange that allows BEP20 withdrawals for the majority of the tokens listed on it; and the tokens on Binance Smart Chain are BEP20.
In this guide we will show you only how to deposit crypto into an external wallet, assuming you already created an account on Binance and bought some tokens using the payment method preferred.
If you haven't, kindly check out Binance's guide: How to Buy Cryptocurrency
From the tabs below pick the tab that matches your device.
Make sure you're copying the BEP20 address from your wallet, otherwise you'll be sending your tokens to another blockchain instead of Binance Smart Chain.
Make sure you're picking the correct blockchain from the "Transfer Network" list, in our case it being "Binance Smart Chain (BSC)".