Crypto.com and Binance are the two very popular crypto exchange platforms. As is often said by finance advisers, “you should avoid putting all your eggs in the same basket.”
This means you should avoid keeping all your digital assets on the same crypto platform. Crypto.com and Binance both provide you options to transfer cryptos from one platform to another safely and securely.
Transferring Crypto From Crypto.com To Binance
To transfer crypto from crypto.com to Binance, you must first add the Binance wallet address. The address has to be verified via 2-factor authentication too.
Once done, you can easily make the transfer of cryptocurrency to Binance with a few taps.
Add & Whitelist The Binance Deposit Address To Crypto.com
Steps to Add/ Whitelist the Binance Deposit Address to Crypto.com:
Step 1: Open Crypto.com App.
Step 2: Click on “transfer,”
Step 3: Then click on “withdraw.”
Step 4: Now click on “crypto,”
Step 5: Tap on “external wallet.”
Step 6: Then to add Binance wallet address, tap on the “+ add a new wallet address” button.
Step 7: Choose the crypto you want to withdraw. Make sure that Binance also supports that crypto.
Step 8: Go to Binance and fetch the withdrawal address.
- Launch the Binance app.
- Tap on the “wallet” icon.
- Select the crypto you’re transferring from crypto.com to Binance.
- Select “deposit.”
- The following screen will have a QR code and the address just below it.
- Now, copy the address.
Step 9: Paste the Binance crypto deposit address you copied.
Step 10: Give a name to your wallet and click on “continue.”
Step 11: You’ll be then asked to enter a 6-digit verification code sent to you by your authenticator app.
Also Read: Is Binance Safe for Crypto Trading and Investment?
How To Transfer Crypto From Binance To Crypto.com?
Steps to Transfer Crypto from Binance to Crypto.com:
Step 1: Open crypto.com App.
Step 2: Click on “transfer,”
Step 3: After that click on “deposit,” and then tap on “crypto.”
Step 4: Select the crypto you wish to deposit.
Step 5: A pop-up will appear with the QR code and your deposit address. Copy your deposit address.
Step 6: Go to the homepage of your Binance account.
Step 7: Click on “wallet,” and click on “withdraw.”
Step 8: Select the crypto you are transferring from Binance to crypto.com.
Step 9: Enter the amount of crypto you are moving from Binance to Crypto.com.
Step 10: Enter the deposit address you copied from Crypto.com.
Step 11: Confirm the withdrawal from Binance.
The transfer of crypto from Binance to crypto.com may take some time, depending on the crypto you’re sending. Once the crypto is transferred, you’ll receive a notification.
Also, if you have never made a withdrawal from Binance before, you’ll first have to activate two-factor authentication.
Before you choose cryptocurrency for withdrawal, this is to be done, and enter the Crypto.com deposit address.
Also Read: Cryptocurrency Burning Meaning
Unable To Transfer Crypto Between Crypto.com & Binance
If you are unable to transfer cryptocurrency between the two platforms, it may be due to the following reasons:
First Reason:
While entering the address for transfer, be careful of entering only what is in the address. Any character not part of the address should not be there.
So, whether you’re copying the address or typing it, ensure that there’s no whitespace or any character before or after the characters of the address.
If you’re scanning the QR code to get the address, it may sometimes add something like “Ethereum:” in the address.
Either way, it will lead to an “Invalid address” error, and you’ll not be able to add the address and transfer crypto between the platforms.
Second Reason:
When copying the deposit address from Binance or Crypto.com, ensure that you’re copying the address of the crypto you wish to transfer.
Also Read: Best Indicators for Intraday Trading
Conclusion
Crypto.com and Binance both are extremely popular and trustworthy crypto exchange platforms. Users get numerous features and facilities at their disposal, along with the convenience of easy crypto trading.
As is advised, to keep your digital assets divided and not in just one platform, both platforms provide options for the same. The main thing that is required is to copy the correct deposit address.
