This post is about how to transfer from eToro to Binance crypto exchange.
It could be that you have a new Binance account and looking for how to transfer your cryptocurrencies from eToro to Binance, or you want to transfer crypto from your eToro account to someone who is using Binance.
Whatever the case, I am going to walk you through a step-by-step guide on how to transfer from eToro to Binance successfully.
You will also be able to create a new Binance account, and that is if you do not have an account with Binance yet.
What Is Binance
Binance is a crypto platform where users from all over the world buy, sell, store, trade, send and receive cryptocurrencies like bitcoin, ethereum, and others.
Binance has established itself as a trusted platform and the largest crypto exchange in the world.
As of August 2022, CoinMarketCap can confirm that Binance has 90 million customers worldwide, and a daily trading volume of $76 billion.
Binance has the lowest trading fees compared to the other crypto exchanges, making them a perfect option for everyone in the crypto space.
When Was Binance Founded
Binance was founded in June 2017 by Changpeng Zhao popularly known on Twitter as CZ, and co-founder Yi He.
How To Transfer From eToro To Binance
Follow the step-by-step guide below to learn how to transfer from eToro to Binance.
The crypto you want to transfer does not matter, be it bitcoin, ethereum, BNB, dogecoin, or solana.
Follow the steps below.
1. Create Binance Account
You cannot receive crypto on Binance if you do not have a Binance account.
Therefore, if you want to transfer from eToro to Binance, you must create a Binance account first unless you have a Binance account already, or you are sending the crypto to a Binance user.
Move to number two (2) if you are not creating a Binance account.
Otherwise, head over to the Binance website to create your new account and complete your KYC verification.
Note: you can send and receive crypto on Binance without KYC, but that comes with a daily withdrawal limit. I recommend you complete the KYC to gain full access and increase higher deposits and withdrawal limits.
2. Find Your Binance Deposit Address
After you have created your Binance account, to transfer from eToro to Binance successfully, you will need to get the wallet address of the crypto that you want to transfer to Binance or the wallet addresses of all the cryptocurrencies.
One thing you should never forget is that the steps you followed to generate a bitcoin wallet address are what you will follow if you want to generate other wallet addresses on Binance.
In this example, we want to find a bitcoin wallet address on Binance.
Login to your Binance account.
Click Wallet, then click Overview from the dropdown.
Tap on Deposit
Choose Crypto Deposit
Search and select the crypto you want to transfer from eToro (BTC)
Choose Deposit Network (BTC or SegWit)
Your bitcoin wallet address will be the long string of numbers and letters.
Copy your bitcoin address and head over to eToro where you will make the transfer.
But if you are transferring the crypto to a Binance user, then you must ask the receiver to send you the wallet address of the crypto you are to send.
This post here might be helpful if you are new to sending and receiving cryptocurrencies.
Important: Each crypto wallet address is different from the others. So, you can only send bitcoin to a bitcoin wallet address, dogecoin to a dogecoin address, etc. Do not send bitcoin to another crypto address, and vice versa.
3. Login To eToro To Make The Transfer To Binance
It does not matter if you are transferring crypto from your eToro account to your Binance account or if you are sending crypto from eToro to a Binance user.
To make a successful crypto transfer from eToro to Binance, you will need the wallet address of the crypto you want to send.
How To Transfer From eToro To Binance
To Transfer from eToro to Binance or eToro to an external wallet you will have to transfer the crypto first from eToro to eToro Money (that is eToro Wallet)
If you have been using eToro for some time then I believe you will know how to transfer crypto from eToro to eToro Money, but if you don’t know how to, you should check out the post from Alphr where they explained it in detail.
Follow the steps below to transfer from eToro money to Binance.
- Open your eToro Money app
- Go to the Crypto tab, then select the cryptocurrency you wish to send to Binance.
- Click Send, and enter the amount you want to send and the recipient’s wallet address.
- Review all the transaction details, check if everything is correct, then click Send to transfer the crypto to Binance.
- You will receive an SMS with a verification code on your mobile phone, enter the received code and click Verify.
That is it.
The crypto will be in your Binance account in 30 minutes or so, you can find out how long it takes for a bitcoin transaction to be confirmed.
That is how to transfer from eToro to Binance.
One more thing I think I should mention is the Binance Deposit Network; each crypto has its deposit network on Binance.
So when you want to generate your crypto wallet address on Binance, make sure to choose the bitcoin network if you are looking for a bitcoin address, ethereum network for ethereum, etc.
IMPORTANT; you must never send money to anyone you meet online asking to help you invest in cryptocurrency. They are scammers. Crypto is easy, and you can do it all by yourself.
The information presented here should not be used as the sole basis of any investment decisions, nor should it be construed as financial, tax, legal, or accounting advice. I will also advise that you invest in cryptocurrency only what you are comfortable living without, at least temporarily.