How to Send Cryptocurrency From Binance to Another Binance Account

Hey there!

So you want to send some cryptocurrency from your Binance account to another user on Binance? Well you‘ve come to the right place!

Sending crypto between Binance accounts is super easy once you know the steps. In this detailed guide, I‘ll walk you through exactly how to transfer coins like Bitcoin, Ethereum, and more from your Binance account to another user safely and securely.

By the end of this, you‘ll be a pro at sending crypto between Binance accounts!

Overview: How Sending Crypto from Binance to Binance Works

Before jumping into the step-by-step process, let‘s briefly go over how sending cryptocurrency from one Binance account to another works at a high level:

To initiate the transfer, you need the receiving user‘s crypto deposit address on Binance. Every coin like Bitcoin or Ethereum has its own deposit address.
In your Binance account, you go to the withdrawal page for the specific coin you want to send, like BTC or ETH.
On the withdrawal page, you enter the recipient‘s crypto address for that coin and choose the right network.
Specify how much crypto you want to withdraw and hit submit.
Complete Binance‘s account security verification via SMS, email, etc. This protects against unauthorized withdrawals.
Binance processes the withdrawal and broadcasts it to the blockchain network.
The transaction gets confirmed by the blockchain. This takes roughly 30-60 minutes.
Once confirmed, the funds are transferred from your Binance account to the recipient‘s account.

That‘s the basic rundown of what happens behind the scenes when you send crypto between Binance accounts. It only takes a few minutes of your time to initiate the withdrawal. The blockchain network handles confirming the actual transfer.

Next, let‘s get into the step-by-step process…

Step 1: Get the Receiver‘s Crypto Deposit Address

The first thing you need is the recipient‘s cryptocurrency deposit address on Binance.

Every coin – like Bitcoin, Ethereum, Litecoin – has its own unique deposit address on Binance. This is a long string of letters and numbers.

To get their deposit address:

Have the receiving user log into Binance and go to their Wallet > Spot Wallet.
They need to find the coin they want to receive, like BTC, ETH, etc.
Click the "Deposit" button for that cryptocurrency.
On the deposit page, they‘ll see their unique address for that coin. Make sure the network is correct too.
They can copy the address by clicking the copy icon.
The recipient then needs to send their address to you securely via email, messaging app, etc.

Once you get the other user‘s crypto address, you can start the sending process below.

Step 2: Navigate to the Sender‘s Crypto Withdrawal Page

Now that you have the receiving user‘s cryptocurrency address, you can begin withdrawing funds from your Binance account.

Here‘s how to get to the withdrawal page for the crypto you want to send:

Log into your Binance account and go to Wallet > Spot Wallet.
Find the cryptocurrency you want to withdraw – BTC, ETH, BNB, etc.
Click the "Withdraw" button next to the coin you want to send. This opens the withdrawal page.
Make sure the coin type and network are correct at the top. You can change them if needed.
You‘re now on the withdrawal page and ready to enter the recipient‘s address.

Step 3: Paste the Recipient‘s Crypto Address

On the withdrawal page, you need to enter the receiving user‘s cryptocurrency address into the "Address" field.

This step is critical to ensure your funds go to the correct destination.

To paste their address:

Copy the crypto address the receiving user gave you earlier. Triple check it‘s 100% accurate.
In the Address field, delete any existing address and paste the one you copied. Make absolutely sure it‘s correct.
If you enter the wrong address, your funds will be lost forever. So be very careful at this step!

Step 4: Choose the Correct Network

For some cryptocurrencies like Ethereum, there are multiple network options for withdrawing from Binance.

You need to make sure to pick the network that matches the crypto address you were given.

If you‘re sending Ethereum (ETH) to another Binance user for example, you have to select the "ERC20" network specifically. That‘s because ETH transfers between Binance accounts use the ERC20 protocol.

To select the right network:

In the Network dropdown menu, choose the network that was specified for the address you received.
If you‘re not sure which network to pick, double check with the recipient that the address they gave matches that network.
Picking the wrong network will cause your funds to be lost irreversibly. So make absolutely certain the network is correct.

Step 5: Enter the Withdrawal Amount

On the withdrawal page, you‘ll enter how much cryptocurrency you want to withdraw and send to the recipient‘s Binance account.

In the "Amount" field, enter the quantity you wish to withdraw. For example, type 1.5 if you want to send 1.5 ETH.
The amount must be higher than the minimum withdrawal limit and lower than your available balance for that coin.
You can select the full balance option to transfer your entire holdings of that cryptocurrency.
The withdrawal fee will be shown and deducted from the total amount. Make sure you have enough to cover the fee!

Double and triple check that the withdrawal amount is exactly what you intend to send before proceeding.

Step 6: Initiate the Withdrawal

Once you‘ve entered the receiving user‘s address, selected the right network, and specified the amount to withdraw, you‘re ready to complete the process.

To officially submit the crypto withdrawal:

Click the "Withdraw" button at the very bottom of the withdrawal page.
A confirmation popup will appear summarizing all the details. Verify the address, network, amount, and fee.
If all the information looks accurate, click "Confirm" to finalize the withdrawal.

Step 7: Pass Security Verification

Right after you confirm the withdrawal, Binance will prompt you to complete additional account security verification. This is mandatory to protect against unauthorized withdrawals.

You‘ll have to complete one of the following options Binance provides:

Email verification – Check your email inbox for a confirmation link to click. This verifies you own the email registered on your Binance account.
SMS verification – Enter the 6-digit code sent to your phone number via text.
2FA verification – Open your authenticator app like Google Authenticator and enter the 6-digit code displayed.

Once you successfully complete one of the prompts above, your Binance withdrawal will be processed.

Step 8: Wait for Blockchain Confirmations

It takes some time for cryptocurrency withdrawals to fully complete on Binance. The platform needs to process the transaction and wait for confirmations on the blockchain network.

Here‘s what happens after you initiate a crypto withdrawal from Binance:

Binance takes 10-30 minutes to process withdrawals before broadcasting them to the blockchain.
The withdrawal status will show "Processing" during this initial period. Just wait it out.
Once broadcasted, the transfer needs 1-6 blockchain confirmations before it finishes. Each confirmation takes ~2-3 minutes.
Fast networks like XRP take ~5 minutes total. Slower ones like Ethereum can take 15-60 minutes.
Check each coin‘s support page to see the required number of confirmations and estimated time.
After enough blockchain confirmations, the funds are released from your Binance account.

So expect a withdrawal to take ~30 minutes to 1 hour fully complete after you‘ve initiated it. Just be patient if it shows "Processing." The blockchain is doing its thing to process and confirm the transfer behind the scenes.

Check the Status of Your Crypto Transfer

To check the status of your withdrawal, go to your Binance Spot Wallet and click "Crypto Deposit & Withdrawal History" on the right side.

You can also find the withdrawal history page directly from the top menu under Wallet > Transaction History.

Key statuses to look for:

Processing – Your withdrawal is waiting for Binance to process it and broadcast to the blockchain. Give it 10-30 minutes.
Pending – The transaction has been broadcasted but is awaiting blockchain confirmations. Up to 1 hour for pending.
Completed – Your crypto transfer has received sufficient blockchain confirmations and finished processing. The receiving user will have the funds in their Binance account.

If your withdrawal shows "Pending" or "Processing" longer than expected, check the blockchain network status. Congestion on the network itself sometimes delays sending transactions. You may just need to wait it out.

In most cases, your withdrawal should show a "Completed" status within 1 hour or so. If not, and it‘s been over 12 hours, you may want to contact Binance customer support to investigate further.

Troubleshooting: Common Crypto Withdrawal Issues

Here are some common problems when sending cryptocurrency from Binance to Binance and how to fix them:

Used the wrong address – Double and triple check that you entered the precise address that was provided by the receiving user. Unfortunately if the wrong address was entered originally, there is no way to cancel the withdrawal. The funds will be lost permanently if sent to the wrong place. So be extremely careful when entering the address.
Incorrect network selected – Just like using the wrong address, picking the incorrect network (e.g. BEP2 instead of ERC20) will also cause your crypto to be lost forever. Only send to an address that exactly matches the network you‘ve chosen.
Stuck on "Processing" status – Try waiting a bit longer as some cryptocurrencies require additional processing time before Binance broadcasts the transaction. If still stuck after 12+ hours, reach out to their customer support to see if there‘s an issue on their end.
Pending for too long – Check the blockchain network status page. Delays or congestion on the network itself can sometimes create pending statuses that take longer than usual to resolve. You may just need to wait it out if the blockchain is clogged up.
Recipient hasn‘t received the funds – Confirm that your withdrawal shows a "Completed" status on your end under Transaction History, and has enough blockchain confirmations. If it shows completed on your side, but the receiving user hasn‘t received their funds, have them contact Binance customer support to investigate.

The key is double checking that you‘ve entered the correct address and network. As long as those match up properly, your Binance crypto withdrawal should process smoothly in most cases. Just allow sufficient time for processing and blockchain confirmations.

Conclusion

Phew, we covered a lot of ground here! Let‘s do a quick recap:

To send crypto from Binance to Binance, you need to get the receiving user‘s deposit address for that coin.
On the withdrawal page for the cryptocurrency, paste their address and select the matching network.
Enter the amount to withdraw and pass any necessary verification steps.
Wait about 30-60 minutes for the withdrawal to fully process and the blockchain to confirm it.
Check the withdrawal status page to see when your funds have completed transferring.

As long as you take your time and enter all the details accurately, sending cryptocurrency between Binance accounts is a breeze.

I hope this guide explained clearly how to transfer Bitcoin, Ethereum, and other coins from your Binance account to another user. Let me know if you have any other questions!