HOW TO TRANSFER CRYPTO FROM FTX TO BINANCE

Funds transfer works as follows: a specified cryptocurrency is transferred from one account to another using an address and network number or a QR code. It's essentially like a bank transfer - you just need a balance and a bank account number.

To make a token transaction from one exchange to another, you need to know the blockchain address of the recipient wallet/account. This data is generated on the recipient’s exchange/wallet.

Also, when transferring funds, you need to correctly specify the address of the token you are going to transfer to the new account. Each cryptocurrency has its own address on the blockchain sub-account. On cryptocurrency exchanges, Bitcoin is stored in one sub-account, Ethereum in another, and USDT in a third. But the trader sees all the sub-accounts combined into a common account.

Remember that blockchain transactions cannot be undone, so you should triple-check all the details before making the transfer.

Log in to your FTX account from the main page of the exchange. Go to the "Wallet" tab and proceed to the "Portfolio" section.
You will see a list of cryptocurrencies in the Balance tab. Find the desired one and click "Deposit".

You’ll see a window with available transfer addresses. Here, you can transfer funds using different networks. Each coin network has its own address on each network. You can use any network you like.

The main difference between the networks and each other is the different fees and transfer times. This depends on the technology used for the transaction and other conditions. Let's take TRC20 as an example. Once you have selected a network, you need copy the address you’ve given.

Now go to Binance. Log into your personal account and click on the "Wallet overview" tab.

Press the "Withdraw" button.

A withdrawal window will open. Under "Withdraw" select the cryptocurrency for withdrawal, enter the address you gon on the FTX withdrawal page, then choose the network (Tron in our case) and enter then amount. Please note that the address must be entered without errors. Make sure the address you’re entering here is the address generated on the FTX withdrawal page – otherwise the payment will go to an unknown destination.

The network will now calculate the fee. The fees depend on the network, and also on how congested it is. In our case, the fee 1 USDT. If you agree with the fees, press the “Withdraw” button.

Confirm the transaction. You will need a code from your mail (click "Send code") and a Google Authenticator code (or an SMS code sent to your phone number). Once done, click the Submit button. The transfer will be made within several minutes.

You can check the status of the transfer in the Transaction History section. A successful transaction will be marked as "Completed" and have a greed light next to it.

Login to your Binance account and go to the "Wallet" menu. Then go to the "Overview" tab.

Press the "Deposit" button.

In the following menu, click on the Crypto Deposit tab.

Choose the cryptocurrency you need to withdraw. You must also specify the network for the transfer. Once you have selected the network, copy the transfer address.

Go to the FTX exchange and log into your account. Go to the “Wallet” tab and proceed to the 'Portfolio' section. Under the “Balance” tab, you will see a list of cryptocurrencies on your balance. Find the one you need to withdraw and click on the “Withdraw” button.

Specify the amount, paste the address previously copied from Binance.

The last step is to select the blockchain network in the "Withdrawal method" field, which is set to "Any" by default. If possible, the system will automatically detect which blockchain the specified address belongs to and will make the withdrawal on that particular blockchain. If not, choose the same network as you stated on the Binance withdrawal page.

Once all the fields are filled, enter a 2FA code from an SMS or Google Authenticator and confirm the transaction by clicking "Withdraw". The transaction will be submitted onto the network, and will normally take a few minutes to complete.

You can also check the status of the transaction in the "Wallet" section of the "Withdrawal" tab.

Congratulations! You have learned how to transfer funds between FTX and Binance. Transfers between other exchanges and cryptocurrency wallets are made in a similar way with small alterations depending on your platform of choice.