HOW TO TRANSFER CRYPTO FROM FTX TO BINANCE

Traders can transfer cryptocurrencies from one exchange account to another. We have prepared a detailed tutorial for transferring funds from Binance to FTX and back.

An account on the exchange is a crypto wallet

For example, a trader has an account on Binance cryptocurrency exchange. User opened an account on FTX and wants to deposit coins from Binance.

An account on a cryptocurrency exchange can be used as a regular cryptocurrency wallet. Through it, you can receive or send cryptocurrencies to crypto wallets or accounts of other crypto exchanges.
Tip: to withdraw money from different exchanges to fiat, it is not necessary to go through KYC everywhere. You can go through KYC on one exchange and transfer cryptocurrency from other exchanges to a verified account - and from there withdraw funds to fiat.
In fact, an account on a cryptocurrency exchange has a lot of sub-accounts. For each cryptocurrency, the exchange has its own sub-account: Bitcoin is stored on one, Ethereum on another, USDT on the third. But the trader sees all sub-accounts combined into a common account. It's convenient.

In order to make a transfer to another exchange, the trader needs to know the address of the account on the network through which the transaction will be processed. The account address is an analogue of the bank account details.
We recommend you make all transfers to USDT, since all exchanges accept this stablecoin. It is simply arranged and understandable to everyone. In fact, this is a crypto analogue of the dollar, a crypto dollar.

Withdraw from Binance to FTX

To get an address for transferring funds to FTX from another exchange or wallet, go to the "Wallet." You will see a list of cryptocurrencies. These are the sub-accounts we mentioned above. Select the coin you want and click Deposit.
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A window opens with the addresses to be translated. There are several addresses, because you can transfer funds through different networks. Each network has its own address. You can use the address of any network.

Fees and transfer times vary among networks. This depends on the technology on which the transaction is posted and other conditions. As an example, take the network TRC20.
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To make a transfer from your Binance account, go to your personal account on the exchange's website and go to the Wallet Overview tab.
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Click on withdraw.
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The output window opens. Select a cryptocurrency, specify the address of the network and enter the amount of coins to withdraw.
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The system will calculate the transfer fee. In our case, it is 1 USDT. After entering specified data, click on withdraw.
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Then confirm the transaction. In order to do it, you will need a code from the mail (click on the "Send code" button) and code from Google Authenticator or from the phone number (depending on the selected method of authentication). The transfer will be transferred within a few minutes.

You can check the status of the transfer in the Transaction History. The successful transaction will be marked as "Completed."

Withdrawal from FTX to Binance

To transfer cryptocurrency from FTX to Binance, it is necessary to carry out similar actions.

Get your Binance wallet address. In order to do it, follow Wallet Overview.
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Click Deposit.
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Select Crypto Deposit.
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Specify the coin, network to translate, and copy the address.
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Open FTX website. Follow the wallet via top menu. Click on "Withdraw" button.
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Specify the number of coins, insert the previously copied and code from the phone number or Google Authenticator (depending on the authentication method). Then click on Withdraw.
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You can also check the status of the transfer 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 arranged in a similar way.

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