Binance is a very popular and good exchange to save or trade your crypto assets. Whenever you are making a crypto transaction like a withdrawal from Deriv, it’s a good idea to withdraw to Binance exchange.
In this post, I will be showing you how to withdraw from Deriv to Binance.
Let’s get into it.
How to withdraw from Deriv to Binance
The process to withdraw from Deriv to Binance is very simple; just login to your Deriv account, navigate to the cashier, select withdraw, enter the recipient’s address you copied from Binance, enter the amount you want to withdraw, and click on withdraw.
Let’s go through this process step-by-step.
Step 1: Transfer the funds from the Dmt5 account to the Crypto account.
If the fund you are trying to withdraw is on your DMT5 account, you need to first transfer it to your Deriv crypto account using a Deriv internal transfer.
To begin, navigate to the trader’s
Then select Cashier
You will see the transfer tab. Click on it.
The transfer form will be open.
Then select your DMT5 account as the source and your crypto account as the destination. If you have not created a crypto account with Deriv, you can check out this post on how to deposit crypto.
After that, enter the amount you want to transfer out of your DMT5 account and click on the transfer button. You will see the following success message:
Step 2: Open the withdrawal form.
Now that we have our fund on our Deriv crypto account, we can withdraw it successfully to Binance.
To begin, navigate to cashier
On the next page that opens, select withdraw.
You will be brought to a page that looks like this
Make sure the crypto account you want to withdraw from is selected. Click on Send Mail.
Deriv will send you a withdrawal verification link; go to your email and open it.
Then click to verify, and you will be taken directly to the withdrawal form.
Step 3: Copy the wallet address from Binance.
Login to your Binance app and select Wallet.
Then click on Deposit and Search for the coin you want to Deposit. Because I am trying to withdraw LTC from Deriv, I will search for LTC and select it.
Then select the appropriate network that the transaction should run on.
You will see the option to copy the deposit wallet address, copy it
Step 4: Make the withdrawal.
Once you have gotten the deposit wallet address from Binance, go back to the withdrawal form on your Deriv account and enter the address.
Once you paste the recipient’s address, enter the amount you want to withdraw, and click the withdraw button.
Your crypto will be sent to your Binance account.
Note: Deriv withdrawals take some hours to arrive at your destination address; just exercise patience after making the withdrawal request.
Also Read; How to withdraw from Deriv using Cryptocurrency
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