Transferring cryptocurrencies between exchanges can seem daunting, but with the right guidance, it's a straightforward process. This guide walks you through transferring funds from XREX to Binance securely and efficiently.
Understanding Cryptocurrency Transfers
Before diving into the steps, it's crucial to understand two fundamental aspects of crypto transfers:
- Receiving Wallet: Obtain the correct wallet address and network (e.g., Binance).
- Sending Wallet: Input the target wallet address and matching network (e.g., XREX).
👉 Key security tip: Always double-check wallet addresses and networks to avoid irreversible losses.
Step-by-Step Transfer Process
Step 1: Access Binance’s Deposit Function
- Log in to your Binance Pro account.
- Navigate to Funds > Deposit.
Step 2: Select Currency and Network
- Choose the cryptocurrency (e.g., USDT) and blockchain network (e.g., Tron/TRC20).
- Ensure the selected network matches XREX’s supported networks.
Step 3: Copy the Deposit Address
- Click Copy to save the wallet address or scan the QR code with another device.
Step 4: Initiate Withdrawal on XREX
- Open the XREX app and go to Wallet > Withdraw.
Step 5: Choose Currency and Method
- Select USDT and opt for Blockchain Network Withdrawal.
Step 6: Configure Network, Address, and Amount
- Select Tron (TRC20) as the network.
- Paste Binance’s deposit address.
- Enter the amount (minimum 7.5 USDT) and review the 2.5 USDT fee.
👉 Why fees vary across networks? Learn more here.
Step 7: Confirm Withdrawal
- Submit the request. A confirmation message (Withdrawal Requested) will appear.
Step 8: Verify Deposit on Binance
Check History > Deposits in Binance. Status updates include:
- Pending: Estimated completion time shown.
- Completed: Funds are ready for trading.
FAQ Section
1. What if I send crypto to the wrong network?
- Funds may be permanently lost. Always verify the network (e.g., TRC20 vs. ERC20) before transferring.
2. How long do transfers take?
- Tron (TRC20): Typically 5–30 minutes. Delays can occur during network congestion.
3. Why is my deposit not showing in Binance?
- Check the transaction ID (TXID) on a blockchain explorer (e.g., Tronscan). If confirmed, contact Binance support.
4. Can I cancel a withdrawal?
- No. Once initiated, blockchain transactions are irreversible.
5. Are there alternatives to TRC20 for lower fees?
- Yes. Networks like BEP20 (Binance Smart Chain) often have lower fees than ERC20.
6. What’s the minimum withdrawal amount on XREX?
- 7.5 USDT for USDT (Tron network).
Key Takeaways
- Double-check addresses/networks to avoid losses.
- TRC20 balances speed and affordability for USDT transfers.
- Monitor transactions via TXID if delays occur.
👉 Explore advanced crypto trading strategies to maximize your Binance experience.
Disclaimer: This guide is for educational purposes only. Cryptocurrency investments carry high risk. Always conduct independent research.
Edited by: Leon | Reviewed by: Market Mister
### Notes:
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