How to transfer crypto from Coins.Ph to Binance? Here’s how! Back then, I was so naive about moving funds digitally but over time, I found out that it’s as easy as counting from one to three. I know this is not easy for some so I came to the idea of posting this article – How To Transfer Crypto from Coins.Ph to Binance.
There are other digital wallets/exchanges available in the Philippines but I choose Coins.Ph because a friend recommended it to me. Since he has very positive feedback from his experience with Coins.Ph, so why not waste my time signing up with other digital wallets/exchanges.
I need to fund my account with Binance was the main reason why I opened an account with Coins.Ph. If you are to fund an account with other exchanges like CEX.IO, Krakin, Coinbase to name a few of the most popular exchanges, the procedure is still the same.
So, let’s get into it!
How to transfer crypto from Coins.Ph to Binance
As of posting, Coins.Ph supports seven cryptocurrencies. These are:
Bitcoin (BTC)
Chainlink (LINK)
USD Coin (USDC)
Kyber Network (KNC)
Bitcoin Cash (BCH)
XRP (Ripple)
Ethereum (ETH)
OK, so let me select Bitcoin (BTC) from the list. I choose Bitcoin not because it’s the most popular. It’s just that I already have made several transfers of Bitcoin from Coins.Ph to Binance (and other exchanges) and vice versa.
1. Login to Binance.
2. Under the Wallet menu, select FIAT and SPOT from the drop-down list.
3. Select BTC (Bitcoin) and click DEPOSIT
4. On the Deposit Crypto page, select BTC from the Network list.
5. Copy your unique Bitcoin (BTC) wallet.
6. Login to Coins.Ph
7. Select BTC (Bitcoin) from the Wallet list.
8. Click on the SEND button.
9. On the box that pop up, do the following on the respective fields:
– In the ‘Amount’ field, type the amount of BTC you want to transfer.
– In the ‘TO’ field, paste the BTC wallet address you copied from your account in Binance and just type ‘online payment’ in the ‘What’s it for?’ field.
– After you have completed filling in the required fields, click CONTINUE.
10. Another box pops out asking to fill in the remaining required information. This is the new requirement from BSP and FATF for Virtual Asset Service Providers including Coins.Ph
– Recipient Name and Destination Exchange.
– If you don’t see Binance from the list of exchanges, select OTHER and type in Binance.
– Choose the blockchain fee amount: low, medium, high.
– Then click CONTINUE and a new page confirming the transaction. Wait for few minutes for the transferred amount from Coins.Ph to appear in your BTC Wallet in Binance. And that’s it.
By the way, this is not a piece of advice on money-related or financial matters. I just want to share what I learned from exploring the world of crypto. If you need financial advice for any type of investment, please talk to a professional financial advisor.
