how to withdraw from binance defi wallet

To withdraw funds from your Binance DeFi Wallet, select the token, click "Send," enter the recipient's withdrawal address, choose the network, set the amount, review the details, and confirm the transaction with your passphrase.

Nov 03, 2024 at 09:14 pm

How to Withdraw from Binance DeFi Wallet

Overview
Binance DeFi Wallet allows users to store, manage, and swap crypto assets in a non-custodial manner. This means that Binance does not have control over your funds, giving you complete ownership and responsibility over your assets. This guide will provide step-by-step instructions on how to withdraw funds from your Binance DeFi Wallet.

Prerequisites

• Install the Binance DeFi Wallet extension or mobile app.
• Fund your wallet with the desired tokens.

Instructions

1. Open the Binance DeFi Wallet

   • Launch the Binance DeFi Wallet extension or mobile app.
   • Enter your password or passphrase to access your wallet.

2. Select the Token to Withdraw

   • Tap on the "Assets" tab in the bottom menu bar.
   • Find the token you wish to withdraw and tap on it.

3. Click "Send"

   • On the token's page, tap on the "Send" button.

4. Enter Withdrawal Address

   • Enter the recipient's withdrawal address in the "To" field.
   • Ensure that the address is correct to avoid losing funds.

5. Set Network and Amount

   • Select the appropriate network for your token (e.g., BSC, ETH).
   • Enter the amount of tokens you want to withdraw.

6. Review and Confirm

   • Review the withdrawal details carefully: recipient address, amount, network.
   • Tap on the "Approve" button to confirm the withdrawal.

7. Enter Passphrase

   • Enter your Binance DeFi Wallet passphrase to authorize the withdrawal.

Confirm Withdrawal

• Once the transaction is processed, you will receive a confirmation message.
• You can track the status of your withdrawal on the blockchain explorer.

Additional Notes

• Withdrawal fees may apply depending on the network and token.
• Processing times may vary based on network congestion.
• Always double-check the recipient address before withdrawing funds to prevent loss.
• Keep your Binance DeFi Wallet passphrase safe and secure.