A Step-by-Step Guide! Securely Transfer BTC from Trezor to BinanceTH
Transferring coins from Trezor (Hardware Wallet) back to BinanceTH (Exchange) is usually done for the purpose of selling coins or exchanging them for other assets on the Exchange. This return transfer involves a different process than transferring out of an Exchange: you will need to "Sign" the transaction via your Trezor device to confirm that only you are initiating the transfer.
This guide will walk you through each step in detail to ensure your coin transfer is accurate and secure.
Part 1: Preparing the Destination Address (from BinanceTH)
First, you need to generate a Deposit Address on BinanceTH to enter into Trezor Suite.
1.1 Copy the BTC Deposit Address on BinanceTH
- Access the BinanceTH app.
- Go to the “Wallet” menu.
- Go to the "Deposit" menu.
- Search for the coin you want to receive; in this case, select “BTC”.
- Check the network, ensuring that the network displayed is "Bitcoin" only.
- A notification will appear stating that deposits are supported from all BTC Addresses starting with “1”, “3”, “bc1p”, “bc1q” for all standards. Click “Continue” or “Next”.
- Copy Address: BinanceTH will display the BTC Deposit Address (starting with bc1…) for depositing coins. Copy this Address and keep it ready, or click to save the QR Code image below for receiving coins.
Part 2: Initiating the Transfer from Trezor Suite
Now we will enter Trezor Suite to initiate the coin transfer.
2.1 Go to the "Send" page on Trezor Suite
- Connect your Trezor device to your computer, open Trezor Suite, and select the Bitcoin account where you hold your coins.
- Click the "Send" tab at the top of the screen.
2.2 Fill in the Transfer Details
- Recipient Address: Paste the BTC Address you copied from BinanceTH.
- Caution: You should check the first 5 and last 5 characters of the Address you copied to ensure they match the Address from BinanceTH to prevent errors.
- Amount: Enter the amount of BTC you wish to transfer back to BinanceTH.
- Transaction Fee: Select your desired fee (higher fee means faster transfer). Trezor Suite will suggest an appropriate fee; initially, "Normal" is recommended.
- Click "Send": Click the send button to prepare the transaction.
2.3 Confirm the details on Trezor
- (Very Important) You must verify that the destination address on your Trezor device screen matches the BTC deposit address in BinanceTH 100%. This is because if the address is changed by malware on your computer, you will be able to detect it at this step, as the address on the Trezor device will still be the correct address.
- Confirm Address
- Confirm the amount of coins to send
- Confirm the total coin amount and fee
- Confirm transaction signing
2.4 Review the final transaction details on Trezor Suite and click send.
2.5 Check for success in Trezor Suite
Once your transaction shows “Sent BTC” and “Confirmed”, it means you have successfully completed the initial steps! Your digital assets have been sent to the Exchange.
You simply need to check the status on BinanceTH one last time to confirm the transfer and its completion.
Part 3: Verifying Success on BinanceTH
- Receive coins on BinanceTH: Once the Bitcoin network confirms the transaction as required by BinanceTH (usually takes 10-30 minutes, depending on the transaction fee), the BTC coins will appear in your Wallet on the BinanceTH app.
You did it! This proves that you can truly control your coins and transfer them securely to the Exchange.
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