Transferring coins from Trezor (Hardware Wallet) back to Binance Global (Exchange) is usually done for the purpose of selling coins or exchanging them for other assets on the Exchange. This return transfer involves different steps from transferring out of an Exchange, as you will need to "Sign" the transaction via your Trezor device to confirm that only you are authorizing 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 Binance Global)
First, you need to generate a Deposit Address on Binance Global to enter into Trezor Suite.
1.1 Copy the BTC Deposit Address on Binance Global
- Access the Binance Global app.
- Go to the “Assets” menu.
- Go to the "Deposit Crypto" or "Add Funds" menu.
- Select the deposit method. Here, choose “Deposit Crypto”.
- Select the coin you wish to receive. Here, choose “BTC”.
- Verify the network. Make sure the displayed network is "Bitcoin" only.
- A notification regarding deposit support will appear, indicating support for deposits from all BTC Addresses starting with “1”, “3”, “bc1p”, “bc1q” of all standards. Click “Continue”.
- Copy Address: Binance Global will display the BTC Deposit Address for depositing coins (starting with bc1…). Copy this Address or save the image below to save the QR Code for receiving coins.
Part 2: Initiating the Transfer from Trezor Suite
Now we will go to Trezor Suite to instruct Trezor to transfer the coins.
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 Binance Global.
- Caution: You should verify that the first 5 and last 5 characters of the Address you copied match the Address from Binance Global to prevent errors.
- Amount: Enter the amount of BTC you wish to transfer back to Binance Global.
- Transaction Fee: Select your desired fee (higher fee means faster transfer). Trezor Suite will suggest an appropriate fee for you, generally recommending "Normal".
- Click "Send": Click the send button to prepare the transaction.
2.3 Confirm the accuracy of details on Trezor
- (Very important) You must verify that the destination address on your Trezor device screen matches the BTC deposit address in Binance Global 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 one.
- Confirm Address
- Confirm the amount of coins to send.
- Confirm the total amount of coins and fees.
- Confirm transaction signing.
2.4 Review final transaction details on Trezor Suite and click Send.
2.5 Check for success in Trezor Suite.
When your transaction shows “Sent BTC” and “Confirmed”, you have successfully completed the initial steps! Your digital assets have been sent to the Exchange.
You only need to check the status on Binance Global one last time to confirm the transfer and its completeness.
Part 3: Verifying Success on Binance Global
- Receive coins on Binance Global: Once the Bitcoin network confirms the transaction according to Binance Global's requirements (usually takes 10-30 minutes) (depending on the transaction fee), the BTC will appear in your wallet on the Binance Global app.
You've done it! This proves that you truly control your coins and can securely transfer them to the Exchange.
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A Hands-On Guide! Securely Transferring BTC from Trezor to InnovestX
The hands-on guide! Safely transfer BTC from Trezor to Binance TH