To send Avalanche (AVAX) from Binance to the Avalanche Wallet, first, you need to copy the Avalanche Wallet address.
Then, head to your Binance account and go to “Fiat and Spot”.
Select “Withdraw”, paste the AVAX deposit address and enter the amount.
Lastly, complete the verification process.
The withdrawal processing from Binance to Avalanche Wallet typically takes 2 to 15 minutes to complete. However, it can take longer if the network is congested.
To transfer Avalanche (AVAX) from Binance to Avalanche Wallet, there will be a 0.008 AVAX withdrawal fee applicable. The fee can vary depending upon the network congestion and/ or the type of network you choose.
Steps to Send Avalanche (AVAX) from Binance to Avalanche Wallet
- Login to Avalanche Wallet
- Copy Avalanche Wallet Address
- Go to Fiat and Spot in Binance
- Find AVAX
- Paste the Avalanche Wallet Address and Enter Withdrawal Amount
- Complete the Verification Process
- Check Recent Transfers
1. Login to Avalanche Wallet
Create an Avalanche Wallet account if you haven’t installed and created one yet.
Once you have created an Avalanche Wallet account, visit https://wallet.avax.network/.
Since Avalanche Wallet is a non-custodial web wallet, you need to visit the website to access it.
Now, you need to select “Access Wallet”.
To access Avalanche Wallet, you need to enter the private key, mnemonic key phrase, keystore file, or connect Ledger.
I chose to enter the mnemonic key phrase. After entering the key phrase, click “Access Wallet”.
2. Copy Avalanche Wallet Address
After getting to your Avalanche Wallet account, you will see three types of wallet addresses on the right of your AVAX balance.
Each address has 3 different purposes. The X-chain is primarily used to store assets, the P-chain is used for staking, and the C-chain is used to interact with smart contracts.
The MetaMask and other major wallets are only compatible with Avalanche C-chain. If you want, you can move Avalanche tokens between three chains via the cross-chain function.
Binance supports AVAX C-chain and AVAX X-Chain. I have chosen the C-Chain address for its compatibility with other wallets.
Copy the address by clicking on the “Copy icon”.
3. Go to Fiat and Spot in Binance
Log in to Binance using your credentials, Google account, Apple account, or the instant log in option.
Click “Wallet” in the top right corner of the webpage.
Then, click “Fiat and Spot” or “Funding Wallet”.
If you have bought AVAX via fiat currency/ spot trade, you need to click on “Fiat and Spot”.
If you have bought AVAX via P2P trade, you need to click “Funding Wallet”.
4. Find AVAX
Once you have clicked “Fiat and Spot or Funding Wallet, you will see a search box.
Make use of it to find AVAX.
Once you have found AVAX, click on “Withdraw”.
5. Paste the Avalanche Wallet Address and Enter Withdrawal Amount
Upon clicking “Withdraw”, you will land on the “Withdrawal” window.
There you need to paste the Avalanche Wallet address that you have copied in Step 2.
After pasting the wallet address, select the “Network” field as “AVAX C-Chain”.
Then, you need to fill in the withdrawal amount in AVAX.
If you want to send all of your AVAX to Avalanche Wallet, click “MAX”.
Lastly, click “Withdraw”.
Note: You need to transfer a minimum of 0.1 AVAX.
6. Complete the Verification Process
After clicking “Withdraw”, you have to answer a few verification questionnaires if you are sending AVAX from Binance first time. This is to keep your asset secure.
The first question will be about address type. If you are sending AVAX to your own Avalanche wallet, you need to select “My personal wallet address”.
Otherwise, you need to select the options D or E.
The next or last question will be acknowledging the fact of withdrawals cannot be revoked.
After completing the verification questionnaire, a withdrawal confirmation popup will appear.
Check the address again and the network and click “Continue”.
After clicking Continue, you will be on the security check page.
There you need to enter the OTP sent to your registered email and mobile to proceed with the transfer.
Just after completing the security confirmation, you will see a “Withdrawal Request Submitted” pop-up.
Click “Complete”.
7. Check Recent Transfers
After getting the withdrawal notification, you can go ahead and check in the “Recent Withdrawals” section.
Just scroll down to reach the “Recent Withdrawals” section on the “Withdrawal” window page.
You can also check the recent transaction on the “Avalanche Wallet” on your right-hand side. Sometimes the transaction history will not be updated there. In those cases, you can check the “Tokens” tab for the AVAX token.
Conclusion
Transferring Avalanche (AVAX) from Binance to Avalanche Wallet is a simple task.
However, you need to be very careful while choosing the network and pasting the wallet address.
The network needs to be the same at both ends of the sender and receiver. If not, you will lose your asset.
Nobody, including Binance, will be able to revoke the transaction. Hence, paste the correct address.
You can also view the transaction details on the Avalanche C-Chain explorer SnowTrace by entering the transaction ID.
You can find the transaction ID (TxID) on Binance or Avalanche Wallet.