The process of transferring SOL from Binance to Solflare wallet is straightforward.
Go to the Solflare wallet extension or mobile application and copy your wallet address. Once you have copied the wallet address, go to the Binance exchange and paste the address under the Withdraw tab.
Fill in the necessary details and click Send. That’s it.
Alternatively, you can also deposit by scanning the QR code instead of copy-pasting the wallet address.
Why Solflare Wallet?
The advantage of the Solflare wallet over the Phantom wallet is that it has mobile applications for Android and iOS users. Also, it has a web wallet feature for which you don’t need an extension or mobile application to access your Solflare wallet account.
The Solflare Mobile app now has 100k downloads between the iOS and Android app stores. We're very thankful to the users who are helping us blaze a trail for @solana on mobile.
These are, of course, rookie numbers. Time to pump them up. pic.twitter.com/WCzULmZOpb
— Solflare (@solflare_wallet) December 15, 2021
In case if you are not set up your Solflare wallet, you can read our article: How to Create a Solflare Wallet: A Step by Step Guide.
- Steps to Transfer Solana (SOL) from Binance to Solflare Wallet
- Steps to Transfer Solana (SOL) from Binance Mobile Application to Solflare Wallet
Steps to Transfer Solana (SOL) from Binance to Solflare Wallet
- Launch your Solflare wallet extension
- Copy your Solflare wallet address
- Go to the Binance website
- Find your asset
- Transfer Solana (SOL) from Binance to Solflare wallet
- Security verification
- Check your Solflare wallet
1. Launch your Solflare wallet extension
Click the Puzzle Icon on the top right of your chrome browser and click on the Solflare wallet.
In the case of Firefox, click the Solflare icon on the top right in your browser window.
Once you are launched your Solflare wallet, type your password to unlock it.
2. Copy your Solflare wallet address
In the event of successful unlocking, you can see the Solflare dashboard.
Just under your wallet balance, you can see two options: Receive and Send.
Click Receive.
By clicking the Receive button, you can see your Solflare wallet address.
You can copy that address by clicking COPY ADDRESS or you can scan the QR code.
3. Go to the Binance website
Once you’ve copied your Solflare wallet address, go to the Binance website.
You can log in either by using your email address or by your mobile number.
Type your password and click Log In.
4. Find your asset
After your successful login, you will be in your Binance dashboard.
On the right side of your screen, you can see the Wallet dropdown.
Click on that and click Fiat and Spot.
In the Fiat and Spot section, you can see all assets you have purchased.
On your asset list, locate Solana and click Withdraw, which is right next to the asset name.
If you couldn’t find it, just type Solana in the Search tab.
5. Transfer Solana (SOL) from Binance to Solflare wallet
After locating your asset and clicking Withdraw, the Binance site will take you to the Withdraw Crypto window.
There you can see a few fields to fill out such as withdrawal address and withdrawal amount.
Just paste the Solflare wallet address that you’ve copied a while ago into the Withdraw to field.
The Network field will automatically get updated to Solana once you paste your wallet address.
Just under the Network field, you need to enter the amount of SOL you want to send. Click Max, if you want to send all your SOL.
Click Withdraw after filling in all the necessary details.
You will see a confirmation pop-up after clicking Withdraw. Check your wallet address and click Continue.
Note: you need to withdraw a minimum of 0.3 SOL. And the network fee is 0.01 SOL; however, it may vary depending on the blockchain.
6. Security verification
Next is security verification.
During the verification process, you will be asked to enter the verification code that has been sent to your e-mail address and phone number.
Note: You need to click Send Code to receive it.
Type the verification codes received to your e-mail and phone in according fields and click Submit.
A positive notification will appear once the verification codes have been submitted.
7. Check your Binance and Solflare account
Following successful submission, you need to wait for processing.
Usually, assets will be transferred within 5-10 minutes. For us, it took 2 minutes.
You can check your status in the Recent Withdrawals section if you scroll down a bit.
You can also check your Solflare account balance.
That’s it you’ve withdrawn and transferred your SOL to your Solflare wallet.
The above steps are pretty much the same for the Solflare mobile application.
Steps to Transfer Solana (SOL) from Binance Mobile Application to Solflare Wallet
- Copy your Solflare wallet address
- Launch your Binance mobile application
- Find your asset
- Transfer Solana (SOL) from Binance mobile application to Solflare wallet
- Security verification
- Check your Solflare wallet
1. Copy your Solflare wallet address
Go to the Solflare wallet extension, you can see the Solflare dashboard.
Just under your wallet balance, you can see two options: Receive and Send.
Click Receive.
By clicking the Receive button, you can see your Solflare wallet address.
You can copy that address by clicking COPY ADDRESS or you can scan the QR code.
2. Launch your Binance mobile application
Find and tap the Binance application on your mobile phone.
In case if you haven’t downloaded it yet, you can by clicking this link for Android; click this link for iOS.
Enter your email address and password to log in.
Then, you are into the Binance Lite mode by default. If you want to switch to Pro mode, tap the Profile icon in the top left of the screen and tap the toggle button.
It might look complicated to use Binance Pro as a beginner. Hence, Binance Lite is preferable for beginners.
A glimpse of Binance Pro Mode:
3. Find your asset
Binance application will take you to your dashboard as soon as you log in.
There you could see the wallet icon. Tap on it.
After tapping the wallet icon, your assets list will be visible. Choose SOL.
After tapping the SOL, you could see the availability of SOL and history.
Just further down, you can see Withdraw button. Tap on it.
4. Transfer Solana (SOL) from Binance mobile application to Solflare wallet
Now, you can see Withdraw SOL page.
There you can see 3 fields.
In the Address field, paste the Solflare wallet address that you’ve copied a while ago. Or you can click the scan icon to scan the QR code of the Solflare wallet address.
The Network field will automatically get updated to Solana once you paste your wallet address.
In the Amount field, enter the amount of SOL you want to transfer. You can click MAX if you want to send all your SOL purchased.
Now, click Withdrawal.
Note: you need to withdraw a minimum of 0.3 SOL. And the network fee is 0.01 SOL; however, it may vary depending on the blockchain.
5. Security verification
Next is security verification.
Binance will ask you to fill in the e-mail and phone verification code that has been sent.
Note: You need to click Send Code to receive it.
Type the verification codes received to your e-mail and phone in the according fields and click Submit.
6. Check your Solflare wallet
Once you see the transaction notification, head back to your Solflare wallet extension and see your wallet balance on the front preview itself.
Note: Usually, SOL will be transferred within 5-10 minutes. For us, it took 2 minutes.
That’s it you’ve successfully withdrawn your SOL from Binance mobile application to Solflare wallet.