Binance Crypto Withdrawal: Secure and Fast with Google Authenticator

Crypto withdrawal on Binance refers to transferring your cryptocurrencies from your Binance account to an external wallet or another exchange. This process allows users to move their assets for personal storage, trading, or other purposes.
Always double-check the wallet address and network type before proceeding with a withdrawal. Errors may result in irreversible loss of funds.

Preparations Before Making a Crypto Withdrawal

Make sure you have the correct wallet address that matches the cryptocurrency you are withdrawing. For example, Bitcoin should be sent to a BTC address, Ethereum to an ERC-20 address.

Binance offers multiple networks such as BEP-20, ERC-20, and TRC-20. Ensure the selected network matches the one supported by the recipient wallet.

Each cryptocurrency and network has specific fees and minimum withdrawal amounts. Check these details in the withdrawal section.

Enable two-factor authentication for added security during the withdrawal process.

Enable Google Authenticator for Bybit withdrawal.

① Access Profile Menu: Click on the Binance icon at the top left.
② View User Profile: Tap on the profile icon to navigate to Account info.

③ Navigate to Security Settings: In the Account info menu, select “Security.”
Korean: 계정 정보 메뉴에서 “Security”를 눌러 보안 설정에 접근하고 관리합니다.
④ Select Authenticator App: In the Two-Factor Authentication (2FA) section, select “Authenticator App.”

⑤ Enable Authenticator App: Tap the “Enable” button to start the process of setting up the Authenticator App for 2FA.
⑥ Get Verification Code: Tap “Get Code” to receive the email verification code required to proceed with enabling 2FA.

⑦ Copy 16-Digit Key: Copy the 16-digit key provided or scan the QR code to link your Binance account to the authenticator app.
⑧ Open Authenticator App: Open the Google Authenticator app

⑨ Enter Setup Key or Scan QR Code: In the authenticator app, choose “Enter a setup key” or “Scan a QR code” as the method to create an account.
⑩ Enter Account Name: Type a recognizable account name (e.g., Binance) for easy identification within the app.
⑪ Input Key: Paste the previously copied 16-digit key into the “Your key” field and tap “Add” to create the account.

Steps to Withdraw Crypto on Binance

1) Generate Deposit Address on Bybit

① Navigate to Assets: Tap on the “Assets” button located at the bottom navigation bar on Bybit.
② Select Deposit: In the wallet overview, tap on the “Deposit” button to proceed with depositing cryptocurrency.
③ Choose Deposit Crypto: Choose “Deposit Crypto” to directly deposit your cryptocurrency.

④ Select Cryptocurrency: Choose your preferred cryptocurrency from the recommended list or search for it in the search bar.
⑤ Choose Chain Type: Select the appropriate chain type for the cryptocurrency to ensure correct deposit and withdrawal.

2) Binance Withdrawal Request

⑥ Enter Wallet Address: Copy the deposit address.
⑦ Input Tag/Memo: Some cryptocurrencies require a tag for withdrawals. Copy the tag.
⑧ Check Minimum Deposit Amount: Verify the minimum deposit amount for XRP to avoid transaction errors.
⑨ Navigate to Assets: Click on “Assets” in the bottom navigation bar on Binance.
⑩ Select Withdraw: On the account overview, click “Withdraw” to proceed with withdrawing your funds.

⑪ Select Withdraw Method: In the “Select Withdraw Method” menu, choose “Withdraw” to proceed with withdrawing crypto
⑫ Select Coin: From the coin list or search history, select the cryptocurrency you wish to withdraw (e.g., XRP).

⑬ Enter Recipient’s Address: Paste the recipient’s copied cryptocurrency wallet address. Ensure accuracy to avoid loss of funds.
⑭ Select Network: Choose the appropriate network for the transaction.
⑮ Input Tag: Provide the required Tag for the transaction to ensure it is processed correctly.
⑯ Set Withdrawal Amount: Specify the amount of XRP to withdraw. Ensure it meets the minimum withdrawal requirement.
⑰ Review Transaction History: Check the transaction history to confirm the withdrawal was successfully completed.

Tips and Precautions for Crypto Withdrawal

Ensure the selected network is compatible with the recipient wallet. Incorrect network selection may result in lost funds.

Always copy and paste the wallet address to minimize the risk of errors.

If the withdrawal amount is below the minimum, the transaction may fail.

During peak times, withdrawals may take longer than usual to process.