Menu Close

How to Withdraw Cardano to your Wallet: Step by Step

Welcome to this post, where we are going to see how you can withdraw Cardano to your wallet and use it in any exchange or DEFI platform.

For this, we will use Binance and Nami wallet, Binance is the most used exchange and the one I personally use, but the operation is the same or very similar in other exchanges you may use. If you want to follow the step by step guide, you can create an account with binance just below.

Platform: Binance
Min. deposit: $10
License: Cysec

Very low commissions
Exchange with more cryptocurrencies

5/5

Nami wallet is one of the most used wallets, and you can use the ADA network without problems. Also if you use another wallet with the Cardano network, you should not have any problem and the operation is the same.

From Binance to Nami Wallet on Cardano

If you already have ADA purchased in your Binance account, the next step is to withdraw it to your wallet. To do this, we will go on the computer to wallet and spot wallet. In the case of using the mobile, search for the Cardano cryptocurrency and click on withdraw or withdraw.

On the computer, in spot wallet look for ADA, and click on withdraw. Now you will see the panel to withdraw the cryptocurrency. Here, we must open our Nami wallet, and click on the top, under the name, where we will copy the address of our wallet. With the copied address, we go back to Binance and paste it where it says address.

We continue with Network, where we will indicate the Cardano network (ADA), if you want to use Cardano on its own network and on Cardano’s DEFI platforms. If you want to use ADA on the Binance Smart chain or another network, in network we will select BEP20 and check that you also have this network selected in your wallet.

Above all, check that you indicate the correct network to avoid confusion. With the network, we only need to indicate the amount we want to withdraw. In the case of the Cardano network, the commission per withdrawal is 1 ADA, and in CSB it is 0.19 ADA. However, please note that the commission per withdrawal may vary.

With the information confirmed, you just need to click on withdraw, confirm the confirmation codes and after a few minutes, you should see your ADA in your wallet.

So, if you click on the networks above, the Cardano network will appear. Click on it, and it should show the Cardano you have sent through Binance.

This way, you can have your ADAs on the Cardano network to be able to use all the DEFI applications and platforms. I hope this has helped you to withdraw your ADAs without losing them along the way. Remember that if you don’t have an account with Binance, you can create one just below.

Platform: Binance
Min. deposit: $10
License: Cysec

Very low commissions
Exchange with more cryptocurrencies

5/5

Leave a Reply

Your email address will not be published.