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How to Withdraw Elrond to your Wallet: Step by Step

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

For this, we will use Binance and Elrond 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

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

From Binance to Elrond Wallet in Elrond

If you already have Elrond 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. If you are using your cell phone, search for the Elrond cryptocurrency and click on withdraw or withdraw.

On the computer, in spot wallet look for EGLD, and click withdraw. Now you will see the panel to withdraw the cryptocurrency. Here, we must open our Elrond 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 Elrond network, if you want to use Elrond on its own network and on the Elrond DEFI platforms. If you want to use Elrond 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 Elrond network, the withdrawal fee is 0.001 Elrond, and in the BSC it is 0.0011 Elrond. Please note, however, that the withdrawal fee 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 Elrond in your wallet.

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

This way, you can have your Elrond in the Elrond network to be able to use all the DEFI applications and platforms. I hope this has helped you to withdraw your Elrond 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

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