Welcome to this post, where we are going to see how you can withdraw Polkadot to your wallet and use it in any exchange or DEFI platform.
For this, we will use Binance and polkadot JS, 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.
Polkadot JS is one of the most used wallets, and you can use the Polkadot network without problems. Also if you use another wallet with the Polkadot network, you should not have any problems and the operation is the same.
From Binance to Polkadot JS in Polkadot
If you already have Polkadot 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 Polkadot cryptocurrency and click on withdraw or withdraw.
On the computer, in spot wallet look for DOT, and click withdraw. Now you will see the panel to withdraw the cryptocurrency. Here, we must open our trustwallet, and click on the top, under the name, where it 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 Polkadot network, if you want to use Polkadot on its own network and on the DOT DEFI platforms. If you want to use Polkadot 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, make sure 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 Polkadot network, the withdrawal fee is 0.1 DOT, and in BSC it is 0.011 DOT. 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 DOTs in your wallet.
So, if you click on the networks above, the Polkadot network will appear. Click on it, and it should show the DOTs you have sent through Binance.
This way, you can have your DOTs on the Polkadot network to be able to use all the DEFI applications and platforms. I hope this has helped you to withdraw your Polkadot without losing them along the way. Remember that if you don’t have an account with Binance, you can create one just below.