Welcome to this post, where we are going to see how you can withdraw Waves to your wallet and use it in any exchange or DEFI platform.
For this, we will use Binance and Waves exchange, 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.
Waves Exchange is one of the most used wallets, and you can use the Waves network without problems. Also if you use another wallet with the Waves network, you should not have any problem and the operation is the same.
From Binance to Waves Exchange in Waves
If you already have Waves 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 Waves cryptocurrency and click on withdraw or withdraw.
On the computer, in spot wallet look for Waves, and click on withdraw. Now you will see the panel to withdraw the cryptocurrency. Here, we must open our Waves Exchange, 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 Waves network, if you want to use Waves on its own network and on Waves DEFI platforms. Currently you cannot remove Waves to networks other than your own.
Above all, make sure that you indicate the correct network to avoid confusion. With the network, you only need to indicate the amount you want to withdraw. In the case of the Waves network, the withdrawal fee is 0.002 Waves, although please note that the withdrawal cost may vary.
With the information confirmed, you only need to click on withdraw, confirm the confirmation codes and after a few minutes, you should see your Waves in your wallet.
So, if you click on the networks above, the Waves network will appear. Click on it, and you should see the Waves you have sent through Binance.
This way, you can have your Waves in the Waves network to be able to use all the DEFI applications and platforms. I hope this has helped you to withdraw your Waves without losing them along the way. Remember that if you don’t have an account with Binance, you can create one just below.