At some point of time, you may want to transfer your Hedera (HBAR) coin from one wallet to another for safety or other reasons. In this article, we will tell you how to transfer HBAR crypto from Binance to OKCoin wallet without any issues. HBAR is the native, energy-efficient cryptocurrency of the public Hedera network. Hbars are used as payment for transaction fees and for securing the network from attack because they are proof-of-stake based.
It is very easy to withdraw Hedera Hashgraph (HBAR) from your Binance account. Performing deposits and withdrawals can be done once your Binance account is safe to use and has been verified.
A step-by-step guide to withdraw Hedera (HBAR) from Binance
The following steps will guide you through withdrawing Hedera Hashgraph (HBAR) from Binance.
- Withdraw HBAR crypto from Binance
- Withdraw Fiat money from Binance
First, you have to open the Binance website and log in with your registered account.
1. Withdraw HBAR crypto from your Binance account
In the top-right corner of the website, click “Wallet.”. Then select “Fiat and Spot”. Click on the Hedera Hashgraph (HBAR) you’d like to use. You don’t need to go through the entire list since you can just type it directly into the box. As an example, we will use BTC.
You will need to enter the address and amount. It is important that you put the correct address since transactions cannot be reversed. It is possible that you will lose your money if your funds are transferred to the incorrect address.
Click on “Submit.”
Your Binance registered email address will now receive a confirmation message. When you would like to withdraw funds, open the “Withdraw Request Confirmation” email and verify that the transaction is what you expected, and then click “Confirm Withdraw.”.
Go to “Deposit Withdraw History” to see pending and all transactions.
That’s it! The withdrawal of Hedera (HBAR) from your Binance account has been successfully processed.
2. Withdraw Fiat money from your Binance account
You can access your wallet by clicking the “Wallet” link at the top right of the website. Then select “Fiat and Spot”. Click on the Withdraw button.
You’ll need to select the fiat currency that you wish to withdraw. When you have entered all the details and confirmed them, click Submit. In order to prevent errors, make sure you fill out all the details correctly.
Congratulations! You have successfully processed a $fiat withdrawal from your Binance account.
A step-by-step guide to deposit HBAR crypto on OKCoin
It is possible to deposit cryptocurrencies like Hedera Hashgraph (HBAR) along with fiat money using OKCoin.
You can deposit funds on your confirmed and registered OKCoin account by following these steps:
- Deposit Hedera Hashgraph (HBAR) on OKCoin
- Deposit Fiat money on OKCoin
First, open the OKcoin website and do the login with your email address and password. Your available tokens can be viewed on the “My Wallet” page once you have logged in. Simply click on “Token Deposit” when you select Hedera Hashgraph (HBAR) or a currency of your choice.
1. Deposit Hedera (HBAR) on your OKCoin account
If you would like to deposit Hedera Hashgraph (HBAR), choose it under “Token Deposit”. Here, we will use Bitcoin as an example.
The correct address must be copied or selected by clicking on “Address history.” It is essential to copy the correct address before submitting the transaction. The Hedera Hashgraph (HBAR) cannot be reversed otherwise, which can lead to loss of control.
The “Balance” menu is available on the right side of the page, where you can check your balance.
Congratulations! Your OKCoin account has been credited with Hedera (HBAR).
2. Deposit Fiat money on your OKCoin account
Select your currency under “Token Deposit” if you want to deposit Fiat money. In this example, we are using USD.
Select your bank of deposit and enter your desired amount (the minimum deposit amount is USD100; the maximum deposit amount depends on your KYC status).
Click “Submit” after reading OKCoin’s terms of service and checking the box, and you’ll be directed to the deposit confirmation page, which displays beneficiary bank details.
The deposit must be completed within 72 hours, otherwise, the request will be canceled. In order not to lose your money, all the beneficiary bank’s information must be entered as instructed.
Note: KYC level 2 is required for USD deposit.
Congratulations! Your OKCoin account has been credited with Fiat money.
