Hodlnaut offers one of the highest interest rates for your BTC, ETH or stablecoins.
As such, you may consider transferring your assets from Binance to Hodlnaut.
Here’s a guide to get you started with this process:
How to transfer from Binance to Hodlnaut
Here are 8 steps you’ll need to transfer your crypto from Binance to Hodlnaut:
- Go to ‘Deposit/Withdrawal’ on the Hodlnaut dashboard
- Select the coin you wish to transfer
- Copy the wallet address from Hodlnaut
- Go to ‘Fiat/Spot Wallet’ on Binance
- Select the cryptocurrency you wish to withdraw
- Enter the details of the transaction
- Paste the deposit address from Hodlnaut as the destination address
- Review the withdrawal before confirming the transaction
And here is each step explained step-by-step:
Go to ‘Deposit/Withdrawal’ on the Hodlnaut dashboard
First, you’ll need to go to ‘Deposit/Withdrawal‘ on the Hodlnaut dashboard.
Select the coin you wish to transfer
You will be shown a dropdown menu, where you can select the currency that you wish to deposit into Hodlnaut.
Hodlnaut currently supports these 6 currencies:
If the currency that you wish to transfer from isn’t any of these 6 currencies, you will need to make a trade to convert your assets on Binance to one of these currencies.
Copy the wallet address from Hodlnaut
After selecting the cryptocurrency that you want to receive on Hodlnaut, you will be given your wallet address to deposit into.
It is very important that you do not leave out any letters or numbers in your withdrawal address. Otherwise, your crypto will be sent to the wrong address and it will be lost forever!
Go to ‘Fiat/Spot Wallet’ on Binance
On Binance’s platform, you’ll need to go to ‘Fiat / Spot‘ in the ‘Wallet’ menu.
Select the cryptocurrency you wish to withdraw
Once you are there, you’ll need to select the currency that you wish to withdraw.
Do remember to only withdraw one of the 6 currencies which are supported by Hodlnaut!
Enter the details of the transaction
There are a few details that you’ll need to enter for each transaction.
- Recipient’s BTC Address
- Transfer network
- Amount of BTC
Enter the wallet address on Binance
You’ll need to paste the wallet address that you’ve copied from Hodlnaut into Binance.
The good thing is that Binance will now auto-detect the network that your withdrawal address supports. In the case of BTC, you will be able to send it via the BTC network.
Receive the crypto in Hodlnaut
Once you have confirmed the transfer, you should receive an email from Hodlnaut to state that they are processing your deposit.
The process may take quite a while before you are able to receive your crypto on Hodlnaut, as it depends on how congested the network is.
After the deposit has been processed, you will receive another confirmation email from Hodlnaut.
With Hodlnaut offering one of the highest interest rates on some cryptocurrencies, it is definitely one platform to consider if you’re interested in earning interest on your crypto!
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