Crypto Invest

How To Transfer Your Crypto From FTX To Celsius

FTX to Celsius

Last updated on November 18th, 2021

FTX has rather low trading fees compared to other exchange platforms. You may want to transfer your crypto to Celsius, where you are able to earn a higher interest rate.

Here’s a step-by-step guide on how to do so.

How to transfer crypto from FTX To Celsius

Here are 6 steps you’ll need to transfer your crypto from FTX to Celsius:

  1. Go to ‘Menu → Transfer’ on Celsius
  2. Select the coin you wish to transfer
  3. Copy the wallet address on the Celsius app
  4. Go to ‘Wallet’ on FTX and select the currency to send
  5. Enter the withdrawal details on FTX
  6. Receive the currency on Celsius

And here is each step explained step-by-step:

Go to ‘Menu → Transfer’ on Celsius

When you’re on the Celsius app, you would need to go to the Celsius menu and tap on ‘Transfer‘.

Celsius Transfer Page

Select the coin you wish to transfer

When you’re on this screen, you’ll need to select the currency that you wish to transfer into Celsius.

Celsius Select Bitcoin As Deposit

Copy the wallet address on the Celsius app

After you select a currency, you will be given a wallet address.

Celsius Deposit Bitcoin Page

Your wallet address is one long string of letters and numbers. It is very important that you copy it letter by letter! If you make any mistake in the wallet address, your crypto will be lost forever!

As such, the best way will be to copy your wallet address directly.

Here are some things to take note while you’re transferring your crypto from FTX to Celsius:

  1. The deposit address has to be the same as the currency that you’re transferring
  2. You are using the correct network to transfer your crypto to Celsius

There are some coins that are supported on both the ERC20 network and their native network. However, Celsius only supports the ERC20 network.

As such, you’ll need to send your cryptocurrency via the ERC20 network!

Go to ‘Wallet’ on FTX and select the currency to send

Once you’ve obtained the address to send to, you’ll need to go to FTX to start sending your funds.

You’ll need to go to ‘Wallet’, and then select the currency that you wish to withdraw.

FTX Choose Currency To Withdraw

Enter the withdrawal details on FTX

After selecting the currency you wish to withdraw, you’ll need to enter the withdrawal details on FTX.

FTX BTC Withdrawal Details

If you are sending USDC to Celsius, you will need to send it via the ERC20 network.

FTX USDC ERC20

If you send your tokens via another network such as the TRC20 network, your coins will be lost!

Receive the crypto in Celsius

Once the withdrawal has been approved, it may take a while for the transaction to go through.

This really depends on how active the network is at the point of your withdrawal request.

As such, you may need to wait a while before you can receive your crypto on Celsius.

What are the fees for transferring from FTX to Celsius?

Here are the fees that FTX charges you for withdrawing crypto from their platform:

TokenWithdrawal Fee
BTC> 0.01 BTC: Free
< 0.01 BTC: will be charged
ERC20 tokensDepending on
network congestion

You can receive 1 free ERC20 withdrawal if you stake at least 25 FTT on FTX’s platform. If not, you’ll need to pay for the ERC20 network fees, which can be quite high!

Conclusion

FTX offers an easy way for you to transfer your crypto to Celsius to start earning interest. However, you may want to consider the withdrawal fees that you’ll incur!

Celsius Referral (Earn $50 USD in BTC)

If you are interested in signing up for a Celsius account, you can use my referral link.

Alternatively, you can enter my referral code ‘174656489c‘ when you are on the sign-up page.

Celsius Referral

Here’s what you need to do to earn the $50 USD reward:

  1. Sign up for a Celsius account
  2. Verify your account
  3. Transfer a minimum of USD $400 worth of cryptocurrency into your wallet for the very first transaction
  4. Hold your balance for at ≥ 30 days
  5. Receive $50 USD worth of BTC in your Celsius account (after 30 days)

The reward will only be unlocked 30 days after your initial transfer of $400 USD.

FTX Referral (5% trading fee discount)

If you are interested in signing up for an FTX account, you can use my referral link.

You will receive a 5% trading fee discount for any trades that you make.

FTX Referral Trading Fee Discount

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