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3 Steps To Send ADA From Binance To Your Huobi Account

ADA From Binance To Huobi
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If you have bought some ADA on Binance, you may be looking to send it to your Huobi account.

Here’s a guide on how you can do so:

How to transfer ADA from Binance to Huobi

Here are 3 steps to transfer ADA from Binance to Huobi:

  1. Obtain the ADA deposit address from Huobi
  2. Select ADA as the currency you wish to withdraw from Binance
  3. Enter the transaction details and withdraw ADA using the Cardano network

And here is each step explained further:

Obtain the ADA deposit address from Huobi

The first step you’ll need to do is to obtain the ADA deposit address from Huobi.

On Huobi’s platform, you’ll need to go to ‘Exchange Account‘.

Huobi Select Exchange Account

Once you’re there, you can search for ADA, and select ‘Deposit‘.

Huobi Deposit ADA

This will show you the ADA deposit address, that you’ll need to copy to Binance.

Huobi ADA Deposit Address

Select ADA as the currency you wish to withdraw from Binance

Once you have copied the address from Huobi, you will need to go to Wallet‘, and then ‘Fiat/Spot‘ on Binance’s platform.

Binance Wallet Fiat Spot

Once you’re there, you can search for ADA, and then select ‘Withdraw‘.

Binance Select Withdraw ADA

Enter the transaction details and withdraw ADA using the Cardano network

The next step will be to enter the transaction details.

After pasting the ADA deposit address from Huobi, Binance should automatically detect that you are sending ADA using the Cardano network.

Binance Sending Via Cardano Network

This is because you are able to withdraw ADA using other networks, such as the Binance Chain (BEP2) and Binance Smart Chain (BEP20). However, Huobi only supports native ADA sent by the Cardano blockchain.

When you withdraw ADA using either network, you will be sending a Binance-peg version of ADA, instead of the native ADA on the Cardano blockchain.

You are able to add the Binance-peg version of ADA to your Metamask wallet, under the Binance Smart Chain.

If you happen to send ADA using the BEP2 or BEP20 networks to Huobi, there is a chance that your ADA may be lost forever!

Once you have confirmed the transaction, you should receive ADA in Huobi.

What are the fees that I’ll incur for transferring from Binance to Huobi?

Binance currently charges 1 ADA for withdrawals on the Cardano network.

This can be quite high compared to other platforms which allow ADA withdrawals:

PlatformADA Withdrawal
Fee
Binance1 ADA
Kucoin1 ADA
Crypto.com0.8 ADA
AAX1 ADA
Gate.io1.6 ADA

It may be better to withdraw ADA from Crypto.com, which charges a slightly lower fee!

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Conclusion

When you are sending ADA from Binance to Huobi, you will need to ensure that you are sending it via the Cardano network.

If you are sending ADA via the BEP2 or BEP20 networks, there is a chance that your ADA may be lost forever!


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