Here’s how you can transfer ZIL from Binance to Moonlet:
How to transfer ZIL from Binance to Moonlet
Here are 6 steps that you’ll need to transfer ZIL from Binance to Moonlet:
- Select ZIL on the Moonlet dashboard
- Select ‘Receive’ on the cryptocurrency’s page
- Copy the wallet address that is shown
- Select ZIL as the currency you wish to withdraw from Binance
- Enter the transaction details and withdraw ZIL using the Zilliqa network
- Receive ZIL in Moonlet
Here is each step explained further:
Select ZIL on the Moonlet dashboard
First, you will need to go to the ‘Dashboard‘ tab on Moonlet, and select ZIL.
Select ‘Receive’ on the cryptocurrency’s page
Once you’re on the currency’s page, you will need to select ‘Receive‘.
Copy the wallet address that is shown
This will show you the address that you’ll need to use to deposit your funds to.
There are 2 important things that you’ll need to take note of:
- The wallet address you’re depositing to has to be in the same currency as the one that you’re withdrawing from
- The deposit address has to be copied letter for letter
It is very important that you ensure that both of these steps are followed carefully.
Otherwise, you may lose your crypto forever!
If you are finding it hard to remember all of these long deposit addresses, you may want to consider simplifying them using Unstoppable Domains.
This allows you to send crypto to a .crypto or .wallet address, which makes it much easier to transfer cryptocurrencies between platforms!
Select ZIL as the currency you wish to withdraw from Binance
Once you have copied the address from Moonlet, you will need to go to Wallet‘, and then ‘Fiat/Spot‘ on Binance’s platform.
Once you’re there, you can search for ZIL, and then select ‘Withdraw‘.
Enter the transaction details and withdraw ZIL using the Zillqa network
The next step will be to enter the transaction details.
After pasting the ZIL deposit address from Moonlet, Binance will only show that you can withdraw using the Zilliqa network.
This is different when sending ZIL from Binance to Metamask, as Metamask does not support the ZIL version and only the BEP20 version of Metamask.
Receive ZIL in Moonlet
Once the withdrawal has been confirmed, you are able to receive ZIL in your Moonlet wallet.
This may take a while, depending on the congestion of the network.
What are the fees to transfer ZIL from Binance to Moonlet?
Binance charges a withdrawal fee of 0.2 ZIL for each withdrawal you make on the Zilliqa network.
This is cheaper compared to sending ZIL using the BEP20 network.
When you are sending ZIL from Binance to Moonlet, you are only able to do so using the Zilliqa network.
Once you have ZIL in your Moonlet wallet, you can now stake it to earn extra rewards!
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