How to: Send STEEM from Steemit to the Binance Exchange

in steemit •  9 months ago




If you have a Binance account and you would like to Send your STEEM directly to your Binance Exchange, this is how you do it.

Login on your Binance Account

After logging in to your Binance exchange account, go to the Deposit Tab where you can find a list of all coins you can deposit on Binance.

Select Steem from the coin list.




Read the terms, you need to have both a deposit address and a deposit MEMO. After you click on "Yes, I understand" you will receive your deposit address and your deposit MEMO.

Switch back to Steemit, and open your wallet.

Transfer STEEM to Binance

Go to your Steemit wallet, select the 'transfer' option from your STEEM and you will be automatically taken to a screen where you can transfer your STEEM to Binance.

  • Copy the deposit address you have received from Binance.
  • Paste the deposit address to the username on your Steemit transfer screen.
  • Copy the deposit MEMO you have received from Binance.
  • Paste the deposit MEMO to the memo section on your Steemit transfer screen.



Transfer STEEM to Binance

Go to your Steemit wallet, select the 'transfer' option from your STEEM and you will be automatically taken to a screen where you can transfer your STEEM to Binance.

  • Copy the deposit address you have received from Binance.
  • Paste the deposit address to the username on your Steemit transfer screen.
  • Copy the deposit MEMO you have received from Binance.
  • Paste the deposit MEMO to the memo section on your Steemit transfer screen.


Hit Submit, verify, grab some coffee, sip it, and you're good to go!



Transfer STEEM from Binance to Steemit.

Since I’m assuming you already have a Binance account and know how to do exchanges there, let’s dive right into it.


Be aware: You cannot transfer STEEM directly back to your Wallet yet.



This probably should be working in the reversal way on how you can transfer your STEEM from Steemit to Binance.

  • Go to your withdrawal tab on Binance.
  • Select STEEM as your withdrawal coin
  • Add your deposit address (username), and they might want you to add a deposit MEMO.
  • Send, verify, get some cookies, and you’re good to go

Since this is not yet possible, we have to wait for that option.

In the meantime, we can bypass that, by simply selling Steem for ETH/BTC on Binance and transfer it through @blocktrades (Blocktrades Website) where you can buy STEEM with the ETH/BTC you have on Binance and send it to your Steemit wallet.

Happy trading!

Ruben
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Just transferred some STEEM from Binance straight to Steemit using my username as deposit address and my MEMO address (found under Wallet\Permissions tab)

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Awesome, thanks for letting me know!

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how long did it take once you transferred? It's been 10 mins and I havent seen it hit binance yet!

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Did it work out?

Nice! Just registered today on binance so this is very helpful, thank you! :)

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More than welcome!

That's a moment of rejoice for every Steemian that we got listed on Binance. #ru

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Exciting news indeed, could be very interesting.

Nice post. Very interesting. Will upvote.

Thanks buddy!
Just successfully transferred over my steem to Binance exchange for some more trading power!So simple but scary while you wait for it to show up lol!
It will be interesting to see if theres a direct influence to boost the value of Steem.
Spread the word people!!

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Awesome! Go get some extra Steem! :-D

This is really interesting. Are you saying that after requesting that deposit and memo address - Binance, gives you a name of it's steemit account and a memo number ? Is that a real account on steemit that binance has or some 'temporary account'.

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I found this article wondering the same thing as @trumanity

"Is that a real account on steemit that binance has or some 'temporary account'?

@rubencress's response

"Yes."










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What else would it be, read the article and there you can find the answer.

"
  • Copy the deposit address you have received from Binance.
  • Paste the deposit address to the username on your Steemit transfer screen."

Thanks for this informative run down on how to get steem off this platform and onto an exchange!

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No problem!

Thank so much! I was totally lost <3

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I'm glad you found it useful :-)

Is it my impression that prices on Binance for STEEM/SBD are much different than prices on blocktrades? If so, why?

Great job, thank you :D

KOOL ! :) thanks