Although not as common anymore, an exchange could also be shut down by a government at any point in time. Gox and then they shut down out of the blue, claiming 850,000 BTC were missing and likely stolen. Read more about them in my Binance review post, or check out the KuCoin review for another great up-and-coming cryptocurrency exchange. They also take security very seriously, so you can feel safe leaving funds on here. If you need to send to a new address though, just click the “ Use new address” option in the drop-down.īinance is a great exchange with a good reputation and a lot of liquidity. This means you do not need to enter the address and label again. Notice if you were to go back to withdraw the tokens again, your address will now be saved in the “ Withdrawal” box. They may also send an E-mail to confirm the transaction, so be sure to check for that. The only thing left to do is complete any security measures that pop-up. Fill in the “ Label” field with any name you want to use, the “ Address” field with your personal wallet address, and the “ Amount” field with how much you want to withdraw. Find the token you want to withdraw, in this example I am using the SingularDTV token (SNGLS), and click “ Withdrawal”Ĥ. Select the “ Funds” tab and click “ Deposits Withdrawals”ģ. If you do not have an account with Binance, please consider using my referral link! And if you need your own personal wallet, check out this guide for an Ethereum wallet and this guide for a NEO wallet.Ģ. You just need to make sure the token you are sending is compatible with the wallet that will be receiving it!
Please note the following example goes through withdrawing an Ethereum based token, but the process is the same for other tokens. It’s also a nice feeling to have them in your own wallet and know they are fully in your possession. This is considered safer because an exchange could potentially shut down at any time. While Binance is a reputable cryptocurrency exchange, some might prefer to keep their tokens in their own personal wallet.
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