This process can be a bit nerving and confusing at first so here’s a simple step-by-step on how to transfer your funds.
1) Go to the wallet you are looking to send the coins to (we’ll call this Wallet A). Find the coin and click “receive”. It will give you your public address which is a string of letters and numbers. Copy this.
2) Go to the exchange with the coins you are looking to send (we’ll call this Exchange A) and find your wallet or portfolio.
3) Find Exchange A’s “withdraw” option for the specific coin you want to withdraw. Each exchange is different, and some are more intuitive than others. Read up on your exchange’s FAQ for specific instructions if you have trouble.
4) Paste the coin’s receive address from Wallet A (the exact one you copied) into Exchange A where is says “address”.
5) Triple check the address is correct. Every time you transfer your funds, triple check the address is the exact one you copied from your wallet. Aside from human error fudging up this process, scammers have been known to be able to intercept a copied address and insert their own, so you paste their address and send your funds to them. Always triple check to mitigate these risks.
If your exchange asks, add it to your address book if you’d like more security the next time you are trying to do this transfer from Exchange A to Wallet A. (Note: this address is only for *receiving* this specific coin on this particular wallet. Any other types of coins sent to this address will be lost unless noted otherwise (for example, some wallets are Ethereum-based and don’t require a separate public address for Ethereum-based coins)).
6) if you’re transferring more than $500 (or whatever amount you’re comfortable with) I recommend doing a small test first. Send a small amount to Wallet A’s coin address - MAKE SURE YOU ARE SENDING TO THE CORRECT COIN. Once you see it arrive in your wallet, complete the process above with the rest of your funds.
7) Observe funds in wallet ??
...& if you are wanting to move your funds from your wallet back to an exchange, do the following:
1) Go to the wallet you are looking to send the coins from (we’ll keep calling this Wallet A). Find the coin and click “send”.
2) Go to the exchange containing the coins you are looking to send (we’ll call this Exchange A) and find your wallet or portfolio.
3) Find Exchange A’s “deposit” option for the specific coin you want to deposit. It will give you your public address which is a string of letters and numbers. Copy this.
4) Paste the coin’s deposit address from Exchange A (the exact one you copied) into Wallet A where it says send “address”.
5) Triple check the address is correct. Every time you transfer your funds, triple check the address is the exact one you copied from your wallet. The same risks as above apply. Always triple check to mitigate those risks.
If your exchange asks, add it to your address book if you’d like more security the next time you are trying to do this transfer from Exchange A to Wallet A. (Note: this address is only for *sending* this specific coin from this particular exchange. Any other types of coins deposited to this address will be lost unless noted otherwise.)
6) If you’re transferring more than $500 (or whatever amount you’re comfortable with), I recommend doing a small test first. Send a small amount to the coin’s deposit address on Exchange A - MAKE SURE YOU ARE SENDING TO THE CORRECT COIN. Once you see it arrive in the exchange, complete the process above with the rest of your funds.
7) Observe funds in exchange ??
While it’s really not hard to move your funds, that doesn’t make it risk-free. We are our own banks and anything can happen. Hope this guide helped! Message me if you have any questions and I’ll do my best to help.
