Crypto Wallet To Crypto Exchange - In previous article, we guided you about How To Transfer Coins From A Faucet Website To Crypto Wallet.

In this article, you will learn how to transfer cryptocurrency from a crypto or micro wallet to a exchange platform

We will guide you with Step by Step-by-step process from opening an account to the final transfer process. So, don't miss any single step.


What Is Crypto Exchange?


A cryptocurrency exchange is a digital marketplace where you can buy, sell, withdraw, deposit, and trade cryptocurrencies and other digital assets.

Cryptocurrency exchanges work similarly to stock markets, allowing investors to buy and sell digital currencies such as Bitcoin, Ethereum, Dogecoin, Tether, etc.


Types Of Crypto Exchanges

There are 2 types of Crypto Exchanges:
  • Foreign Exchanges
  • Local Exchanges

1. Foreign Exchanges

These types of crypto exchanges are accepted internationally. For Ex - Binance, Kraken, Kucoin, Bybit, Bitfinex, etc.

You can't directly withdraw money to your bank account from these exchanges.

You have to use the 'Peer-To-Peer' or 'P2P' trading feature to withdraw money without paying any exchange fees.


2. Local Exchanges

These types of crypto exchanges are focused on one country only.

Each country has local exchanges from where you can withdraw money directly to your bank account by paying a small amount of transaction fees depending on the exchange network.

This is bit safer than 'P2P' trading method so beginners can go with Local Exchanges.


Transfer Process (Wallet To Crypto Exchange)

Step 1: Login to 'FaucetPay' account



Step 2: Go to 'Coin Swap'


You can easily swap one currency into another currency without any hidden fees.

Before swapping, always choose the currency that has the lowest withdrawal fees in FaucetPay

To can compare withdrawal fees for all currencies, Click Here

We are going to transfer Zcash (ZEC) because it has very low transaction fees of 0.000005 ZEC


Step 3: Create a Crypto Exchange account

Click Here to open a free account



Step 4: Registration process


You can simply use your E-mail or Phone number to open an account.

You can use either its mobile application or website depending on your accessibility.


Step 5: Verification process


Go to your E-mail address and click on the verification link received from Binance or verify through the OTP


Step 6: Login your account

Once, you have verified now you can log in to your Binance account using your credentials


Step 7: Click on 'Deposit'


From the dashboard, click on 'Deposit' to get the address of the currency you want to transfer here.


Step 8: Select the Currency & Network


You can get the address of any cryptocurrency you want to deposit here.

Select the currency you want to withdraw from the FauctPay account.

Select the Chain network - 'BEP20'


Step 9: Copy the address


Carefully copy the deposit address at a safer place to use it in 'FaucetPay'


Step 10: Go to 'FaucetPay'


Login to your FaucetPay then go to 'User Dashboard' section


Step 11: Go to 'Linked Address'


Here you can link all the addresses of currencies you want to Withdraw to any Crypto Exchange.

We are going to withdraw 'Zcash' so we have linked the address of 'Zcash' taken from Binance Exchange
 
To add the currency, simply select the currency and paste the address.


Now we are ready to withdraw the desired currency anytime.


Step 12: Go To 'Wallet' Section


From this section, you can withdraw any currency depending on the withdrawal fees.

We have already selected the Zcash due to fewer withdrawal fees.


Now click on 'Withdraw' and choose the amount you want to withdraw. Then choose the 'withdrawal type' and click on 'Place Withdrawal'



Your withdrawal will be processed in a given time from your Crypto Exchange i.e Binance.


In this way, you can transfer any cryptocurrency using the deposit address.
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