Once you have a Binance account you need a Binance Chain Wallet to move cryptocurrency onto the smart chain. Click "wallet" when you follow the link:
Most users of Binance.com can withdraw tokens directly from Binance into their wallet using "BEP20".
US residents need to withdraw to "BEP2." Use the Trust Wallet app or Binance Chain Wallet Chrome extension, as the Binance Bridge is not available to US residents. You must go from Binance, to Binance Chain Network, to Binance Smart Chain Network in that order. The fees for transferring this way are only a few hundredths of a BNB.
Copy your BSC wallet address.
You need BNB to pay transaction fees on Binance Smart Chain. You will have to fund your wallet with a BNB withdraw first. Each transaction costs $2 at most. Then withdraw the tokens you want to use for DeFi after getting BNB.
Click into your Wallet and copy the address for the withdraw from Binance. The Copy icon is the first button to the right of the address, it looks like two sheets of paper on top of each other.
Go to Binance.US or Binance.com and initiate a BEP2/BEP20 withdraw. Paste your wallet address into the "Recipient address." Currently supported tokens on the Binance smart chain are: BTC, ETH, BNB, USDT, BUSD, ADA, BCH, LTC, ADA, DOT, XRP, USDC, DAI, & LINK
You may need to carry out the following steps to process your withdrawl: add your new wallet address to the whitelist, approve via 2FA, and approve via email
Make sure the network selector at the top center is set to "Binance Chain Network"
We recommend sticking with Pancakeswap, Autofarm, and Venus until you've gotten to know the ecosystem better. Be safe, have fun!
Disclaimer: BSCGateway does not endorse any of the projects or cryptocurrencies mentioned in this blog. Any descriptions of functionality and services provided are for information only. BSCGateway is not responsible for any loss of funds or other damages caused as a result of using the projects described here.
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These articles are for information only and do not constitute financial advice. You should continue do your own research before investing and find qualified crypto-friendly financial advisers. If you need help, most projects provide responsive help on their Discord channels. NEVER share your private keys or seed phrases with anyone, even if you're in trouble!
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