{"id":900,"date":"2023-11-04T10:35:38","date_gmt":"2023-11-04T10:35:38","guid":{"rendered":"https:\/\/yohost.org\/library\/?p=900"},"modified":"2023-11-04T10:35:39","modified_gmt":"2023-11-04T10:35:39","slug":"transfer-bitcoin-from-the-exchange-ex-binance-to-electrum-wallet","status":"publish","type":"post","link":"https:\/\/yohost.org\/library\/transfer-bitcoin-from-the-exchange-ex-binance-to-electrum-wallet\/","title":{"rendered":"Transfer Bitcoin from the exchange (ex. Binance) to Electrum wallet"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">I think you have heard this wording &#8211; &#8220;Not your keys, not your coins&#8221;. But what does this mean? For a Bitcoin nerd it&#8217;s self-speaking but a person who buys Bitcoin on the exchange and keeps it there may have no clue.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In fact Bitcoin empowers us to be our own bank &#8211; to have full control over our finances along with full responsibility. But keeping Bitcoin on the exchange, does not give you any control over it, you only see some numbers in the app and in case something happens to the exchange (it goes bankrupt, busted, hacked) your funds can be lost forever.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bitcoin address unique private key gives you full control over your Bitcoin. It&#8217;s created when you <a href=\"https:\/\/yohost.org\/library\/how-to-setup-your-bitcoin-electrum-wallet\/\">generate a wallet<\/a> and only a person who has this key, owns the Bitcoin. That&#8217;s why it&#8217;s so important not to keep your Bitcoins on the exchange but in the wallet which you own. And in this article we will show how to transfer Bitcoin from the exchange (Binance in our example) to the Electrum wallet address.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If you are not familiar with Electrum, you might want first to educate yourself about how to install it and create you wallet: <a href=\"https:\/\/yohost.org\/library\/how-to-setup-your-bitcoin-electrum-wallet\/\">How to setup your Bitcoin Electrum wallet<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-step-1-find-out-your-electrum-wallet-address\">Step 1: Find out your Electrum wallet address<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">In order to send your Bitcoin from the exchange to your Electrum, you need to know your wallet address. Start your wallet and go to the &#8220;Receive&#8221; tab.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><span class=\"placeholder-el\" data-svq-align=\"\"><img loading=\"lazy\" decoding=\"async\" width=\"565\" height=\"62\" src=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2023\/11\/image-45x5.png\" alt class=\"wp-image-913 lazy\" data-srcset=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2023\/11\/image.png 565w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2023\/11\/image-300x33.png 300w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2023\/11\/image-45x5.png 45w\" data-sizes=\"auto, (max-width: 565px) 100vw, 565px\" data-width=\"565\" data-height=\"62\" data-src=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2023\/11\/image.png\" style=\"height: 0; width: 565px; padding-bottom: 10.97%;\"><span class=\"svq-img-loader\"><\/span><\/span><noscript><img loading=\"lazy\" decoding=\"async\" width=\"565\" height=\"62\" src=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2023\/11\/image.png\" alt=\"\" class=\"wp-image-913\" srcset=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2023\/11\/image.png 565w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2023\/11\/image-300x33.png 300w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2023\/11\/image-45x5.png 45w\" sizes=\"auto, (max-width: 565px) 100vw, 565px\" \/><\/noscript><figcaption class=\"wp-element-caption\">Generate new receiving address in Electrum<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;Create a request&#8221;. You may notice Expiry selection, we recommend to use default 1 day, because Bitcoin wallet never expires (does not matter what you select there) and wallet re-use is bad for privacy.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full is-resized\"><span class=\"placeholder-el\" data-svq-align=\"\"><img loading=\"lazy\" decoding=\"async\" width=\"662\" height=\"199\" src=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2023\/11\/image-1-45x14.png\" alt class=\"wp-image-914 lazy\" style=\"height: 0; width: 662px; padding-bottom: 30.06%;\" data-srcset=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2023\/11\/image-1.png 662w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2023\/11\/image-1-300x90.png 300w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2023\/11\/image-1-45x14.png 45w\" data-sizes=\"auto, (max-width: 662px) 100vw, 662px\" data-width=\"662\" data-height=\"199\" data-src=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2023\/11\/image-1.png\"><span class=\"svq-img-loader\"><\/span><\/span><noscript><img loading=\"lazy\" decoding=\"async\" width=\"662\" height=\"199\" src=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2023\/11\/image-1.png\" alt=\"\" class=\"wp-image-914\" style=\"aspect-ratio:3.3266331658291457;width:588px;height:auto\" srcset=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2023\/11\/image-1.png 662w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2023\/11\/image-1-300x90.png 300w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2023\/11\/image-1-45x14.png 45w\" sizes=\"auto, (max-width: 662px) 100vw, 662px\" \/><\/noscript><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">After clicking Create Request, you will notice a new address appears in the right window of this tab. Click on it to Copy.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full is-resized\"><span class=\"placeholder-el\" data-svq-align=\"\"><img loading=\"lazy\" decoding=\"async\" width=\"880\" height=\"278\" src=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2023\/11\/image-2-45x14.png\" alt class=\"wp-image-915 lazy\" style=\"height: 0; width: 880px; padding-bottom: 31.59%;\" data-srcset=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2023\/11\/image-2.png 880w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2023\/11\/image-2-300x95.png 300w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2023\/11\/image-2-768x243.png 768w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2023\/11\/image-2-45x14.png 45w\" data-sizes=\"auto, (max-width: 880px) 100vw, 880px\" data-width=\"880\" data-height=\"278\" data-src=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2023\/11\/image-2.png\"><span class=\"svq-img-loader\"><\/span><\/span><noscript><img loading=\"lazy\" decoding=\"async\" width=\"880\" height=\"278\" src=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2023\/11\/image-2.png\" alt=\"\" class=\"wp-image-915\" style=\"aspect-ratio:3.1654676258992804;width:586px;height:auto\" srcset=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2023\/11\/image-2.png 880w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2023\/11\/image-2-300x95.png 300w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2023\/11\/image-2-768x243.png 768w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2023\/11\/image-2-45x14.png 45w\" sizes=\"auto, (max-width: 880px) 100vw, 880px\" \/><\/noscript><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">The address you copy will be used to transfer Bitcoin off the exchange.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-important-notice-about-addresses-type\">Important notice about addresses type<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>If your wallet address starts with <strong>3<\/strong>, it&#8217;s Bitcoin P2SH Segwit address, you can choose either <strong>Bitcoin (Legacy)<\/strong> or <strong>Segwit<\/strong> network during transfer.<\/li>\n\n\n\n<li>If your wallet address starts with <strong>bc1<\/strong>, it&#8217;s Bitcoin native Segwit address, you <strong>should choose Segwit network<\/strong> during transfer from the exchange.<\/li>\n\n\n\n<li>If you address starts with <strong>1<\/strong>, it&#8217;s Bitcoin Legacy network address, you <strong>should choose Bitcoin Network\/Bitcoin Main\/Legacy.<\/strong><\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-step-2-sending-bitcoin-from-the-exchange-to-your-address\">Step 2: Sending Bitcoin from the exchange to your address<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Login to your exchange and find your wallets. In our example, we will show how to withdraw from Binance.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Find <em>Wallets<\/em> in the lower right corner and click <em>Withdraw<\/em>.<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><span class=\"placeholder-el\" data-svq-align=\"\"><img loading=\"lazy\" decoding=\"async\" width=\"473\" height=\"1024\" src=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2023\/11\/wallets-binance-45x97.jpg\" alt class=\"wp-image-916 lazy\" style=\"height: 0; width: 473px; padding-bottom: 216.49%;\" data-srcset=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2023\/11\/wallets-binance-473x1024.jpg 473w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2023\/11\/wallets-binance-139x300.jpg 139w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2023\/11\/wallets-binance-45x97.jpg 45w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2023\/11\/wallets-binance.jpg 591w\" data-sizes=\"auto, (max-width: 473px) 100vw, 473px\" data-width=\"473\" data-height=\"1024\" data-src=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2023\/11\/wallets-binance-473x1024.jpg\"><span class=\"svq-img-loader\"><\/span><\/span><noscript><img loading=\"lazy\" decoding=\"async\" width=\"473\" height=\"1024\" src=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2023\/11\/wallets-binance-473x1024.jpg\" alt=\"\" class=\"wp-image-916\" style=\"aspect-ratio:0.4619140625;width:285px;height:auto\" srcset=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2023\/11\/wallets-binance-473x1024.jpg 473w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2023\/11\/wallets-binance-139x300.jpg 139w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2023\/11\/wallets-binance-45x97.jpg 45w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2023\/11\/wallets-binance.jpg 591w\" sizes=\"auto, (max-width: 473px) 100vw, 473px\" \/><\/noscript><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Find and select BTC and choose &#8220;Send via Crypto Network&#8221;<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><span class=\"placeholder-el\" data-svq-align=\"\"><img loading=\"lazy\" decoding=\"async\" width=\"500\" height=\"1024\" src=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2023\/11\/select-btc-and-net2-45x92.jpg\" alt class=\"wp-image-917 lazy\" style=\"height: 0; width: 500px; padding-bottom: 204.80%;\" data-srcset=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2023\/11\/select-btc-and-net2-500x1024.jpg 500w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2023\/11\/select-btc-and-net2-146x300.jpg 146w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2023\/11\/select-btc-and-net2-45x92.jpg 45w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2023\/11\/select-btc-and-net2.jpg 625w\" data-sizes=\"auto, (max-width: 500px) 100vw, 500px\" data-width=\"500\" data-height=\"1024\" data-src=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2023\/11\/select-btc-and-net2-500x1024.jpg\"><span class=\"svq-img-loader\"><\/span><\/span><noscript><img loading=\"lazy\" decoding=\"async\" width=\"500\" height=\"1024\" src=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2023\/11\/select-btc-and-net2-500x1024.jpg\" alt=\"\" class=\"wp-image-917\" style=\"aspect-ratio:0.48828125;width:281px;height:auto\" srcset=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2023\/11\/select-btc-and-net2-500x1024.jpg 500w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2023\/11\/select-btc-and-net2-146x300.jpg 146w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2023\/11\/select-btc-and-net2-45x92.jpg 45w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2023\/11\/select-btc-and-net2.jpg 625w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><\/noscript><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li><em>Paste the address<\/em> you copied from the Electrum Receive tab, select <em>Network<\/em>, enter <em>Amount<\/em> and wallet to withdraw from.<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><span class=\"placeholder-el\" data-svq-align=\"\"><img loading=\"lazy\" decoding=\"async\" width=\"500\" height=\"1024\" src=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2023\/11\/enter-details3-45x92.jpg\" alt class=\"wp-image-918 lazy\" style=\"height: 0; width: 500px; padding-bottom: 204.80%;\" data-srcset=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2023\/11\/enter-details3-500x1024.jpg 500w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2023\/11\/enter-details3-146x300.jpg 146w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2023\/11\/enter-details3-45x92.jpg 45w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2023\/11\/enter-details3.jpg 625w\" data-sizes=\"auto, (max-width: 500px) 100vw, 500px\" data-width=\"500\" data-height=\"1024\" data-src=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2023\/11\/enter-details3-500x1024.jpg\"><span class=\"svq-img-loader\"><\/span><\/span><noscript><img loading=\"lazy\" decoding=\"async\" width=\"500\" height=\"1024\" src=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2023\/11\/enter-details3-500x1024.jpg\" alt=\"\" class=\"wp-image-918\" style=\"aspect-ratio:0.48828125;width:280px;height:auto\" srcset=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2023\/11\/enter-details3-500x1024.jpg 500w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2023\/11\/enter-details3-146x300.jpg 146w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2023\/11\/enter-details3-45x92.jpg 45w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2023\/11\/enter-details3.jpg 625w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><\/noscript><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Carefully verify the information entered and <em>Confirm<\/em>.<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><span class=\"placeholder-el\" data-svq-align=\"\"><img loading=\"lazy\" decoding=\"async\" width=\"500\" height=\"1024\" src=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2023\/11\/check-address-network-and-confirm4-45x92.jpg\" alt class=\"wp-image-919 lazy\" style=\"height: 0; width: 500px; padding-bottom: 204.80%;\" data-srcset=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2023\/11\/check-address-network-and-confirm4-500x1024.jpg 500w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2023\/11\/check-address-network-and-confirm4-146x300.jpg 146w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2023\/11\/check-address-network-and-confirm4-45x92.jpg 45w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2023\/11\/check-address-network-and-confirm4.jpg 625w\" data-sizes=\"auto, (max-width: 500px) 100vw, 500px\" data-width=\"500\" data-height=\"1024\" data-src=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2023\/11\/check-address-network-and-confirm4-500x1024.jpg\"><span class=\"svq-img-loader\"><\/span><\/span><noscript><img loading=\"lazy\" decoding=\"async\" width=\"500\" height=\"1024\" src=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2023\/11\/check-address-network-and-confirm4-500x1024.jpg\" alt=\"\" class=\"wp-image-919\" style=\"aspect-ratio:0.48828125;width:299px;height:auto\" srcset=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2023\/11\/check-address-network-and-confirm4-500x1024.jpg 500w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2023\/11\/check-address-network-and-confirm4-146x300.jpg 146w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2023\/11\/check-address-network-and-confirm4-45x92.jpg 45w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2023\/11\/check-address-network-and-confirm4.jpg 625w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><\/noscript><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Binance process withdrawals within minutes. Once your transaction is confirmed you will see it in your Electrum wallet transactions list.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I think you have heard this wording &#8211; &#8220;Not your keys, not your coins&#8221;. But what does this mean? For a Bitcoin nerd it&#8217;s self-speaking but a person who buys Bitcoin on the exchange and keeps it there may have no clue. In fact Bitcoin empowers us to be our own bank &#8211; to have [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":919,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"stax_block_gap":"","stax_show_title_section":"","stax_single_post_media_panel_height":"","stax_single_post_media_panel_text":"","stax_single_post_cateory_breadcrumb":"","stax_single_post_title_position":"","stax_single_post_title_align":"","stax_single_post_title_extra_align":"","stax_single_post_title_size":"","stax_single_post_image_width":"","stax_single_post_image_format":"","stax_single_post_audio_panel":"","stax_single_post_video_panel":"","stax_single_post_video_width":"","stax_single_post_gallery_panel":"","stax_single_post_gallery_width":"","stax_single_post_gallery_slides":"","stax_single_post_meta_author_avatar":"","stax_single_post_meta_author_name":"","stax_single_post_meta_post_date":"","stax_single_post_meta_reading_time":"","stax_single_post_shapes":"","footnotes":""},"categories":[17],"tags":[171],"class_list":["post-900","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-transfer-bitcoin-from-exchange-to-electrum"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.12 (Yoast SEO v27.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Transfer Bitcoin from the exchange (ex. 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In this article we show how to transfer Bitcoin from the exchange to the Electrum wallet.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/yohost.org\/library\/transfer-bitcoin-from-the-exchange-ex-binance-to-electrum-wallet\/\" \/>\n<meta property=\"og:site_name\" content=\"Privacy Dedicated Library\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-04T10:35:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-04T10:35:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2023\/11\/check-address-network-and-confirm4.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"625\" \/>\n\t<meta property=\"og:image:height\" content=\"1280\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Paul M\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@yohostorg\" \/>\n<meta name=\"twitter:site\" content=\"@yohostorg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Paul M\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/yohost.org\\\/library\\\/transfer-bitcoin-from-the-exchange-ex-binance-to-electrum-wallet\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/yohost.org\\\/library\\\/transfer-bitcoin-from-the-exchange-ex-binance-to-electrum-wallet\\\/\"},\"author\":{\"name\":\"Paul M\",\"@id\":\"https:\\\/\\\/yohost.org\\\/library\\\/#\\\/schema\\\/person\\\/69f04ef60b945341f65db69ad70c0faf\"},\"headline\":\"Transfer Bitcoin from the exchange (ex. 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