transfet btc to a specific wallet

[joerack]

I'd like to transfer to an external asset outside of binance.

Do I need BNB, B2C,  ERC20, or BTC network?

[AB de Royse777]

Assuming you want to move your coins from Binance (exchange) to your own wallet?

Chosing a wallet depends on the coin you are moving. Let us know which coins are you moving. If this is bitcoin then have an Electrum wallet if you are unable to run a full node.

For electrum, this could be a good start:
Download : https://electrum.org/#download
How to verify Electrum application file: https://bitcoinelectrum.com/how-to-verify-your-electrum-download/

[joerack]

yes it's bitcoin.
So with an electrum wallet i can transfer back btc with erc20?
What I don't understand is:  can I transfer bitcoin on  ethereum erc20 ? Doesn't it have to be ethereum first  ?
https://ibb.co/rpCCVmf

[mocacinno]

yes it's bitcoin.
So with an electrum wallet i can transfer back btc with erc20?
What I don't understand is:  can I transfer bitcoin on  ethereum erc20 ? Doesn't it have to be ethereum first  ?
https://ibb.co/rpCCVmf

euhm... Stop right there... You're mixing up a lot of things here...

Bitcoin is bitcoin. It has nothing to do with erc20 tokens. Erc20 tokens are transferred on the ethereum chain ONLY.
The ONLY relation between bitcoin and ethereum (and the erc20 tokens on ethereums chain) is that you can exchange bitcoin for ethereum (or for tokens).

It's like being able to exchange cash for a piece of gum. They're two completely different things. You should not chew on coins, and nobody is going to be happy if their wage is payed with bubble gum

[mk4]

yes it's bitcoin.
So with an electrum wallet i can transfer back btc with erc20?
What I don't understand is:  can I transfer bitcoin on  ethereum erc20 ? Doesn't it have to be ethereum first

Bitcoin(BTC) is transferred through the Bitcoin network and Ether(ETH) is transferred through the Ethereum network. They're on separate blockchains.

Electrum is a Bitcoin(BTC)-only wallet.

And like what mocacinno said, you probably need to slow down and do research first lol. You don't want to mess this up and lose your money.

[joerack]

thanks for the help, I used (and threw away) 2btc in a couple 50€ xbox cards like 7 years ago. Back then things were easier.

I guess that with BTC option the transaction will go smoothly (shame it's so expensive... 15€)

[AB de Royse777]

thanks for the help, I used (and threw away) 2btc in a couple 50€ xbox cards like 7 years ago. Back then things were easier.

I guess that with BTC option the transaction will go smoothly (shame it's so expensive... 15€)

It seems you were clueless and even concluded with a very confusing ending. Hopefully mocacinno has clearted it a bit for you. However, just to double-check. What did you understand so far?

Remember if you mess up with wrong wallet or wrong address then your coins are gone forever.

[joerack]

That according to this https://ibb.co/rpCCVmf
The first two options are relative to another binance account this why fees are cheap.

ERC20 ETH is only for ethereum crypto and needs an ethereum  local/remote wallet with proper address to work

BTC is the option I need and will work for external BITCOIN only transfer and a bitcoin only  receiving address. The high fee is due to miner's fees and network fees

[AB de Royse777]

That according to this https://ibb.co/rpCCVmf
The first two options are relative to another binance account this why fees are cheap.

ERC20 ETH is only for ethereum crypto and needs an ethereum  local/remote wallet with proper address to work

BTC is the option I need and will work for external BITCOIN only transfer and a bitcoin only  receiving address. The high fee is due to miner's fees and network fees

Sounds good to me.
I do not know if Binance allow internal transaction but Kucoin does. Unfortunately Binance withdrawal fee for BTC is 0.0005 BTC (if I am not wrong) which means you have not enough Bitcoin to withdraw however if they had/have internal transfer then possibly you can send it to someone who has enough coins to withdraw and when they withdraw their coins they can just add your coin too and once the coins are in their own wallet then they can send the coins to your own private wallet. This is a hypothetical scenario by the way. I have no idea if anyone tried it LOL

You need someone who you trust and very close to you of course.

[joerack]

Do you know if coinbase fee is cheaper?

[crzy]

I'd like to transfer to an external asset outside of binance.

Do I need BNB, B2C,  ERC20, or BTC network?

What coins do you have? because the answer on this question will answer depend on your holdings.
If you are just going to withdraw a specific coins/tokens, you don't have to worry about its network, you just need to have the address of the coins/tokens you are withdrawing on your external account, for example BTC to BTC address only.

[mk4]

Do you know if coinbase fee is cheaper?

Not really sure what withdrawal fees are for Coinbase but it's likely to not be any better. Exchanges in general mostly have unnecessarily high withdrawal fees to make the transactions faster, and that you can't set your own fees as with non-custodial wallets.

Seriously though, I suggest doing some reading as you seem to be quite new.

• https://cryptosec.info/wallets
• https://www.coindesk.com/learn

[Jawhead999]

Do you know if coinbase fee is cheaper?

I don't think coinbase is cheap, it take 1% to withdraw and 1,49%-3,99% for buy and sell. Maybe you refer to coinbase pro, because the fees is more cheap rather than coinbase [1]

While Binance, it take 0.0005 BTC to withdraw and 0,1% for buy and sell.

What coins do you have? because the answer on this question will answer depend on your holdings.
If you are just going to withdraw a specific coins/tokens, you don't have to worry about its network, you just need to have the address of the coins/tokens you are withdrawing on your external account, for example BTC to BTC address only.

Better to read the whole post than just the thread, he already mention the coin is Bitcoin.

[1] https://pro.coinbase.com/fees

[joniboini]

Regardless of the platform fees, if the network is busy then you should not expect a significant cost saving. Most platforms take a 0.0005 BTC fee for withdrawal anyway, only HitBTC if I recall correctly that takes a lot more than that.

[Streets 2.0]

How can I find a real reliable wallet if there are already many cases of theft from them. Perhaps there is a need to create something more reliable than the solutions that are available today. My friend's wallet was empty for no apparent reason and there were a lot of coins inside. I think we are all seeing another historical rise in the entire cryptocurrency topic and the importance of the security issue comes to the fore.