How to deposit and withdraw on exchange

[Issa56]

Deposit and Withdrawal in a cryptocurrency exchange is one of the most important things that I believe novices who are new to cryptocurrency will want to know about, and I believe that this post will really help newbies who don't know how to deposit and withdraw from a cryptocurrency exchange because I will be guiding them on steps to follow to deposit and withdraw on some exchanges. We all know that leaving our funds in a cryptocurrency exchange wallet (non custodial wallet) is not a good idea because your funds are not safe there. There is a saying that goes "Not your key, not your money" because when you leave your money in an exchange, you don't have complete control over your funds because you don't have the private key.
Some people will also want to start trading for the first time, which they will want to deposit fund in exchange and they will be scared using wrong address which will lead to lose of fund, some will be having difficulty whenever they want to make withdrawal to their custodial wallet address after trading, I believe it's advisable that you return your funds to your custodial wallet address, for which you have the private key, and ensure that you don't share the private key with anyone. Your funds will be safe there because you have complete control over the wallet, so they are all yours. I feel that if you want to hold a coin, you should make sure that after buying the coin from an exchange, you should transfer it back to your custodial wallet address since leaving your coin in an exchange is quite unsafe because anything may happen to the exchange at any time. This post I believe, will be really beneficial to newbies who will also want to send coin to someone.

The following are the exchange which I will be giving procedure on how to deposit and withdraw which includes

1. BINANCE EXCHANGE
2. KUCOIN EXCHANGE
3. PROBIT EXCHANGE.

HOW TO DEPOSIT A COIN ON BINANCE EXCHANGE.

- LOGIN TO YOUR ACCOUNT THEN CLICK ON WALLET.


- CLICK ON DEPOSIT


- CLICK ON SEARCH AND SEARCH FOR THE COIN YOU WANT TO DEPOSIT.


- CLICK ON THE CHAIN YOU WANT TO USE THEN COPY YOUR WALLET ADDRESS.



HOW TO WITHDRAW FROM BINANCE ACCOUNT.

- LOGIN TO YOUR ACCOUNT THEN CLICK ON WALLET.


- THEN CLICK ON WITHDRAW.


- CLICK ON CRYPTO THEN CLICK ON SEARCH AND TYPE ANY COIN YOU ARE ABOUT TO WITHDRAW.


- SELECT THE NETWORK WHICH YOU ARE WITHDRAWING TO AND MAKE SURE YOUR WITHDRAWAL NETWORK IS THESAME WITH YOUR DEPOSIT NETWORK.

THEN YOU ENTER WITHDRAWAL WALLET ADDRESS, NETWORK, AMOUNT YOU ARE WITHDRAWING AND YOU WILL CLICK ON THE WITHDRAWAL BOTTON AT THE BOTTOM.



HOW TO MAKE DEPOSIT ON KUCOIN.

- FIRSTLY YOU LOGIN TO YOUR KUCOIN ACCOUNT, THEN CLICK ON ASSETS.


- THEN YOU WILL CLICK ON DEPOSIT BOTTON.


- CLICK ON SEARCH AND TYPE THE COIN YOU WANT TO DEPOSIT ON YOUR SEARCH BOX.


- SELECT THE NETWORK YOU WANT TO USE, THEN COPY YOUR WALLET ADDRESS.




HOW TO WITHDRAW ON KUCOIN.

-FIRSTLY YOU LOGIN TO YOUR KUCOIN ACCOUNT, THEN CLICK ON ASSETS.


- CLICK ON WITHDRAWAL.


- CLICK ON SEARCH AND TYPE THE COIN YOU WANT TO WITHDRAW ON THE SEARCH BOX.


- THEN YOU WILL SELECT YOUR CHAIN, YOU WILL PAST YOUR WITHDRAWAL WALLET ADDRESS, SELECT YOUR WITHDRAWAL AMOUNT, THEN YOUR CLICK ON REMARK WHICH IS OPTIONAL THEN YOU CLICK ON CONFIRM.



HOW TO DEPOSIT A COIN ON PROBIT.

- FIRSTLY YOU LOGIN TO YOUR PROBIT ACCOUNT THEN CLICK ON WALLET.


- CLICK ON SEARCH BOTTON.


- THEN SEARCH FOR THE COIN WHICH YOU WANT TO DEPOSIT AND CLICK ON THE COIN.


- YOU WILL SEE A DEPOSIT BOTTON, CLICK ON IT.


- THEN YOU WILL COPY YOUR WALLET ADDRESS.



HOW TO MAKE WITHDRAWAL ON PROBIT EXCHANGE.

- FIRSTLY YOU LOGIN TO YOUR PROBIT ACCOUNT THEN CLICK ON WALLET.


-CLICK ON SEARCH BOTTON.


- THEN SEARCH FOR THE COIN WHICH YOU WANT TO WITHDRAW AND CLICK ON THE COIN.


- YOU WILL SEE A WITHDRAWAL BOTTON, CLICK ON IT.


-THEN TYPE YOUR WITHDRAWAL AMOUNT, YOU WILL SEE YOUR NETWORK FEE(TRANSACTION FEE), THEN YOU WILL CLICK ON NEXT.


-THEN YOU WILL BE TAKEN TO WHERE YOU WILL PAST YOUR WITHDRAWAL WALLET ADDRESS THEN YOU CONTINUE, IT WILL SHOW YOU YOUR OVERVIEW OF YOUR TRANSACTION THEN YOU CONTINUE.


Sources link: https://www.binance.com/en
Sources link: https://m.kucoin.com/
Sources link: https://www.probit.com/en-us/

[Jawhead999]

I feel that if you want to hold a coin, you should make sure that after buying the coin from an exchange, you should transfer it back to your custodial wallet address since leaving your coin in an exchange is quite unsafe because anything may happen to the exchange at any time.

1. BINANCE EXCHANGE
2. KUCOIN EXCHANGE
3. COINSBIT EXCHANGE
4. PROBIT EXCHANGE.

The first thing newbies need to learn is not about how to deposit and withdraw on exchange, but how to choose the reputable and trustworthy exchanges!
Okay both Binance and KuCoin are good exchange even Binance has a problem of forcing their user to submit KYC and KuCoin has a problem of losing trading password you'll asked to provide KYC.

But Coinsbit is scammy ponzi exchanges COINSBIT.IO SCAM EXCHANGE + PONZI SCHEME !!! while Probit isn't really known and it's suspicious Probit exchange Washtrading SCAM

Each exchanges doesn't have any difference when it comes to deposit and withdrawal so IMO it's not really need a guide. Usually they have a problem when it talks about fees, network, and memo.

Anyway you need to resize your images, width=250 seems fine.

[Issa56]

I feel that if you want to hold a coin, you should make sure that after buying the coin from an exchange, you should transfer it back to your custodial wallet address since leaving your coin in an exchange is quite unsafe because anything may happen to the exchange at any time.

1. BINANCE EXCHANGE
2. KUCOIN EXCHANGE
3. COINSBIT EXCHANGE
4. PROBIT EXCHANGE.

The first thing newbies need to learn is not about how to deposit and withdraw on exchange, but how to choose the reputable and trustworthy exchanges!
Okay both Binance and KuCoin are good exchange even Binance has a problem of forcing their user to submit KYC and KuCoin has a problem of losing trading password you'll asked to provide KYC.

But Coinsbit is scammy ponzi exchanges COINSBIT.IO SCAM EXCHANGE + PONZI SCHEME !!! while Probit isn't really known and it's suspicious Probit exchange Washtrading SCAM

Each exchanges doesn't have any difference when it comes to deposit and withdrawal so IMO it's not really need a guide. Usually they have a problem when it talks about fees, network, and memo.

Anyway you need to resize your images, width=250 seems fine.

Thank for your correction I really appreciate.
I know coinsbit is not really a reputable exchange but some people will want to buy and hold some coins which they believe it will do well in future and some might be listed on coinsbit alone,thats why I decided to add the exchange.

[SquirrelJulietGarden]

Cryptowisser.com
Cryptocurrency Exchange List
Exchange Graveyard

Some important steps to do
- Check the coin name and symbol
- Check the chain
- Check the address
- Check the fund you want to send or withdraw
- Check information of your withdrawal that usually will be sent to your email or on pop-up window for confirmation

I will check first three steps and I will enter the fund in the last step. I know there will be confirmation in email or pop-up window later but to be safe, I always enter the amount lastly.

[Potato Chips]

Most exchanges already have guides for basic use such as withdrawal and deposit in their help center/FAQ

Binance: https://www.binance.com/en/support/faq/c-2?
Kucoin: https://support.kucoin.plus/hc/en-us/categories/900000380926-Deposit-Withdraw

Won't be listing probit and coinsbit for reasons mentioned but they do have it.

[Bitcoin_Arena]

Thank for your correction I really appreciate.
I know coinsbit is not really a reputable exchange but some people will want to buy and hold some coins which they believe it will do well in future and some might be listed on coinsbit alone,thats why I decided to add the exchange.

It's not just an exchange that is "not really reputable" The exchange is a proven scam.

Why would you want to promote a scam or encourage people to register and deposit their assets in a scam exchange?
What is the point of buying coins listed in coinsbit alone if the trader is going to get his assets scammed by them?

Please consider revising your post. You made this post, remember newbies will get it through Google search.

[Issa56]

Thank for your correction I really appreciate.
I know coinsbit is not really a reputable exchange but some people will want to buy and hold some coins which they believe it will do well in future and some might be listed on coinsbit alone,thats why I decided to add the exchange.

It's not just an exchange that is "not really reputable" The exchange is a proven scam.

Why would you want to promote a scam or encourage people to register and deposit their assets in a scam exchange?
What is the point of buying coins listed in coinsbit alone if the trader is going to get his assets scammed by them?

Please consider revising your post. You made this post, remember newbies will get it through Google search.

OK thanks for your comments I will try and remove coinsbit, but is Probit okay?

[sheenshane]

...but is Probit okay?

In Trustpilot Review, it seems they are not a good exchange.  I didn't try using them but it seems they don't have a reputable name to trust to hold our fund and do trading.

If you want to have a list like this, do some research first before recommending it to someone else. 
Because there's a consequence that you might blame in the nature once they were scammed.

...some people will want to buy and hold some coins which they believe it will do well in future and some might be listed on coinsbit alone,thats why I decided to add the exchange.

If you found some people like this, advice them not to tolerate this idea.  Holding coins on any exchange for a long time isn't good, we should have full control over our coin if you remember the golden rule of crypto "Not your keys, not coins" its better to pull out all your coins in the exchange.

[Issa56]

...but is Probit okay?

In Trustpilot Review, it seems they are not a good exchange.  I didn't try using them but it seems they don't have a reputable name to trust to hold our fund and do trading.

If you want to have a list like this, do some research first before recommending it to someone else. 
Because there's a consequence that you might blame in the nature once they were scammed.

...some people will want to buy and hold some coins which they believe it will do well in future and some might be listed on coinsbit alone,thats why I decided to add the exchange.

If you found some people like this, advice them not to tolerate this idea.  Holding coins on any exchange for a long time isn't good, we should have full control over our coin if you remember the golden rule of crypto "Not your keys, not coins" its better to pull out all your coins in the exchange.

Thanks but I don't mean they are holding a coin on an exchange, I mean some will just want to buy from the exchange after buying they will withdraw the coin to their personal wallet which they have the private key, but they can only get the coin from the exchange.

[Darker45]

Are these spoon-feeding instructions even needed? Sometimes tutorials like this make me think the intended audience are mentally-handicapped individuals.

If anybody has successfully created an account in an exchange, it means he/she is also capable of navigating through the withdrawal or deposit features of the exchange. Don't you think it is a bit too much to instruct the exchange account owner to click on deposit if he/she wants to make a deposit? And click on next or confirm after he/she's done with a step?

[hugeblack]

I do not think that depositing and withdrawing as an idea needs a lot of explanation, but since some tokens have become available on more than one blockchain^*, determining the appropriate blockchain will reduce many errors that occur.

Also some coins require a tag which if you do not enter it you may lose your money such as depositing Ripple.

* you can find USDT on OMNI, ETH, TRON, Polygon, ...etc


Focusing on these concepts is better after knowing how to choose the platform and reduce withdrawal fees accordingly.