Often referred to as the second most popular cryptocurrency, after Bitcoin, ETH is one you’re probably HODL-ing, right?!
Widely considered to be the next step of the Internet, if your ETH is sitting idle at Binance, it’s time to transfer it over to hi and earn 5.5% APY on your ETH.
That’s why today we’re going to go over how to transfer your ETH from Binance into your hi wallet.
Now we need to make sure that your hi wallet is ready to receive deposits. This means that you have installed our app, created an account, and passed Identity Verification.
Follow these steps
Your hi wallets are the easiest and most convenient way to access your Crypto on-the-go.
Here’s an easy guide on how to transfer your digital assets over to hi.
- Open your account on the hi Mobile or Web App (in case you don’t have an account already, please follow our guide here on how to sign up)
- Tap on the hi logo on the main screen to summon the menu, and click on Deposit
- Select the currency that you’d like to deposit from the drop down menu. hi supports all of these currencies, with even more to come soon
- Once you’ve selected the Crypto you are depositing, let’s say I select ETH for example, then copy over the Deposit Address to your clipboard
Do note, due to the nature of the blockchain, only digital assets that match with the deposit address’ blockchain can be transferred. Any mismatched transfer may result in a permanent loss of your funds.
Go to Binance
Now that you’ve copied the deposit address, head to Binance where your Crypto is currently stored, and follow the platform-specific instructions to withdraw.
Let’s say I want to withdraw ETH from Binance and transfer over to hi. I’ll tap on withdraw, paste the deposit address and voila, it’s done.
Going back to hi, I’ll be able to see that the funds are safe in my wallet and ready for me to preserve, stake or more.