How to transfer Bitcoin from Binance to CoinDCX App

Introduction

Amid the recent developments involving the Financial Intelligence Unit (FIU) issuing show cause notices to Binance and eight other offshore exchanges, CoinDCX takes a proactive step to empower Indian users. In adherence to FIU regulations, CoinDCX has introduced a crypto deposit feature to facilitate secure and compliant transfers of crypto assets. This move ensures that Indian users can safeguard their cryptos from potential risks associated with offshore exchanges.

With the newly launched crypto deposit feature, CoinDCX provides a solution prioritizing security and compliance. This comprehensive guide is designed to walk you through seamlessly transferring your Bitcoin holdings from Binance to CoinDCX, allowing you to benefit from a compliant exchange in India. This walkthrough ensures a smooth, worry-free transition of your assets to a compliant and secure platform.

Why Choose CoinDCX for Your Crypto Deposits?

1. FIU Compliance: CoinDCX’s crypto deposit feature aligns with FIU regulations, offering users a secure and compliant environment for crypto transactions.
2. Secure Transfers: Prioritize the safety of your crypto assets by transferring them to CoinDCX, where robust security measures are in place to protect your investments.
3. Worry-Free Process: Enjoy a smooth and worry-free deposit process, knowing that your funds are now within the confines of a compliant crypto exchange in India.

Deposit Now

Guide: How to Send Bitcoin from Binance to CoinDCX:

Step 1:

Log in to your CoinDCX app and tap on the ‘Deposit’ Button.

CoinDCX Home Page

Step 2:

Choose the crypto you want to transfer from your Binance account into your CoinDCX account in a FIU-compliant manner. In this case, go ahead and tap on Bitcoin.

Choose Your Token

Step 3: 

Now, the Bitcoin deposit form will open up on the CoinDCX crypto app. This page contains the specific QR code and the wallet address that you will need to initiate the Bitcoin withdrawal process on the Binance app. Go ahead and copy the wallet address at this step.

Bitcoin Deposit Form

Step 4:

Now open up the Binance app and head over to the withdrawal section. Now, tap on Bitcoin, the token you wish to withdraw from your Binance account. Then tap on ‘Send via Crypto Network’ button.

Binance Withdrawal Page

Step 5:

Once the following withdrawal form opens on your Binance account, paste the CoinDCX wallet address you copied earlier. Fill in the other relevant details, like the amount of Bitcoin you want to transfer and other necessary items.

Binance Withdrawal Form

Step 6:

Once you tap the ‘Withdraw’ button at the bottom, head back to your CoinDCX app and wait awhile. Once the deposit is identified, all you need to do is verify your details by submitting a self-declaration that you are depositing these tokens and also mention the purpose for the transfer. Check the acknowledgement box at the bottom, and you’re all set.

Self Deposit Form

Step 7: 

Once your details are submitted, your transaction may take a while to complete.

Verification Underway

Step 8:

Once your verification is complete, the transaction will be processed, and your Bitcoin will have been transferred from your Binance account to your CoinDCX account in a secure and compliant manner.

Token Deposit Now Complete

Conclusion

As you navigate the dynamic world of crypto trading, choosing the right platform for your transactions is crucial. CoinDCX’s crypto deposit feature ensures compliance and adds an extra layer of security to your investments. Following this detailed guide, you can seamlessly transfer your Bitcoin from Binance to CoinDCX, enjoying the benefits of a compliant and secure crypto exchange in India.

Embark on this worry-free journey with CoinDCX, where your crypto assets are treated with the utmost care, and regulatory adherence is a top priority. Explore the possibilities of crypto deposits and elevate your trading experience with CoinDCX crypto app today.