Centralized crypto exchanges (like Binance, Coinbase, and Gemini), as well as traditional financial platforms that let you purchase crypto (like Robinhood) can be an easy way to onboard into crypto, but you shouldn't rely on them to be your main crypto wallet.
Moving your funds to a non-custodial wallet like the Enkrypt multichain browser wallet or MEW Mobile wallet gives you full control over your crypto. When you have your wallet keys, no one can block your transactions or freeze your account, and you won't be affected by big exchanges losing liquidity or going bankrupt.
Move Your Crypto to MEW Mobile
1. Create a new MEW Mobile wallet if you don't already have one.
Download it here, and see our guides for creating and backing up your wallet on iOS and Android.
2. Find and copy your MEW wallet address
To find your receiving address, tap on the 'Deposit' button. This will bring up a pop-up where you can copy the address or scan the QR code with another mobile device. See Receiving and sending crypto on Android or iOS for more info.
If you have multiple accounts in MEW, make sure you are copying the address of the account where you want to deposit the assets from the exchange.
Also, note that your wallet address will be the same on all supported EVM networks like Ethereum, Polygon, and BNB Smart Chain. That's because they are all compatible with and use the same standards as Ethereum.
3. Withdraw crypto from Binance
Go to your Binance account on mobile or desktop, and then follow their guide for withdrawing crypto to a different wallet.
Binance allows users to send crypto on several networks. It's important to select the correct network for your coins.
For Ethereum (ETH) and all ERC20 tokens, choose the ERC20 network. Some popular ERC20 tokens include DAI, USDC, and USDT. Need help figuring out whether your token is based on Ethereum? See Tokens supported by MEW for help.
For BNB that is on the BNB Smart Chain (formerly Binance Smart Chain/BSC), choose the BEP20 network. Note that BNB Beacon Chain/BEP2 network is NOT supported in MEW wallet.
For POL (MATIC), choose the Polygon network.
Some coins that are NOT supported in MEW wallet include Cardano (ADA), Litecoin (LTC), Tron (TRX) and TRC20 tokens, Dogecoin (DOGE), Ripple (XRP), Tezos (XTZ), and Monero (XMR). This is not an exhaustive list of unsupported currencies.
4. Check your balances in MEW wallet
After your transaction is sent, you should be able to view its status in the Binance app/website, or copy the transaction hash to view it in a blockchain explorer. Once it goes through, your balance will be updated in MEW wallet on the account that you sent the tokens to.
If you are sending from another centralized exchange or platform like Coinbase, Robinhood, Gemini, OKX, Kraken, KuCoin, Huobi, etc, the process will be similar. Start by creating a new MEW Mobile wallet, if you don't already have one, then check the supported networks and cryptocurrencies, copy your new wallet address(es), and follow your exchange's guide for withdrawing crypto to a different wallet.
Don't have a wallet? Don't LOVE your wallet? Creating a new wallet with MEW is easy.
Need help? Use this Enkrypt guide
Move your crypto to Enkrypt
1. Create a new Enkrypt wallet, if you don't already have one.
Enkrypt is available for all major browsers. Download Enkrypt here and see our guide for creating an Enkrypt wallet.
2. Set up networks and copy your Enkrypt address(es) for receiving crypto.
To avoid issues with moving your funds, you need to make sure that you are only sending those coins that will be supported in Enkrypt.
Luckily, Enkrypt supports multiple networks and currencies, including Ethereum (ETH) and all ERC-20 tokens, Bitcoin (BTC), Solana (SOL), Polkadot (DOT), Polygon (POL, formerly MATIC), and BNB Smart Chain (BNB). For more details see What cryptocurrencies/tokens does MEW support.
After you have installed Enkrypt and created a wallet, you will see a default list of networks on the left under the 'All' tab. To add more networks to this list, click the 3 dot icon at the top then select Other networks. For more information, see Connecting to networks and DApps.
To find your address for receiving crypto in your Enkrypt wallet, select the appropriate network for the coins you are sending, and then click on the Deposit button. You will see a pop-up from which you can copy the address or scan the QR code with a mobile device.
Enkrypt allows users to generate multiple accounts on the same network, so if you have more than one account, make sure to copy the address for the correct one. For managing accounts on Enkrypt, see Add and Import accounts.
3. Withdraw crypto from Binance.
Go to your Binance account on mobile or desktop, and then follow their guide for withdrawing crypto to a different wallet.
We recommend sending a small amount first to make sure that everything goes as expected.
Binance allows users to send crypto on several networks. It's important to select the correct network for your coins.
For Ethereum (ETH) and all ERC20 tokens, choose the ERC20 network. Some popular ERC20 tokens include DAI, USDC, and USDT. Need help figuring out whether your token is based on Ethereum? See this article.
For BNB that is on the BNB Smart Chain (formerly Binance Smart Chain/BSC), choose the BEP20 network. Note that BNB Beacon Chain/BEP2 network is NOT supported in Enkrypt.
For Bitcoin choose the BTC network. Enkrypt will also support POL (MATIC), DOT, and ETC natively. Make sure you select the network that corresponds to the token you are sending.
Some coins that are NOT supported in Enkrypt include Cardano (ADA), Tron (TRX) and TRC20, Dogecoin (DOGE), and Ripple (XRP). This is not an exhaustive list of unsupported currencies.
4. Check your balances in Enkrypt.
After your transaction is sent, you should be able to view its status in the Binance app/website, or copy the transaction hash to view it in a blockchain explorer. Once it goes through, your balance will be updated in Enkrypt on the account that you sent the tokens to.
If you have any questions or encounter any issues, please let us know at support@myetherwallet.com and we'll do our best to help!
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