Transferring cryptocurrency from one platform to another can seem intimidating, especially when dealing with brokers like eToro that operate differently than traditional exchanges. If you're looking to move your Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), or other supported cryptos from eToro to Binance, this step-by-step guide will walk you through the entire process safely and efficiently.
Whether you're aiming for lower trading fees, broader coin selection, or more advanced trading tools available on Binance, understanding the correct transfer workflow is crucial to avoid costly mistakes.
Understanding eToro’s Unique Structure
Before diving into the transfer steps, it's important to understand how eToro differs from typical crypto exchanges:
- eToro does not support direct crypto deposits. You can only buy digital assets through the platform.
- All purchased crypto is initially held within your trading portfolio, not a wallet.
- To withdraw crypto, you must first move it from your trading account to your eToro wallet.
- Only after it reaches the eToro wallet can you send it externally—such as to Binance.
This two-step process adds an extra layer compared to platforms like Coinbase or Kraken, where transfers are more straightforward.
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Step 1: Transfer Crypto from Trading Account to eToro Wallet
The first phase involves moving your assets internally within eToro.
- Log in to your eToro account and go to your "Portfolio" or "Assets" section.
- Locate the cryptocurrency you wish to transfer (e.g., BTC, ETH, ADA).
- Click on the specific asset to open its details page.
- Look for the option labeled “Transfer to Wallet” and click it.
- Confirm the transfer amount and complete any required authentication (like 2FA).
Once confirmed, the selected crypto will be moved from your trading balance to your eToro wallet—this usually takes just a few seconds.
🔍 Note: Not all cryptocurrencies on eToro are withdrawable. Make sure the coin you own is supported for withdrawal by checking eToro’s official list.
Step 2: Get Your Binance Deposit Address
Now that your crypto is in your eToro wallet, you need a destination address on Binance.
- Log in to your Binance account.
- Hover over "Wallet" in the top-right menu and select “Fiat and Spot”.
- Click on “Deposit” next to the cryptocurrency you’re transferring (e.g., BTC, ETH).
- Select the appropriate network (more on this below).
- Copy the deposit address provided by Binance.
⚠️ Critical: Always double-check:
- The correct cryptocurrency
- The compatible network (e.g., ERC-20 for ETH, BEP-20 for BSC)
- Any required memo/tag (especially for XRP or XLM)
Using an incompatible network may result in permanent loss of funds.
Step 3: Withdraw Crypto from eToro Wallet to Binance
With your Binance address ready, return to eToro to complete the withdrawal.
- In your eToro wallet, select the cryptocurrency you want to send.
- Click “Send”.
- Paste the Binance deposit address.
- Choose the correct network that matches Binance’s deposit settings.
- Enter the amount and review all details carefully.
- Confirm using your 2FA authentication method (Google Authenticator, SMS, etc.).
After confirmation, the transaction will be processed. Depending on network congestion and blockchain speed, it may take several minutes to a few hours for funds to appear in your Binance account.
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Key Tips & Warnings
To ensure a smooth and secure transfer:
- ✅ Always send a small test transaction first, especially if you're transferring large amounts or using a new network.
- ❌ Never send unsupported tokens—doing so could lead to irreversible loss.
- 💡 Use low-fee networks when possible (e.g., BEP-20 instead of ERC-20 for ETH transfers if supported).
- 🕵️♂️ Beware of phishing sites—only use official URLs for both eToro and Binance.
Frequently Asked Questions (FAQ)
Q: Can I transfer crypto directly from eToro to Binance?
No. You must first move your crypto from your eToro trading portfolio to your eToro wallet, then initiate the external withdrawal to Binance.
Q: Why can’t I withdraw certain cryptocurrencies from eToro?
eToro only allows withdrawals for specific cryptocurrencies. Some tokens are restricted due to technical or regulatory reasons. Check their help center for the latest list of withdrawable assets.
Q: Which network should I use when sending crypto from eToro to Binance?
Choose a network supported by both platforms. For example:
- Bitcoin (BTC) → BTC network
- Ethereum (ETH) → ERC-20 or BEP-20
- Cardano (ADA) → ADA network only
Prefer BEP-20 over ERC-20 when possible for lower fees.
Q: How long does it take for crypto to arrive on Binance?
Typically between 10 minutes and 2 hours, depending on blockchain congestion and confirmation times. You can track the transaction using a blockchain explorer with the TXID.
Q: What happens if I use the wrong network?
Sending crypto via an unsupported network may result in permanent loss of funds. Always verify network compatibility before confirming any transfer.
Q: Are there fees for transferring crypto from eToro to Binance?
Yes. eToro charges a small network fee based on current blockchain conditions. This is separate from any spread or trading fees you may have paid when buying crypto.
Final Thoughts
Transferring crypto from eToro to Binance requires careful attention due to eToro’s unique structure. While it’s not as simple as sending from one exchange wallet to another, following these steps ensures a safe and successful transfer.
Remember:
- Move crypto from trading account → eToro wallet
- Copy correct deposit address + network from Binance
- Send with caution and always test first
Once your assets are on Binance, you gain access to advanced trading features, staking opportunities, DeFi integrations, and a wider range of tradable assets.
By mastering inter-platform transfers, you take full control of your digital assets—unlocking greater flexibility, security, and opportunity in your crypto journey.
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