What is the process to move my XLM from Binance to a mobile wallet?
Angjelin NenshatiDec 17, 2021 · 3 years ago1 answers
I want to transfer my XLM (Stellar Lumens) from my Binance account to a mobile wallet. Can you please guide me through the process step by step?
1 answers
- Dec 17, 2021 · 3 years agoSure thing! Here's a step-by-step guide to help you transfer your XLM from Binance to a mobile wallet: 1. First, download a Stellar wallet app on your mobile device. You can choose from various options like Lobstr, Solar Wallet, or StellarTerm. 2. Create a new wallet on the app and make sure to securely store your recovery phrase or private key. 3. Open your Binance account and navigate to the 'Wallet' section. 4. Locate your XLM balance and click on the 'Withdraw' button. 5. Enter the recipient address of your mobile wallet in the provided field. Take extra care to input the correct address. 6. Specify the amount of XLM you wish to transfer. You can either enter the exact amount or select from the available options. 7. Review the withdrawal details and confirm the transaction. 8. Wait for the transaction to be processed, which may take some time depending on network congestion. 9. Once the transaction is confirmed, you'll find your XLM in your mobile wallet. That's it! Your XLM has been successfully moved from Binance to your mobile wallet. Enjoy the convenience and control it offers!
Related Tags
Hot Questions
- 88
How can I protect my digital assets from hackers?
- 83
Are there any special tax rules for crypto investors?
- 81
What are the advantages of using cryptocurrency for online transactions?
- 59
What are the best practices for reporting cryptocurrency on my taxes?
- 53
How does cryptocurrency affect my tax return?
- 41
What are the best digital currencies to invest in right now?
- 31
What is the future of blockchain technology?
- 30
What are the tax implications of using cryptocurrency?