How to Send Bitcoin from Binance to Revolut

Transferring Bitcoin from Binance to Revolut can be a straightforward process if you follow the right steps. This guide will walk you through each phase, ensuring that you complete the transfer smoothly and securely.

Step 1: Set Up Your Revolut Account

Before you can transfer Bitcoin to Revolut, make sure you have a verified Revolut account. If you haven't already set up your account:

1. Download the Revolut App: Available on iOS and Android.
2. Create an Account: Sign up by entering your email address, phone number, and setting a secure password.
3. Verify Your Identity: Follow the in-app instructions to complete KYC (Know Your Customer) verification. This may include uploading identification documents.

Step 2: Obtain Your Bitcoin Wallet Address from Revolut

1. Open the Revolut App: Log in to your Revolut account.
2. Go to the Crypto Section: Tap on the 'Crypto' tab, usually found in the main menu.
3. Select Bitcoin: Choose Bitcoin from the list of cryptocurrencies.
4. Tap 'Receive': You will be shown your Bitcoin wallet address. This address is where you’ll send your Bitcoin from Binance.

Step 3: Log in to Your Binance Account

1. Open the Binance App or Website: Enter your credentials to access your account.
2. Navigate to Your Wallet: Click on 'Wallet' and then 'Fiat and Spot' to view your holdings.

Step 4: Initiate the Transfer

1. Select Bitcoin: Find Bitcoin in your wallet.
2. Click 'Withdraw': This will open the withdrawal interface.
3. Enter Revolut Wallet Address: Copy the Bitcoin wallet address from Revolut and paste it into the 'Address' field on Binance.
4. Input the Amount: Specify how much Bitcoin you want to transfer.
5. Review and Confirm: Double-check the address and amount. Confirm the transaction by following the on-screen instructions, which may include two-factor authentication (2FA) for added security.

Step 5: Wait for the Transfer to Complete

1. Monitor the Transfer: Binance will provide a transaction ID (TXID) that you can use to track the transfer’s status on the Bitcoin blockchain.
2. Check Revolut: After the transaction is confirmed on the blockchain, your Bitcoin should appear in your Revolut account. This might take some time depending on network congestion.

Important Considerations

• Transaction Fees: Be aware of any transaction fees associated with withdrawing Bitcoin from Binance. These fees can vary based on network conditions.
• Network Confirmation: Bitcoin transactions require network confirmations to be processed. Ensure that you wait for the required number of confirmations to have your transaction verified.
• Security: Always verify wallet addresses carefully to avoid sending your Bitcoin to the wrong address.

Troubleshooting Common Issues

1. Transaction Delays: If your transfer is delayed, check the network congestion and the status of the transaction using the TXID.
2. Incorrect Address: If you accidentally enter the wrong wallet address, contact Binance support immediately. Unfortunately, transactions sent to incorrect addresses cannot be reversed.

Conclusion

Transferring Bitcoin from Binance to Revolut is a manageable process if you follow these steps carefully. Always ensure that you are using the correct wallet address and consider the transaction fees and network confirmation times. By staying vigilant, you can successfully manage your Bitcoin holdings across different platforms with ease.