Transfer Your Cryptocurrencies from Binance to Coinmerce in 6 Steps
Transfer your cryptocurrencies from Binance to Coinmerce. According to the emails Binance sends to its customers, all accounts in Spain will be closed on December 31, 2026. Deposits are already blocked, and starting from November 29, monthly fees will be applied to any remaining balances. Withdrawals remain available until the closure. In this article, we explain how to transfer your cryptocurrencies from Binance to Coinmerce.
Before You Start
Open your Coinmerce account and complete the identity verification. It only takes a few minutes. Set aside some time. A transfer must be confirmed on the blockchain and can take anywhere from a few minutes to several minutes depending on the cryptocurrency. If you are moving a significant amount, first make a small test transfer. Check that the cryptocurrency you want to transfer is available on Coinmerce.
From Binance to Coinmerce in 6 Steps
To make it simple, we have divided it into two parts: what you do on Coinmerce and what you do on Binance.
On Coinmerce
Log in to your Coinmerce account. Go to Wallets, then Deposit cryptocurrencies, and select the currency you want to receive.
Click on Deposit and copy the address. Note: some coins also require a memo or tag. Copy that as well if it appears. Also, note the indicated network; you will need it in step 5.
On Binance
Log in to your Binance account and open Wallet.
Choose Withdraw, then Crypto, and select the currency you want to transfer.
Paste the address you copied from Coinmerce and select the same network that appears on Coinmerce. A different network may result in the loss of your funds.
Enter the amount you want to transfer. Choose the maximum to transfer everything and confirm with your two-step authentication. Repeat these steps for each currency you want to transfer. Check the address and the network each time.
Good to Know
Network Fees. Binance deducts a withdrawal fee, which varies depending on the currency and the network. It is displayed before confirmation. Euros. If you have a balance in euros on Binance, you can withdraw it to your bank account before the closure. Taxes. In principle, transferring between two accounts in your name is not a sale. For your cryptocurrency declaration, consult the Tax Agency or an advisor.
Risks. Crypto assets are volatile, and their value can go up or down. You may lose all or part of your capital.
Frequently Asked Questions
When should I transfer my cryptocurrencies? As soon as possible. Starting from November 29, monthly fees will be applied to any remaining balances, and accounts will be closed on December 31, 2026. Are my funds safe on Binance until the closure? Binance indicates that funds remain accessible and can be withdrawn. We recommend not waiting until the last week. Can I transfer them to a personal wallet instead of Coinmerce? Yes, withdrawals are free. Choose the option you prefer and ensure that the provider is authorized under MiCA. Is Coinmerce authorized? Coinmerce is a licensed crypto asset service provider under MiCAR and supervised by the AFM in the Netherlands.
Need Help?
Our support team is at your disposal. Write to us at [email protected] or start a chat on our website.
This article is not financial advice. Always do your own research before making decisions about your money.
