How to Transfer SHIB from Binance to MEXC396

Introduction

Shiba Inu (SHIB) is a decentralized cryptocurrency created in August 2020. It is based on the Ethereum blockchain and is known for its high volatility and speculative nature. MEXC is a cryptocurrency exchange that allows users to buy, sell, and trade a variety of cryptocurrencies, including SHIB. If you want to move your SHIB from Binance to MEXC, this guide will show you how to do it step by step.

Step 1: Create a MEXC Account

If you don't already have a MEXC account, you can create one by visiting the MEXC website. Click on the "Sign Up" button and provide your email address, password, and country of residence. You will also need to agree to the terms of service.

Step 2: Deposit SHIB to Binance

Once you have a MEXC account, you need to deposit SHIB to it. To do this, you can either purchase SHIB on Binance or transfer it from another wallet. If you are purchasing SHIB on Binance, you can do so by clicking on the "Buy Crypto" button and selecting SHIB. You can then choose the payment method you want to use and enter the amount of SHIB you want to buy.

Step 3: Withdraw SHIB from Binance

Once you have SHIB in your Binance account, you need to withdraw it to your MEXC account. To do this, click on the "Wallet" tab in Binance and select "Withdraw". Then, enter the SHIB withdrawal address from your MEXC account and the amount of SHIB you want to transfer. You will also need to select the withdrawal network (ERC20 or BEP20). Note that there is a withdrawal fee associated with withdrawing SHIB from Binance, which will vary depending on the withdrawal network.

Step 4: Deposit SHIB to MEXC

Once you have withdrawn SHIB from Binance, you can deposit it to your MEXC account. To do this, click on the "Assets" tab in MEXC and select "Deposit". Then, enter the SHIB deposit address from your MEXC account and the amount of SHIB you want to deposit. You will also need to select the deposit network (ERC20 or BEP20). Note that there is a deposit fee associated with depositing SHIB to MEXC, which will vary depending on the deposit network.

Step 5: Verify the Transaction

Once you have deposited SHIB to your MEXC account, you need to verify the transaction. To do this, click on the "Transactions" tab in MEXC and select the SHIB deposit transaction. You should see the transaction details, including the amount of SHIB deposited, the transaction hash, and the block height. You can also click on the "Confirm" button to confirm the transaction.

Conclusion

Transferring SHIB from Binance to MEXC is a simple and straightforward process. By following the steps outlined in this guide, you can easily and quickly move your SHIB between these two exchanges.

2025-01-03

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