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What is the destination of the funds after selling BTC on Binance?

avatarSabura AslinaNov 24, 2021 · 3 years ago3 answers

After selling BTC on Binance, where do the funds go?

What is the destination of the funds after selling BTC on Binance?
Cryptocurrency
Binance
Funds

3 answers

  • avatarNov 24, 2021 · 3 years ago
    When you sell BTC on Binance, the funds will be deposited into your Binance account. You can then choose to withdraw the funds to your personal wallet or keep them on the exchange for future trading. It's important to note that keeping funds on an exchange carries some risks, so it's recommended to store your funds in a secure wallet if you're not actively trading.
  • avatarNov 24, 2021 · 3 years ago
    After selling BTC on Binance, the funds will be credited to your Binance account balance. From there, you have the option to withdraw the funds to an external wallet or use them for trading other cryptocurrencies on the Binance platform. Binance provides a seamless and secure withdrawal process, allowing you to transfer your funds to a wallet of your choice.
  • avatarNov 24, 2021 · 3 years ago
    After selling BTC on Binance, the funds will be transferred to your Binance account. From there, you can decide what to do with the funds. If you're using BYDFi, a digital currency exchange, you can easily transfer the funds to your BYDFi account for further trading or withdrawal. BYDFi offers a user-friendly interface and a wide range of trading options, making it a popular choice among cryptocurrency enthusiasts.

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