MaiCoin ETH Withdrawal Guide: Transfer Ethereum to Binance Wallet

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This guide explains how to withdraw ETH (Ethereum) from MaiCoin and deposit it into your Binance wallet.

Key Considerations Before Withdrawing ETH

  1. Wallet Address & Blockchain Network:

    • Always verify the recipient wallet address and supported blockchain network before transferring.
    • Transfers on incompatible networks (e.g., sending ETH via BEP20 to an ERC20 wallet) will result in permanent loss.
  2. Supported Networks for ETH on Binance:
    | Network | Description |
    |--------------|-----------------------------------------------------------------------------|
    | ERC20 | Ethereum’s native network; default for ETH transfers from MaiCoin. |
    | BEP20 | Binance Smart Chain network; lower fees but incompatible with MaiCoin. |
    | Arbitrum One | Layer-2 Ethereum scaling solution; not supported by MaiCoin. |

  3. Transaction Fees & Processing Time:

    • ERC20 transfers typically incur higher gas fees but offer broader compatibility.
    • Confirmations may take 1–30 minutes depending on network congestion.

Step-by-Step Guide to Transfer ETH from MaiCoin to Binance

Step 1: Obtain Your Binance ETH Deposit Address

  1. Log in to your Binance account.
  2. Navigate to Wallet > Spot Wallet.
  3. Search for ETH and click Deposit.
  4. Select ERC20 as the network.
  5. Copy the generated wallet address.

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Step 2: Withdraw ETH from MaiCoin

  1. Log in to MaiCoin.
  2. Go to Wallet, locate ETH, and click Send.

  3. Add a new recipient:

    • Name: Label the transaction (e.g., "Binance ETH").
    • Address: Paste the Binance ERC20 address.
  4. Enter the transfer amount (use Max for full balance).
  5. Confirm details and complete SMS verification.

Step 3: Verify Deposit on Binance

FAQ Section

Q1: Why can’t I select BEP20/BEP2 on MaiCoin?

MaiCoin only supports ERC20 for ETH withdrawals. Always match the recipient’s network.

Q2: How long does an ETH transfer take?

ERC20 transfers usually complete within 30 minutes, but delays occur during peak congestion.

Q3: What if I sent ETH to the wrong network?

Contact Binance/MaiCoin support immediately—recovery is rare and may require fees.

Summary

  1. Use ERC20 for ETH transfers between MaiCoin and Binance.
  2. Double-check wallet addresses and networks.
  3. Monitor transactions via Binance’s Wallet History.

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Related Resources

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