Cross-platform currency transfer requires transfer of digital assets between different exchanges. The steps include: 1. Obtain the coin recharge address on the receiving platform, 2. Initiate a withdrawal request on the sending platform, 3. Fill in the withdrawal information and confirm, 4. Complete security verification, 5. Wait for network confirmation and platform processing, 6. Confirm the receipt on the receiving platform.

In an active cryptocurrency market, users often need to transfer digital assets between different trading platforms. This "cross-platform currency conversion" operation may be to take advantage of trading opportunities on different platforms, participate in activities on specific platforms, integrate assets, or just to replace commonly used trading environments. For whatever reason, understanding and correctly implementing the cross-platform currency conversion process is crucial to ensuring asset security. This article will introduce in detail the common steps and key precautions for cross-platform currency conversion between currency exchanges.

1. Understand the basic principles of cross-platform currency conversion

The essence of cross-platform currency conversion is to send a certain cryptocurrency (such as Bitcoin BTC, Ethereum ETH, etc.) from the account of one exchange platform (sender) to the corresponding currency account of another exchange platform (receiver). This process utilizes the blockchain network of corresponding cryptocurrencies for value transfer, while the exchange platform serves as an intermediary for users to manage and initiate these on-chain transactions.

Mainstream Bitcoin Exchanges in 2025:

Ouyi official website:

Binance official website:

gate.io official website:

2. Prerequisites for cross-platform currency conversion

Before starting to transfer coins, make sure you have met the following basic conditions:

1. Accounts with both platforms: You need to have an account registered and verified (different levels of identity authentication may be involved according to platform requirements) on both the sending exchange and the receiving exchange.
2. There are enough assets in the sender's account: Ensure that you hold the full amount of cryptocurrency that needs to be transferred in the sender's platform's account and take into account the possible withdrawal fees.
3. Understand the currency and network: Be clear about which cryptocurrency you are transferring and know which blockchain network you should choose to transfer money.

3. The core steps of cross-platform currency conversion (general process)

Although the interface designs of different platforms may vary slightly, the core operation logic is similar, usually including the following steps:

1. Obtain the "coin recharge address" on the receiving platform:

   • Log in to your receiver's exchange account.
   • Find "Assets" or similar account management area.
   • Select functions such as "Coin Recharge", "Deposit" or "Receive".
   • Select the specific currency you want to receive (for example, select ETH).
   • A crucial step: Choose the correct "coin recharge network" or "chain name" (such as ERC20, TRC20, BEP20, Solana, etc.). It is necessary to ensure that this network is exactly the same as the withdrawal network you choose on the sending platform later.
   • The platform will generate the exclusive "coin recharge address" (a string of characters) for this currency under the selected network. For some currencies (such as XRP, EOS, XLM, ATOM, etc.), in addition to the address, a "Memo", "Tag" or "note" may also be provided. This is also necessary information for transfers and must be accurately recorded together.
   • Please be sure to record this coin recharge address and any required Memo/Tag in full and accurate manner.

2. Initiate a "coin withdrawal" request on the sending platform:

   • Log in to your sender exchange account (for example, you may initiate a transfer from industry-leading platforms such as Binance, Ouyi OKX or Sesame Open Door Gate.io).
   • Also find the "Assets" management area.
   • Select functions such as "withdraw", "withdraw" or "Withdraw".
   • Select the same currency you want to send (must be consistent with the currency selected by the recipient).

3. Fill in the withdrawal information and confirm:

   • On the withdrawal page, carefully fill in the following information:

     • Coin withdrawal address: Paste or enter the coin recharge address of the recipient platform you obtained in step 1. Please check the accuracy of the address repeatedly. Any error in a character may cause permanent loss of assets.
     • Coin withdrawal network/chain name: Reconfirm and select the network that is exactly the same as the one you selected on the receiving platform. This is the most prone to errors and the most critical step. Choosing the wrong network will almost inevitably lead to asset losses.
     • Memo/Tag/Note (if required): If the receiving address requires this information, be sure to accurately fill in the corresponding content obtained from the receiving platform. Missing or incorrect filling may also lead to the inability to arrive or loss of assets.
     • Withdrawal Quantity: Enter the amount of cryptocurrency you wish to transfer. Note that the platform may display the actual amount of payment after deducting the handling fee.
   • After checking that all information is filled in is correct, submit a request for withdrawal.

4. Complete security verification:

   • The sender platform usually requires you to perform security verification, which may include entering a transaction password, SMS verification code, email verification code, Google Authenticator code, etc. Complete verification as required.

5. Waiting for network confirmation and platform processing:

   • After the withdrawal request is submitted, the transaction will be broadcast to the corresponding blockchain network waiting for confirmation. The time required depends on the congestion conditions and the characteristics of the selected network.
   • At the same time, the sender and receiver exchange platforms also require internal processing time (audit, accounting, etc.).
   • You can view the status in the withdrawal record of the sending platform, which will usually show "processing", "completed" or provide a transaction ID (TxID) for you to track on the blockchain browser (but be careful not to click unknown links or use unofficial browser tools).

6. Confirm the receipt on the receiving platform:

   • Usually, after the number of network confirmations reaches the platform requirements, the assets will appear in your receiver's exchange account. You can log in to the receiving platform to view asset balance or recharge records.

4. Key precautions and risk warnings for cross-platform currency conversion

• Address accuracy is the lifeline: Cryptocurrency transfers are usually irreversible. Transferring the wrong address means that the asset is likely to never be retrieved. Be sure to fill in the address by copy-paste (and check again) rather than manually entering.
• Network matching is crucial: Again, the networks selected for sending and receiving must be exactly consistent. For example, the same USDT may exist on multiple networks such as ERC20 (Ethereum), TRC20 (Tron), BEP20 (Binance Smart Chain). Withdrawal from the ERC20 address of platform A, you must recharge to the ERC20 address of platform B. Select the wrong network = asset is lost.
• Memo/Tag is indispensable: For currencies that require Memo/Tag, be sure to fill in them accurately. Exchanges often use this method to distinguish different user accounts under the same address. Missing or incorrect filling will cause the platform to be unable to accurately record the assets into your account.
• Understand the handling fee: The sender platform will charge a certain withdrawal fee (usually paid in the withdrawal currency), and the blockchain network itself will also have a network fee (miner fee). The receiving platform usually does not charge a recharge fee, but it is best to confirm it.
• Pay attention to the minimum amount limit: Whether it is withdrawing or recharging coins, the exchange usually sets a minimum amount limit. Ensure that your transfer amount meets the requirements of both platforms.
• Consider the transfer time: The confirmation speeds of different currencies and networks are different, and the processing time of the exchange, the arrival of the account may take several minutes to several hours, and special circumstances may be longer. Please wait.
• Small amount test is recommended: If you are doing cross-platform currency transfers on a certain path for the first time, or the transfer amount is large, it is strongly recommended to conduct a test transfer that is far exceeding the minimum limit but not large. After confirming that the test is successfully received, make a large amount of money transfer, which can minimize the losses caused by operational errors.
• Pay attention to the platform status: Sometimes the exchange may suspend the charging and withdrawal function of a certain currency or a certain network due to maintenance or other reasons. It is best to confirm the open status of the relevant functions of both platforms before transferring.

5. Give examples (abstract scene)

Suppose a user wants to transfer part of his ETH on Platform A (e.g., Binance with numerous users worldwide) to Platform B (e.g., Bitget featuring derivatives and order transactions, or KuCoin, which offers a wide selection of altcoins).

He needs:

1. Log in to Platform B, enter the ETH recharge page, select the appropriate network (such as ERC20), and obtain the corresponding recharge address.
2. Log in to platform A and enter the ETH withdrawal page.
3. On the withdrawal page, accurately fill in the ETH recharge address of Platform B and select the exact same network as before (ERC20). Enter the withdrawal amount.
4. Complete the security verification of Platform A.
5. Waiting for blockchain confirmation and processing by both platforms.
6. Finally, the ETH that was received is viewed in Platform B's account.

(In this process, users also need to pay attention to the possible handling fees and minimum transfer limit requirements of the two platforms.)

Summarize

Cross-platform currency exchanges in currency circles are a routine operation, but they involve asset security and must be treated with caution. The core is: checking currency, checking address, checking network, checking Memo/Tag (if needed). As long as users fully understand the process, operate carefully, and follow security best practices (especially small testing), they can safely and effectively transfer their digital assets between different platforms. Always putting risk awareness first is the basic principle of Changxing currency circle.

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