How to transfer Ethereum to others? Ethereum transfer tutorial for newbies

Cryptocurrency transfers are a common transaction method in the currency circle. As the second largest cryptocurrency by market value, Ethereum has a very large number of transactions and is also regarded as an intermediate currency because of its relatively stable price. Many people choose to transfer Ethereum to others as an investment or trade in order to participate in projects in the Ethereum ecosystem or trade other assets. But there are still many newbies who don’t know how to transfer Ethereum to others? In fact, it is very simple and can basically be completed on the trading platform, but you need to pay attention to the correctness of the transfer address. The editor below will tell you in detail.

How to transfer Ethereum to others?

It is relatively simple to transfer Ethereum to others. The main thing is to make sure the transfer address is correct. Once the address is wrong, it is difficult to recover it. The following is a specific tutorial for Ethereum transfer:

1. Open the Ethereum Exchange (click here to register), click [Asset Management] on the homepage and select [Withdrawal] to enter the withdrawal page

2. Select on the withdrawal page Currency [ETH], choose the withdrawal method [On-chain withdrawal] and click Next

3. Enter the withdrawal address in step 5 in the withdrawal details and withdrawal address, select TRC20 as the withdrawal network, enter the amount and click Next ( Note that the withdrawal network and the recharge network need to be consistent, otherwise it may cause asset loss)

4. Open Binance Exchange, click [Wallet] - [Spot Account] - [Recharge] on the homepage

5. Currency selection [ETH] - select TRC20 for the transfer network, copy the address to the withdrawal address on the Ethereum transaction page in step 3

How long will it take before the Ethereum transfer fee is not enough and it will be automatically canceled?

Ether When the handling fee for the transfer is not high enough, the transaction may be automatically canceled because it cannot be confirmed by the blockchain network. On the Ethereum network, each transaction requires a certain Gas fee. The amount of Gas fee depends on the complexity of the transaction and the degree of network congestion.

If your transaction fee is not enough to meet the minimum requirements of the current network, the transaction may be rejected by the network or remain pending for a long time until it is confirmed by the miner or canceled. In general, the processing time of Ethereum transactions depends on the setting of gas fees and network congestion. If your transaction is canceled or has not been processed for a long time, you can consider the following 4 points:

1. Increase the Gas fee: By increasing the Gas fee of the transaction, you can increase the priority of the transaction being packaged by the miners and speed up the confirmation of the transaction.

2. Resend the transaction: If the transaction is canceled or fails, you can try to resend the transaction and ensure that the appropriate Gas fee is set.

3. Wait for network congestion to ease: Sometimes the Ethereum network is at its peak, resulting in longer transaction processing times. You can wait until network congestion eases before trying to send a transaction.

4. Use acceleration services: Some cryptocurrency trading platforms or services provide transaction acceleration services, which can help speed up the confirmation of transactions.

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