How to withdraw DOGS from Binance

How to withdraw DOGS from Binance: a step-by-step guide

Binance Review

Open an account

Your capital is at risk.

Currently, the DOGS token faces resistance at the $0.001500-$0.002000 range. This means that breaking through this level could pave the way for a potential upward trend. On the downside, there is support at the $0.001000-$0.000800 range, indicating that if the price drops, it may find some stability before falling further.

Here's a clear and up-to-date step-by-step guide on how to withdraw DOGS from Binance, based on official information:

Step 1: Log in to your Binance account

First, log into your Binance account using your credentials. Make sure you have Two-Factor Authentication (2FA) enabled for added security.

How to withdraw DOGs from Binance

Step 2: Converting DOGS to your desired currency (BNB, BUSD, TRY, or USDT)

1. Navigate to the Spot trading section

After logging in, go to the "Trade" section at the top of the page and select "Spot." This will take you to the spot trading interface.

2. Select the trading pair

In the search bar on the right side of the screen, type "DOGS" and select the appropriate trading pair depending on the currency you want to convert to:

• DOGS/BNB for Binance Coin (BNB)

• DOGS/BUSD for Binance USD (BUSD)

• DOGS/TRY for Turkish Lira (TRY)

• DOGS/USDT for Tether (USDT)

How to withdraw DOGs from Binance

3. Execute the trade

   • Market order: If you want to convert DOGS quickly at the current market price, select "Market" under the order types and enter the amount of DOGS you wish to convert. Click "Sell DOGS" to complete the transaction.

   • Limit order: If you prefer to convert DOGS at a specific price, select "Limit," set your desired price, and enter the amount. The trade will execute once the market reaches your specified price.

4. Confirm the transaction

After the trade is executed, your DOGS will be converted into BNB, BUSD, TRY, or USDT. You can confirm the transaction by checking your balance in the "Wallet" section under "Overview."

Step 3: Withdrawing your converted currency from Binance

1. Go to the withdrawal page

Navigate to the "Wallet" section and click on "Withdraw." On the withdrawal page, select the currency you have converted to (BNB, BUSD, TRY, or USDT) from the list of available options.

How to withdraw DOGs from Binance

In the "Overview" section, click on "Withdraw." You’ll be directed to a new page where you need to select the cryptocurrency you wish to withdraw. Choose "DOGS" from the list of available cryptocurrencies.

How to withdraw DOGs from Binance

2. Choose the correct network

After selecting DOGS, you will be prompted to choose the network. Binance offers multiple networks. Make sure to choose the network that is compatible with the receiving wallet. If you choose the wrong network, your crypto could be permanently lost.

3. Enter the recipient address and amount

Input the wallet address where you want to send your funds. Double-check the address to avoid errors. Enter the amount you wish to withdraw in BNB, BUSD, TRY, or USDT.

4. Complete security verification

Binance will require you to go through security verification steps, such as entering a code from your 2FA app and confirming the transaction via email.

5. Confirm the withdrawal

Review all the details carefully before confirming the withdrawal. Once confirmed, Binance will process the transaction, which might take a few minutes to an hour, depending on the network.

6. Monitor the transaction status

After confirming the withdrawal, you can monitor the status through the "Transaction History" in the "Wallet" section. This allows you to see when the transaction is completed and the funds have been successfully transferred to your external wallet.

Also, after converting Dogs to USDT, you can withdraw it via P2P to Binance. We talk about this in the article P2P Binance: usage and earning guideline.

Withdrawal of cryptocurrency via P2P

Understanding the fees for DOGS withdrawals

Binance charges network fees for DOGS withdrawals, which vary based on the network selected. Traders should review the fee structure before withdrawing to ensure they are not caught off guard by high costs.

Common mistakes to avoid

• Using the wrong network for withdrawals
  Selecting an incompatible network can result in the loss of your DOGS. Always confirm that the receiving wallet supports the network you choose.

• Ignoring the importance of security verifications
  Skipping security steps can open the door to unauthorized access. Always complete the 2FA and email confirmations to protect your assets.

• Withdrawing small amounts without considering fees
  For small withdrawals, network fees can significantly reduce the amount received. Calculate the impact of fees before proceeding with small withdrawals.

Risks and warnings when withdrawing DOGS

• Potential issues with incorrect network selection
  Selecting the wrong network is one of the most common mistakes made during cryptocurrency withdrawals. In 2023 alone, there were over 10,000 reported cases of lost funds due to incorrect network selection, a trend that continues into 2024.

• Security concerns and phishing risks
  Phishing attacks remain a significant threat to cryptocurrency users. Scammers often impersonate Binance or other platforms to trick traders into revealing their account credentials. Always ensure that the Binance website URL is correct and avoid clicking on links from unsolicited emails or messages.

• Network congestion and withdrawal delays
  During periods of high network congestion, DOGS withdrawals can take longer than expected. This is particularly true for the Ethereum network, where gas fees can spike, leading to delays. To avoid these issues, traders should monitor network conditions and choose times when traffic is low. In 2024, tools like Etherscan’s Gas Tracker provide real-time data on network activity.

Additional considerations and updates for 2024

• Recent Binance updates impacting DOGS withdrawals
  Binance may have introduced updates that impact DOGS withdrawals, such as changes to transaction processing speeds or new security features. Stay informed by regularly checking Binance’s official announcements.

• Impact of market conditions on DOGS withdrawals
  Market volatility can influence the timing and costs associated with DOGS withdrawals. Traders are advised to monitor market conditions and plan withdrawals during low-volatility periods.

• Legal and regulatory considerations
  In 2024, there may be new legal or regulatory changes affecting DOGS withdrawals. Stay updated on these changes to ensure compliance.

Conclusion

Withdrawing DOGS from Binance isn’t just about clicking a few buttons — it's about understanding the process, avoiding common pitfalls, and protecting your assets. Whether it's choosing the correct network, ensuring every detail is double-checked, or staying updated on the latest changes in fees and transaction speeds, each step requires attention and care. By following the outlined steps and heeding expert advice, traders can navigate the withdrawal process smoothly, avoiding unnecessary losses and ensuring their DOGS safely reaches its destination. In the fast-moving world of crypto, where mistakes can be costly, diligence and a focus on security are the keys to long-term success.