How to Store BNB Coins Off Binance and into MyEtherWallet

1. Go to MyEtherWallet.com

If you have a wallet on MEW already, scroll down to #2

• If you’ve never setup a wallet before on it, it’s easy. Go to the website and the first page it shows you is what you need to create a wallet. All you do is enter a password (REMEMBER TO SAVE THIS PASSWORD) and then click “Create New Wallet.”
• Then, click “Download your Keystore File” so that you could have that as a backup. Then click “I understand.” (You understand that if you lose this info you’re fucked and there’s nobody that can retrieve your money/passwords/privatekeys.)
• Then it will show your private key. Copy/paste this private key (and the password you used) into a plain text doc (use notepad.exe, keep it simple) for your own documentation.
  • If you use your keystore file to unlock your wallet on MEW, you need your password to unlock it. If you input your private key, that’s all you need.
  • Security: I recommend you put a copy of the keystore file on both your hard drive and a thumb drive so you have multiple locations. You could also save it to  dropbox/gdrive but I don’t trust them. I also save the password on a text document and zip the whole folder up and protect it with a password. Make it a habit to always use a different password that is unique from any other password.   I use LastPass as my password manager to generate strong passwords and save my passwords.
  • It’s recommend you physically print or write down the private key as an extra measure and keep that in a fire-proof-safe in a fire-safe pouch in your house. (Or a safe deposit box in the bank but eww, banks). I do this procedure for ALL my crypto wallets.

2) Unlock your wallet using your credentials you have saved. You can use your keystore file AND password to unlock it OR just your private key.

3) Click Add Custom Token

4) Enter the following information:

• BNB Contract Address: 0xb8c77482e45f1f44de1745f52c74426c631bdd52
• Token Symbol: BNB
• Token Decimals: 18
• Click Save

5) Now you’re setup to send BNB from Binance to MEW by going to Binance.com -> Funds -> Withdrawal/Deposits -> Click Withdrawal next to BNB (first line, last button).

6. Enter your MEW account address and for the “Label” put a name you want to give it such as “MEW.” (The label has nothing to do with sending it, the label is just a name you give it so Binance saves the address for future withdrawals under that label/name.)

7) Click Submit, enter your 2FA and finally, confirm your withdrawal request by checking your e-mail.

8) Then if you click on Funds -> History and you could see the status under withdrawal history.

After 10-15 minutes, the transaction will be completed and show a TxID which you could copy/paste into EtherScan.io to see the details of the transaction on the blockchain.

After you send BNB from Binance into MEW, doing it the other way around is easier but you need Ethereum in your wallet to power the transaction.

• If you have BNB but not ETH, go to the BNB/ETH pair on Binance. Sell some BNB (2 BNB is enough as of this publication where 1 BNB is $2.50) and it will become ETH. Then, send that ETH from Binance to MEW the same way as you sent BNB to it before. The transaction should take only 5-10 minutes to complete if the Ethereum network is not bogged down. Now you will have the gas to send BNB back to Binance.

1) Go to MyEtherWallet and click “Send Ether & Tokens” and input your keystore file and password or private key to decrypt your wallet.

2) Go to Binance.com -> Funds -> Deposits & Withdrawals -> Click Deposit next to BNB and then click “Copy Address.”

3) Go back to MyEtherWallet and paste this address in the “To Address.” Enter the Amount and choose BNB.

4) Click “Generate Transaction” and then “Send Transaction” and then “Yes, I am Sure! Make transaction.” (After you double check everything.)

Et Voila! In 10 minutes you should receive the BNB on Binance.