How to move crypto holdings from one exchange to another
Move holdings from one exchange to another by withdrawing to the new exchange's deposit address, after you confirm the exact coin and network.
Vahe HakobyanEditor-in-chief
Updated Oct 6, 20263 min readFact-checked
On this page
- Confirm both exchanges support the coin and network.
- Send a small test amount and wait for it to arrive.
- A confirmed withdrawal cannot be canceled or reversed.
- Do not share codes or seed phrases during the move.
Your transfer runs on the coin's own network, not an internal ledger, and the new exchange credits you once it confirms the deposit.
What should I check before starting?
Not every exchange supports the same withdrawal network for a coin, and some brokerages let customers buy crypto but not move it out. Compare both exchanges' pages before you send.
How do I move holdings step by step?
A move is one withdrawal and one deposit. Every check belongs before the confirmation, because a confirmed withdrawal is final.
- 1Open the deposit pageSign in to the new exchange and open the deposit page for that coin.
- 2Pick the matching networkPick the network both exchanges support. If they differ, stop.
- 3Copy the deposit detailsPaste the address and any memo into the form, then compare it with the deposit page.
- 4Start the withdrawalEnter the amount on the old exchange and check the address once more.
- 5Send a test amountWithdraw a small amount first and wait for it to be credited.
- 6Send the restWithdraw the rest once the test deposit appears.
What should I do after the transfer?
Save the transaction ID, date, amount, and network for each withdrawal. The IRS treats crypto as property, so keep these records for tax time.
Frequently asked questions
The new exchange credits you only after the network confirms the deposit. Check the transaction ID on a block explorer and the deposit history.
A deposit on an unsupported network usually cannot be credited, and a missing memo can leave it unmatched. Contact both exchanges with the transaction ID.
A transfer between accounts you own is not a sale. You generally owe tax on gains when you sell crypto for dollars or trade it for another crypto.
No. Once the network confirms it, the withdrawal is final and you cannot reverse it. Only the receiving exchange can act on a deposit it cannot match.
