Send Crypto from Gem Wallet
How to Send Crypto from Gem Walletβ
Sending cryptocurrency from Gem Wallet is quick and secure, allowing you to transfer digital assets to an exchange or another wallet. Simply enter the recipient's address, choose the amount, and confirm the transaction. Be sure to check the recipient address, select the correct network, and ensure you have enough balance to cover network fees.
Obtain The Destination Addressβ
For this guide, we will be depositing some SEI tokens on Gem Wallet to Binance.
Open the Binance app or visit the Binance website and log in to your account. Click on "Wallet" and then select "Fiat and Spot". Tap on "Deposit" and then choose the cryptocurrency you want to deposit.
Choose the correct "Network" to deposit your crypto to.
Copy the provided deposit address and memo (if required). This is the address you will send your cryptocurrency to from Gem Wallet.
Always double check if the destination requires a memo or destination tag.
Access Your Gem Walletβ
Launch the Gem Wallet app and navigate to the wallet containing the cryptocurrency you want to send.
Tap on "Send" and then paste the deposit address you copied from Binance into the "Recipient Address" field in Gem Wallet. Do not forget the memo field if it is required.
Send Crypto from Gem Walletβ
Enter the amount of cryptocurrency you wish to send, keeping in mind to allocate enough balance for network fees. Review the transaction details carefully to ensure everything is correct before confirming.
Double check the destination address and confirm if a memo or destination tag is required. Funds might get lost if this information is not accurate.
Tap on "Confirm" to proceed with the transaction.
Wait for the transaction to be processed. Congratulations, you have successfully sent your crypto to Binance using Gem Wallet.
See more guides about Sending Crypto on our Send/Receive section.
Additional Informationβ
Insufficient Balance When Sendingβ
The "Insufficient Balance When Sending" error is a common issue related to transaction fees on blockchain networks. Ensuring you have enough funds to cover both the transfer amount and associated fees, and keeping a small reserve of the required native token for fees, will help you avoid this error and ensure smooth transactions.
Some blockchain networks require specific native tokens to pay transaction fees. Here are some examples:
- Binance Smart Chain (BNB): BNB is required for transaction fees when sending BEP-20 tokens.
- TRON (TRX): TRX is required to pay for transaction fees when sending TRC-20 tokens such as USDT on the TRON network.
- The Open Network (TON): You need TON to cover fees when sending Jettons, the native token standard on the TON blockchain.
Sending To A Domain Name Service (DNS) Nameβ
Gem Wallet fully supports sending cryptocurrency to a Domain Name Service (DNS) Name, making transactions easier by allowing you to send funds to a human-readable address (like gem-wallet.eth) instead of a long wallet address. Ensure the DNS name is correctly linked to the recipientβs wallet address to avoid errors.
Learn more about about Domain Naming Service (DNS) Names.