Transfer BNB from to Binance to Celsius

Transferring BNB to Celsius using BEP20 (Binance Smart Chain) from Binance did work for me but it was scary (I even raised a helpdesk ticket beforehand) due to the risks of getting my BNB lost in transit.

The exact steps to transfer BNB from to Binance to Celsius are:-

  1. Goto and deposit BNB (Generate a new deposit address since this is your first time and copy the address and memo ID. Ensure you have the memo ID pasted too)
  2. Goto Dashboard and send your BNB
  3. Paste the address from and confirm (Wait for around 10 minutes for the network confirmation)
  4. Do your 2FA in if you have not via either Google Authenticator or mobile.
  5. Goto Celsius and select Transfer and choose BNB (Copy the address starting with 0x)
  6. Goto and withdraw BNB with the Celsius address
  7. It will default to BEP20 (BSC) with the warning that it is not widely supported. (Celsius does support native blockchain, i.e. BEP20, recently).

The reason I started this journey was a Celsius promo code that work even with existing user. A pro tip to find Celsius promo codes through Celsius's own promotion rules site. The Celsius promo code BNB40 gives $40 in BNB with $400 deposit and was the only one that works with existing user.

As I am a Singaporean, I bought my BNB from Binance.SG since I can just transfer SGD from my local bank to Binance.SG. I did my verification beforehand and the transfer from my local bank to using xfers. 

The first problem was don't allow transferring BNB to Celsius. Therefore, I had to encounter 2 fees (from and then from

The main worries or red flag on the transfer from were 

  1. I recalled many Celsius users who lost their coins or require Celsius help when they sent their coins wrongly (i.e. without memo)
  2. saying incorrect address when I first copied Celsius address into
  3. Some old Reddit posts with users saying Celsius does not support the Binance chain
  4. Celsius FAQ only says it does not support BEP2, but nothing about BEP20.

In the end, these worries were unfounded as

  1. I did find more recent Reddit post saying BEP20 (BSC) is supported; and
  2. an online post that your token is still available (just probably need the private key from Celsius to help retrieve it) if it was in the wrong chain (i.e. ERC20 instead of BSC20).

Therefore, I felt confident to go ahead without an answer from Celsius and press withdraw. Luckily, it was in and I got my promo bonus, pending 30 days. I hope this guide is useful for other Singaporean crypto users.


Sky Hoon. Read Full Bio
Website Owner, Twitter-er
He has been trading since 2008. He started this blog to share the journey about option trading. He dabbled in stocks, bitcoin, ethereum (in Celsius Network), ETF (lazy Dollar Cost Averaging) and also built websites for fun. He used this as a platform to share my experiences and mistakes in trading, especially options which I just picked up.

Related Posts

Why NFTs are worthless and I still buy 815k of them
Coinbase's Fred Ehrsam warned that 90% of NFTs will have little to no value in 3 to 5 years. Gary Vee also said that ...
Read More Scams and Crypto Dusting
I received some in my Coinbase Wallet and wondered what were those. I then realized this scam was repeated usi...
Read More
Fixing Replacement Transaction Underpriced
I encountered a replacement transaction underpriced error when I tried to cancel my transaction in Coinbase Wallet. H...
Read More
How NFT Started From 2015
While the NFTs boom started in 2021 with $2.5 billion sales in the first half of 2021, NFT was started much earlier i...
Read More
OpenSea vs Foundation NFTs Marketplace
Selling arts is a trend and way of living in 2021 but you need to choose the right marketplace. The 2 biggest NFT mar...
Read More
Is NFT a Pyramid Scheme And Bad?
As I spent over USD 400,000 in NFT in August 2021, I did more research on why NFTs can be potentially bad, one of it ...
Read More
Why Invest In Yourself (What I Learnt)
My best paper investment is riding through cryptocurrency, going from 5-figures in Jan 2020 to 7-figures now. It isn'...
Read More
Buying Bitcoin on Interactive Brokers
Big listed companies like MicroStrategy, Twitter,  and Tesla openly buy Bitcoin, which has an estimated market cap of...
Read More