El Dorado announced the cessation of its operations in Venezuela as of June 5, 2025 and you have wondered how you can withdraw your cryptos from El Dorado, until when do you have a chance, I will explain everything to you in this article step by step.

It is crucial that Venezuelan users take the necessary steps to manage their accounts and withdraw their funds safely before the deadline of June 20, 2025 for USDT withdrawals via Tron or Arbitrum to external wallets.

Withdrawal Request After the Deadline

If you are after the established deadline (JUNE 20, 2025), you can still request the withdrawal of your funds.

You will need to contact the support team directly from the El Dorado application. And they should process your refund manually and send it to an external wallet on the Arbitrum or TRON network, depending on your preference.

This guide will provide you with a detailed step-by-step guide to transfer your cryptocurrencies from El Dorado to Binance.

According to the official statement from El Dorado, as of June 5, 2025, Venezuelan residents will not be able to open new accounts, use the P2P market, deposit USDT from other wallets, or deposit funds in "El Dorado".

However, El Dorado Pay functions and USDT withdrawals via the Tron or Arbitrum networks to external wallets will remain available until June 20, 2025. It is vital to act promptly to secure your assets, then

Step by Step to Withdraw Cryptocurrencies from El Dorado to Binance

The process of withdrawing cryptocurrencies from El Dorado to an external platform like Binance is similar both from the mobile application and from the web version.

Make sure you have a verified Binance account before starting this process to obtain your deposit address.

  1. Obtain the deposit address in Binance from the application:

Go to the "Assets" section

After logging in, this would be the beginning from your Binance application, in the upper left part you can see Deposit you can go directly there or in the lower right part you can see the assets section (Formerly Wallets
By clicking on the assets section (or formerly Wallets) you can see the summaries of each wallet in your account, at the top you will see deposit where you must click to proceed to do the next steps.
Next step is to select the token or currency that you want to deposit on the platform, you can do it manually or using the search engine at the top, in this case we select the Stablecoin USDT.

  • Select "Deposit" and choose the method you want to transfer in this case (Deposit in the Chain).

    We reached the next step, select the deposit method, in your case you must select Deposit in the Chain, formerly called (On Chain) this method allows you to make deposits from any external wallet using the blockchain, the second option is to receive funds from another Binance account using the Binance Pay payment method, and the third is P2P Trading where you can buy and sell your Cryptocurrencies.

  • Select the cryptocurrency network (for example, TRC20 for Tron or Arbitrum One for Arbitrum). Make sure this network matches the one you will use in El Dorado to avoid losing funds.

    Choosing the deposit network is an important step, you must be attentive and careful that in this step a minimum carelessness you can make a mistake and lose your money, the deposit network must match the withdrawal network, always verify that both match, here we use the Tron Network since it is the main Network through which it moves
    This is another example, but you can only send arbitrum (

  • Copy the deposit address generated by Binance.

    After having carried out all the previous steps, a QR should be generated, it must indicate the Network through which your money will move for the deposit and then the deposit address (this last one is a set of letters and numbers which you are going to paste in the corresponding box of the other platform, you can do it by scanning the QR or manually placing the address. remember if you have any questions ask first before making any transaction.

    1. Start the withdrawal from El Dorado:

From the El Dorado mobile application:

  • On the application's home screen, press "Send"

    When logging in you can see the beginning and in the upper central part you can see and press the Send button.
    Then in this image we can see that we are still in send, we select the External wallet option.

  • Select the network from which you want to send your assets.

    We can see that we have two different types of networks, TRX of tron and Arbitrum One Arbitrum network, if in Binance you selected TRX you must select it here as well, otherwise if in Binance you selected Arbitrum you must select it here, Be careful with this because if you invert the network you can lose your assets forever.

  • Indicate the amount you want to withdraw. Keep in mind that the amount cannot be less than the established minimum or the withdrawal fee, which vary depending on the currency and the transfer network.

    Next step is to place the address you chose to deposit in Binance here, and then give it send and it will send you to different steps such as placing the amount to send remember to always have for the commission expenses, and then always read the instructions or ask before performing any step.

Press "Send".

After having carried out the previous steps, the message inside the circle should appear, indicating that your transfer is in progress and can be completed in several minutes.
Then again it announces that your transfer has been successful and that it may take a few minutes to be reflected in your account, success I hope you liked the step by step ;)

From the web version of El Dorado:

  • In the left navigation menu, click on "Withdraw".

  • Select the cryptocurrency you want to withdraw.

  • Choose the payment network (TRC20 for Tron or Arbitrum One for Arbitrum). It is crucial that this network is the same as the one you selected in Binance.

  • Enter the amount to withdraw. Make sure the amount is not less than the minimum and consider the network withdrawal fee.

  • In the "Destination Account" field, select the address to which you want to withdraw. If you have not yet added the Binance address, do so.

  • Click on "Confirm Withdrawal".

  • Confirm the withdrawal from your secure device (two-factor authentication if enabled).

  1. Verification and follow-up:

  • Once the process in El Dorado is complete, the withdrawal will have been requested.

  • You can track the status of your withdrawal in the "Withdrawal History" which is located on the right side of your screen (web version) or in the corresponding section of the application.

  • Withdrawals are processed automatically, and the delay will depend on the network and its level of saturation.

⚠️ Remember to have to pay the shipping fees, and be careful with the network selection, you can do a small test with a minimum amount before making any transaction to make sure it arrives correctly, and also remember to investigate about the network through which it suits you to withdraw, either for speed or for less commissions ⚠️

If you have any questions, let me know in the comments, if you liked it give it a like and share so that other people can also make their withdrawals without problems, also don't forget to follow me so that you have more information about cryptocurrencies and much more 😉

#Eldorado #Binance #venezuela #USDT #retirarfondos

$TRX $ARB $USDT

Disclaimer

This article is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency transactions carry significant risks, including the total loss of capital. It is the user's responsibility to thoroughly research and understand the associated risks before making any transaction. We are not responsible for any loss or damage that may arise from the use of the information contained in this article.