Hi Steemit
I have just transferred some EOS coins to Binance using Simpleos wallet. I was so worried and protective of my EOS coins and decided to wait few months for more people to try the wallets , and finally i decided to use Simpleos wallet. It was easier than i thought. It's probably quite late to write this, but hopefully useful for my followers who have not tried it yet
follow the steps and enter your private key and setup a password for the wallet, and then you need to agree to the terms and conditions, and then you will see your EOS balance that you have registered before the mainnet launch.
Most of your coins would be staked and only a few available to be transferred, similar to Steem Power which can be unstaked and be available in a few days time.
The deposit address looks more like a username, another similarity to steemit. And you will notice a note from Binance
The reason you need a memo is because all the EOS on Binance are deposited to the same address under that same username, therefore a memo is needed to identify that EOS belongs to which Binance customer
