Binance USDT is a blockchain-based stablecoin pegged 1:1 to the US dollar. If you want to transfer your Binance USDT to another person, follow these straightforward steps.
Prerequisites for Transferring Binance USDT
- Sufficient USDT Balance: Ensure your Binance exchange account holds enough USDT. If not, purchase USDT via bank transfer or other supported methods.
- Registered Binance Account: Log in to your Binance account (or sign up if you don’t have one).
Step-by-Step Transfer Process
1. Access Your Binance Wallet
- Log in to your Binance account.
- Navigate to "Wallet" > "Spot Wallet" to view your USDT balance.
2. Initiate a Withdrawal
- Click on your USDT balance and select "Withdraw."
- You’ll be redirected to the withdrawal page.
3. Enter Transfer Details
- Amount: Specify the USDT quantity to send.
- Recipient’s Wallet Address: Input the destination USDT wallet address (double-check for accuracy).
- Network Selection: Choose the appropriate blockchain network (e.g., ERC-20, TRC-20) matching the recipient’s wallet.
4. Confirm and Submit
- Review all details (amount, address, network fees).
- Click "Submit" and complete any additional security verification (e.g., 2FA, email confirmation).
5. Transaction Processing
- Processing time varies based on network congestion and Binance’s approval speed.
Track the transaction via:
- Binance’s "Transaction History."
- Blockchain explorers (e.g., Etherscan for ERC-20 transfers).
6. Completion
- Once confirmed, the USDT will reflect in the recipient’s wallet.
👉 Learn more about secure crypto transfers
Key Considerations
- Network Fees: These vary by blockchain (e.g., ERC-20 fees are typically higher than TRC-20).
- Address Accuracy: A wrong address may result in permanent loss of funds.
- Regulatory Compliance: Ensure transfers comply with local laws.
FAQ Section
Q1: How long does a Binance USDT transfer take?
- A: Usually 5–30 minutes, but delays can occur during peak network activity.
Q2: Can I cancel a USDT withdrawal after submission?
- A: No. Blockchain transactions are irreversible once broadcasted.
Q3: What’s the minimum USDT withdrawal amount on Binance?
- A: It depends on the network (e.g., 1 USDT for TRC-20, 10 USDT for ERC-20).
Q4: Why was my withdrawal flagged for review?
- A: Binance may manually review large or suspicious transactions for security purposes.
Q5: How do I check the transaction status?
- A: Use the transaction hash (TxID) in a blockchain explorer like Etherscan or Tronscan.
Q6: What if I sent USDT to the wrong network?
- A: Recovery is unlikely unless the recipient controls the mismatched wallet. Always verify networks.