How to Transfer USDT from Binance to Another Wallet: Send Crypto From Binance To External Wallet

Learn how to transfer USDT from Binance to another wallet. Step-by-step guide on sending crypto from Binance to external wallets.

Tether (USDT) is one of the most commonly used stablecoins due to its stable value pegged to the US dollar. This makes it an essential asset for crypto traders, investors, and individuals looking to transfer value between exchanges or wallets.

Binance, one of the largest cryptocurrency exchanges globally, offers an easy and efficient way to transfer USDT to other wallets. Whether you’re transferring to another wallet for safekeeping or sending it to someone, this guide will walk you through every step, from buying USDT to making sure your transfer is secure.

What is a Binance Wallet? Understanding USDT Storage Before Transfers

Before transferring USDT, it’s crucial to understand the different wallet options available on Binance. The Binance platform uses multiple types of wallets that store your cryptocurrencies, and knowing where your USDT resides is the first step toward transferring it.

Spot Wallet: This is your main trading wallet where USDT and other cryptocurrencies are stored by default. It’s the most commonly used wallet for regular transfers and trades.
Funding Wallet: Used for P2P trading and Binance Pay. Funds here are usually intended for direct payments or P2P transactions.
Other Wallets: Binance offers specialized wallets for Margin, Futures, and Earn products. If you have USDT in any of these wallets, you will need to transfer it to your Spot Wallet before initiating an external transfer.

Before initiating a transfer, it’s crucial to check your wallet balance in the Spot Wallet. Only USDT in your Spot Wallet can be transferred out to another address. To make sure you have enough funds for the transfer, visit your Spot Wallet and verify your balance. If you’re using Binance’s wallet solution, you can find more information on managing your wallet through Binance Wallet.

How to Buy USDT on Binance with Fiat (RMB or Other Currencies)

To transfer USDT from Binance, the first step is buying USDT. You can purchase USDT with fiat money like RMB, USD, or EUR through various payment methods. Here’s a detailed breakdown of how to buy USDT on Binance:

Steps to Buy USDT on Binance:

Log in to Binance: Open the Binance app or website and log in to your account. If you don’t have an account, you can easily register for one.
Deposit Fiat (RMB or Other Currency): Go to the “Wallet” section and click on “Deposit.” Select the fiat currency (RMB, USD, EUR, etc.) you want to deposit. Binance supports several payment options, including bank transfers, Alipay, and WeChat Pay.
Choose Deposit Method: After selecting the fiat currency, choose the appropriate deposit method, then follow the on-screen instructions to complete the payment.
Purchase USDT: Once your fiat is deposited, go to the “Markets” tab. Search for the USDT/RMB trading pair or any other fiat-to-USDT pair. You can place a Market Order to buy USDT at the current price or a Limit Order to set a target price. A market order is faster, while a limit order gives you more control over the price.
Confirm and Complete Purchase: Review the details and confirm your order. Your USDT will be credited to your Spot Wallet, and you can proceed to transfer it.

How Do I Transfer Tether (USDT) to Binance?

Transferring USDT to Binance from an external wallet is a straightforward process. Here’s how you can do it:

Steps to Deposit USDT into Binance:

Go to Wallet > Deposit: On the Binance homepage, click on Wallet and select Deposit.
Select USDT: In the deposit section, choose USDT as the cryptocurrency you want to deposit.
Choose Network: Select the blockchain network that matches the one from which you are sending USDT (e.g., ERC20, TRC20, BEP20).
Copy Deposit Address: Binance will provide you with a deposit address. Copy this address.
Transfer from External Wallet: Open your external wallet (e.g., MetaMask, Trust Wallet) and paste the copied Binance deposit address into the “send” section of your wallet. Specify the amount and confirm the transaction.

Once completed, the USDT will be credited to your Binance Spot Wallet.

How to Send USDT from Binance to Another Wallet (MetaMask, Trust Wallet, etc.)

When you’re sending USDT to a wallet outside of Binance, such as a MetaMask or Trust Wallet, you’ll need to interact with the blockchain. This means you’ll need to choose the correct blockchain network and be aware of transaction fees.

MetaMask Setup and Transfer: If you’re transferring USDT to a MetaMask wallet, first ensure your MetaMask wallet is set up properly. You can find the official setup guide on MetaMask’s website. How to set up MetaMask.

Trust Wallet Setup and Transfer: Similarly, if you’re using Trust Wallet, you need to ensure it’s ready to receive USDT. Check out Trust Wallet’s setup guide for more details: How to set up Trust Wallet.

Choosing the Right Network for Transfer

Binance supports multiple blockchain networks for transferring USDT, including:

ERC20 (Ethereum): Supported by most wallets but comes with higher transaction fees and slower speeds.
TRC20 (Tron): A low-fee and fast transaction network, ideal for transferring small amounts of USDT.
BEP20 (Binance Smart Chain): Low-cost and efficient for transfers within the Binance ecosystem.
Polygon, Solana, and Others: Supported by some wallets and exchanges; often used for more specialized transactions.

Steps to Transfer USDT to an External Wallet:

Go to Your Spot Wallet: Click “Withdraw” from the wallet section of the Binance app or website.
Select USDT: Choose USDT from the list of cryptocurrencies.
Enter the External Wallet Address: Copy the address from your external wallet (e.g., MetaMask, Trust Wallet) and paste it into Binance.
Select the Blockchain Network: Ensure you choose the correct blockchain that matches your external wallet (e.g., TRC20 for TRON or ERC20 for Ethereum).
Enter the Amount: Specify the amount of USDT you wish to send.
Review Fees: Always check the estimated transaction fees on the withdrawal screen. Depending on the network, these fees can vary.
Confirm with 2FA and Email Code: Binance will ask for verification via 2FA (two-factor authentication) and an email code. Once you complete these steps, the transaction will be processed.

Binance USDT Transfer Fee: What You Need to Know

One of the most important factors to consider when transferring USDT from Binance is the network fee. The withdrawal fee depends on which blockchain network you choose for your transfer. Here’s a breakdown of the average withdrawal fees:

Network	Fee Type	Typical Fee
TRC20 (Tron)	USDT-TRC20	1 USDT
BEP20 (BSC)	USDT-BEP20	0.30 USDT
ERC20 (ETH)	USDT-ERC20	5-10+ USDT
Polygon	USDT-Polygon	0.20 USDT
Solana	USDT-SPL	~0.01 SOL

You can find more detailed information about specific fees for various cryptocurrencies, including USDT, by visiting Binance’s Crypto Withdrawal Fee Page.

How to Minimize Fees:

Use TRC20: If your external wallet supports the TRC20 network, it’s the cheapest option for transferring USDT.
Avoid Ethereum: Ethereum (ERC20) is one of the most expensive networks, especially for small transfers.
Consider BSC or Polygon: If you are transferring a moderate amount, BEP20 (Binance Smart Chain) or Polygon networks offer a good balance of speed and fees.

Binance USDT Conversion: Converting Other Cryptos to USDT

If you’re holding another cryptocurrency like BTC, ETH, or XRP, you may need to convert it to USDT before sending it. Binance offers an easy-to-use feature to swap assets without incurring high trading fees.

Steps to Convert Other Cryptos to USDT:

Go to the “Trade” section and select “Convert.”
Choose the crypto you wish to convert to USDT.
Enter the amount you wish to convert.
Confirm the transaction. The USDT will be deposited into your Spot Wallet.

This is a quick and efficient way to prepare your funds for transfer, especially when you need USDT for cross-platform trading or withdrawals.

To stay updated on the latest USDT prices, check out the current rates on Binance’s Tether Price Page.

How to Send Money from Binance to Another Wallet Safely

When transferring money, it’s important to prioritize security. Here are some best practices to ensure your transfer is safe:

Double-check the wallet address before sending funds.
Enable 2FA on your Binance account to add an extra layer of protection.
Use a cold wallet (hardware wallet) if you are transferring large amounts of USDT for long-term storage.

How to Send USDT to Someone on Binance

If you want to send USDT to someone else on Binance, it’s very simple. Binance allows free internal transfers between users. Here’s how you can send USDT to someone on Binance:

Go to the Wallet Section: On the Binance homepage, click on Wallet and choose Withdraw.
Select USDT: Choose USDT from the list of cryptocurrencies.
Enter the Recipient’s Binance ID: Instead of using a long wallet address, you can enter the recipient’s Binance ID, email address, or phone number.
Enter the Amount: Specify the amount of USDT you wish to send.
Confirm and Verify: Complete the 2FA and email verification steps to confirm the transfer.

Once verified, the USDT will be transferred instantly to the recipient’s Binance account.

FAQ

Can I cancel a USDT transfer on Binance?
Once a transfer is broadcasted to the blockchain, it cannot be canceled.

What is the fastest way to transfer USDT from Binance?
Using the TRC20 network is typically the fastest method for low-fee transfers.

Is it safe to send USDT from Binance to external wallets?
Yes, as long as you double-check the address and use supported networks.

Final Thoughts: Mastering USDT Transfers on Binance

Transferring USDT from Binance to another wallet can be a straightforward process if you follow the right steps. Whether you’re sending funds to another user, exchanging assets, or securing them in a personal wallet, make sure to choose the correct network, check the address, and keep security a priority. With this knowledge, you can now confidently manage your Tether (USDT) transfers.

Visit Our Post Page: Blog Page