How to transfer usdt from binance to binance without fees

We now support using Binance Pay to transfer cryptocurrencies between Binance users on the Binance App. You can transfer crypto to other Binance users efficiently without transaction fees via a phone number, email address, or Pay ID from the withdrawal page.

How to transfer crypto to another Binance user via Binance Pay?

When you want to transfer crypto to another Binance user, you ca

n make an internal transfer using their Binance address . If the other party has already completed Identity Verification, you can send crypto to their account via their phone number, email address, or Pay ID.

You can follow the step-by-step tutorial below:

1. Log in to your Binance App and tap [Wallets] [Withdraw]. Select the crypto you want to transfer and tap [Send via Email/Phone/Pay ID].

Please note that you need to enable the Binance Pay service before you can make a transfer via a phone number/email/Pay ID. If you haven’t enabled the service, you will be redirected to Binance Pay to enable it.

2. Select how you want to transfer (via phone number/email/Pay ID) and enter the information accordingly. Then, enter the amount to transfer.

Notes:

  • Currently, we support internal transfer via a phone number, email address, or Pay ID;

  • Available balance shows the total assets you can utilize from your Spot and Funding Wallets. You can choose to use either one of the wallets for the transfer. If the wallet balance is insufficient, you can choose to use the assets in both wallets.

  • [Note] is optional. Any message you enter here will be sent to the other party.

3. Click [Send]. You need to confirm the transfer. Please check carefully before clicking [Next].

Your transfer will be completed immediately and it cannot be recovered if you entered the incorrect details.

Then, verify the transfer with 2FA devices.

4. Your transfer is complete. You can click [View History] to see the transfer record.

Frequently Asked Questions

1. What are the differences between using a phone number/email/Pay ID and a wallet address for internal transfer?

The new internal transfer function via a phone number/email/Pay ID is

free of charge and funds will arrive immediately

. However, it requires both parties to enable the Binance Pay service and you must enter the correct details.

Using a wallet address for internal transfer requires block confirmation and the transaction usually takes longer to process. You’ll need to pay transaction fees too depending on the network you’re using.

If the recipient wallet address belongs to a Binance account, the network fee will not be deducted. For more details,

please refer to

please refer to How to Make Internal Transfer on Binance

2. What is Pay ID?

Pay ID is the unique identification number for your Binance Pay. Pay ID is different from your Binance user ID (UID). For more information on Binance Pay, please refer to

What is Binance Pay

.

3. Who can use the phone/email/Pay ID to send crypto?

Binance users who have enabled the Binance Pay service can send crypto to other Binance users via phone number/email/Pay ID. For more information on Binance Pay, please refer to

What is Binance Pay

.

4. Who can use the phone/email/Pay ID to receive crypto?

To receive crypto via a phone number or email, you must be a verified Binance user. To receive crypto via Pay ID, you must be a verified Binance user and have enabled the Binance Pay service.

5. If I made a transfer via a phone number or email, but the recipient hasn’t enabled Binance Pay, can they still receive my crypto?

Yes. Transfers via phone numbers or email addresses do not require the recipient to enable the Binance Pay service. However, please ensure that the phone number/email you entered is correct and that the recipient has already completed Identity Verification.

6. Where can the recipient find the crypto I sent?

The crypto will be credited to the recipient’s Funding Wallet.

7. Can I recover the funds if I entered the wrong phone number/email/Pay ID?

No. Transfers via phone number/email/Pay ID are

immediately credited and free of charge. They cannot be recovered if you enter the wrong details.

Therefore, please check that the phone number/email/Pay ID is correct before confirming the transfer.

8. Which Binance App version supports Binance Pay?

Your Binance App needs to be 2.41.0 or above to use the Binance Pay transfers via phone number/email/Pay ID function. To check your App’s version, go to [Profile][Settings] [About Us].

Binance, the world’s largest cryptocurrency exchange by trading volume was founded in 2017 in China. Even though the exchange was global, it stopped accepting US customers in 2019. Later the same year, the exchange partnered with BAM Trading Services and launched Binance.US as a part of its move into the US market. 

So, if you are a US-based user and trying to find a way to transfer from Binance to Binance.US, we have a step-by-step guide on this process. Let’s get started. 

How to Transfer from Binance to Binance.US?

The first thing you’ll need to do to transfer from Binance to BInance.US is open an account on Binance.US. Below are the steps:

  1. Go to www.binance.us/en/home and click “Get Started”
  2. Provide your email address, choose a password, agree to the Terms of Service and click “Create Account”
  3. Verify your email address by entering the 6-digit code sent to you in your inbox
  4. You can secure your account with 2-Factor-Authentication in the next step or you can click on “Skip for Now”
  5. Your account is created but to trade, you’ll need to finish the KYC process
  6. Complete the basic verification datasheet and click “Submit”
  7. After your KYC process is successful, you’ll be able to use your Binance.US account and access your dashboard

Transfer Funds from Binance to Binance US

After you’ve successfully opened an account on Binance.US, now it’s time to transfer your funds from Binance to Binance.US. Here’s how you do this:

  1. Sign in to your Binance account 
  2. Go to Wallets
  3. Choose Withdraw
  4. Copy your Binance.US wallet deposit address and paste it on Binance for withdrawal
  5. Finish withdrawal
  6. Repeat this process for every token you have on Binance

After following these steps you’ll be able to transfer from Binance to Binance.US and you can continue to use Binance.US to trade seamlessly. 

Benefits of Using Binance.Us

  • Low fees: The exchange has low fees compared to other exchanges. The maker/taker fees range from 0 to 0.1 percent and instant buy/sell fees are 0.50 percent. 
  • Educational content available: Investors eager to learn about blockchain and crypto can access Binance Academy and watch education videos and read articles on these topics.
  • Discounts on trading fees: Traders/investors who are holding Binance Coin (BNB) are eligible for a 25 percent trading fee discount

Tokens Available on Binance.US

Investors can trade over 80 crypto tokens on the Binance.US platform, such as:

  • Bitcoin
  • PAX Gold
  • Ethereum
  • Orchid
  • Harmony
  • Chainlink
  • Helium
  • Stellar
  • Cardano
  • Tether

Apart from the tokens, Binance.US offers a host of trading pairs, including the option to trade two crypto tokens cashing out one for USD. 

Who Is Binance.US Best For?

One thing to keep in mind before you start using Binance.Us is that it is not available in a few states such as Connecticut, Idaho, Hawaii, Louisiana, Texas, New York, and Vermont. People outside these states can use the platform for its easy buy/sell user interface and advanced trading views. It charges low fees and offers further fee discounts if you use Binance Coin (BNB), its native token. And as mentioned earlier, eager investors can learn to watch educational videos and read articles on investing in crypto. 

The platform doesn’t provide any information about securing, storing, or protecting the user’s funds, unlike other exchanges. As a crypto exchange, transparency about the safety of its user’s investments and funds is imperative. 

The Takeaway

Binance.US is perfect for experienced and high-volume traders due to its low fees and advanced trading views. Even less experienced traders might also appreciate the educational resources. However, the platform has fewer crypto tokens in its selection compared to other exchanges and it doesn’t offer futures or margin trading.

Transfer from Binance to Binance.US FAQs

1. How to transfer from Binance to Binance.US?

US-based traders cannot access Binance after the platform stopped accepting users from the United States. So, if you are a US-based trader who had an account on Binance and looking to transfer from Binance to Binance.US, follow these steps:

  • Open an account on Binance.US and finish the KYC process. It is a simple and straightforward procedure.
  • Sign in to your Binance account
  • Copy your Binance.US wallet deposit address and paste it on Binance for withdrawal
  • Finish withdrawal
  • Repeat this process for every token you have on Binance
  • 2. Do I need to transfer from Binance to Binance.US?

    Yes, if you are a US-based trader with an account on Binance, you need to transfer from Binance to Binance.US. Why? Because the platform is no longer allowed to operate in the States, and therefore the platform has stopped accepting US-based traders. The interface of both the platforms is the same, but Binance.US offers fewer crypto tokens and is compliant with US regulations.

    3. Is it okay to use Binance in the US?

    Binance cannot be used in the US but its sibling, Binance.US can be used in the US as it is compliant with US regulations. It is available in all states of the US except Connecticut, Idaho, Hawaii, Louisiana, Texas, New York, and Vermont.

    4. Is Binance.US the same as Binance?

    Binance.US is the American partner of Binance developed with BAM Trading Services. It has low trading fees compared to its competitors. Also, the trading interface of both the exchanges is the but Binance.US offers fewer crypto tokens as compared to its competitors.

    The internal transfer function lets you send funds between two Binance accounts. It will be immediately credited, and you don’t have to pay any transaction fees.

    1. Log in to your Binance account and click [Wallet][Fiat and Spot].

    2. Click [Withdraw].

    3. Choose the coin to withdraw.

    4. Next, enter the recipient address of the other Binance user, or select from your address book list.

    5. Select the network. Please make sure that the network matches the addresses network entered to avoid withdrawal losses.

    6. Enter the amount to transfer. You will then see the network fee displayed on screen. Please note the

    network fee will only be charged for withdrawals to non-Binance addresses

    . If the recipient address is correct and belongs to a Binance account, the network fee will not be deducted. The recipient account will get the amount indicated as [Receive amount].

    You can hover over to [i] and click [Change] to choose the account the withdrawal fees are to be returned to. It can be either returned to the withdrawing account or the recipient’s account.

    Please also note that if you choose [Blockchain Transfer], your funds will be transferred to the recipient’s address via blockchain and

    you have to pay for the network fees of your withdrawal

    .

    *Please note: The fee exemption and instant arrival of the funds are only applicable when the recipient address belongs to a Binance account too. Please make sure that the address is correct and belongs to a Binance account.

    Moreover, if the system detects that you are withdrawing a coin that requires a memo, the memo field is also mandatory. In such a case, you will not be allowed to withdraw without providing the memo; please provide the correct memo, otherwise, the funds will be lost.

    7. Click [Submit] and you will be redirected to complete the 2FA Security verification for this transaction. Please double-check your withdrawal token, amount, and address before clicking [Submit].

    8. After the withdrawal is successful, you may return to [Wallet] [Fiat and Spot][Deposit Withdraw History] to check the transfer status.

    Please note that for internal transfer within Binance,

    no TxID will be created

    . The TxID field will be shown as [Internal Transfer] and will show a [Internal Transfer ID] for this withdrawal. If there is any issue for this transaction, you may provide the ID to

    Binance Support

    for assistance.

    9. The recipient (another Binance user) will instantly receive this deposit. They may find the record in

    [

    Transaction History

    ]

    [Deposit]. The transaction will be marked as [Internal Transfer], with the same [Internal Transfer ID] under the TxID field.

    Written by Jane