How to transfer usdt from one binance account to another

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].

Cryptocurrencies can be sent from one exchange to another.

You can also send it to the same exchange (e.g. Binance to Binance).

Sending/transferring a cryptocurrency to someone with a Binance account is easy.

It’s the same process as sending it to another exchange (like Coinbase).

In a nutshell—you need to copy and paste the receiver’s cryptocurrency address.

For example, if you’re looking to send Bitcoin, you need to obtain the receiver’s Bitcoin address on Binance.

In this guide, you’ll learn how to send cryptocurrency (e.g. Bitcoin, Ethereum) from Binance to another Binance account.

Get started on Binance here: https://www.binance.com/en/register?ref=73583477 or use “73583477” as the referral code.

How to send cryptocurrency from Binance to another Binance account

To send cryptocurrency from Binance to another Binance account, you need to obtain the receiver’s address.

Once you’ve obtained the receiver’s address (e.g. Ethereum), you can send Ethereum to them by pasting their Ethereum address on the withdrawal page.

Your wallet address on Binance can be found by navigating to your fiat and spot wallet.

In your fiat and spot wallet, you’ll see a list of cryptocurrencies that you own and their balances.

You can copy your address of a cryptocurrency by navigating to the deposit page.

Hence, you need to ask the person who is receiving the cryptocurrency to send you their address.

After they’ve sent you their address, you’ll be able to send the appropriate cryptocurrency (e.g. Ethereum) to it.

Here’s how to send crypto from Binance to another Binance account:

1. Navigate to the receiver’s crypto deposit page

Deposit crypto on Binance

The first step is to ask the receiver to send you their cryptocurrency address.

If you’re the receiver, you need to navigate to your fiat and spot wallet on Binance.

For the purpose of this guide, we’ll use the desktop version of Binance.

Firstly, go to binance.com and log in to your account.

Once you’re on Binance, click on “Wallet” on the header.

After you’ve clicked on “Wallet”, you’ll see multiple options.

This includes “Overview”, “Fiat and Spot”, “Margin”, and more.

Click on “Fiat and Spot” to go to your fiat and spot wallet.

On your fiat and spot wallet, you’ll see a list of cryptocurrencies that you own along with their balances.

Now, you need to navigate to the cryptocurrency that you want to receive.

For example, if you (the receiver) want to receive Ethereum, you need to navigate to “ETH”.

Lastly, click on “Deposit” next to the cryptocurrency that you want to receive (e.g. ETH).

2. Copy the receiver’s crypto address

Crypto address on Binance

After you’ve clicked on “Deposit” on the cryptocurrency that you want to receive (e.g. ETH), you’ll land on the deposit page.

On the deposit page, you’ll see a couple of dropdown boxes.

This includes “Coin” and “Network”.

You’ll also see your cryptocurrency address.

Firstly, select the cryptocurrency that you want to receive in the “Coin” dropdown box.

For example, if you want to receive Ethereum, select “ETH”.

Secondly, you need to select the correct network.

For example, if you’re receiving Ethereum, make sure to select the “ERC20” network.

Once you’ve selected the cryptocurrency that you want to receive and the appropriate network, you need to copy your address.

To do so, click on the duplicate icon to copy your cryptocurrency address (e.g. ETH).

If you’re the receiver, you need to send your cryptocurrency address to the person that is sending you the crypto.

3. Navigate to the sender’s crypto withdrawal page

Withdraw crypto on Binance

After you’ve copied the receiver’s cryptocurrency address, you can now send cryptocurrency to it.

For example, if you’ve copied the receiver’s Ethereum address, you can now send Ethereum to it.

If you’re the sender, you need to first navigate to your fiat and spot wallet on Binance.

To do so, go to binance.com and log in to your Binance account.

Once you’re on Binance, click on “Wallet” on the header.

After you’ve clicked on “Wallet”, you’ll see multiple options including “Overview”, “Fiat and Spot”, and “Margin”.

Click on “Fiat and Spot” to go to your fiat and spot wallet.

On your fiat and spot wallet, you’ll see a list of cryptocurrencies that you own and their balances.

Now, you need to navigate to the cryptocurrency that you want to send and click on “Withdraw”.

For example, if you want to send Ethereum, navigate to “ETH” and click on “Withdraw”.

4. Send your crypto to the other Binance account

How to send cryptocurrency from Binance to another Binance account

After you’ve navigated to the crypto that you want to send (e.g. Ethereum) and clicked on “Withdraw”, you’ll land on the withdrawal page.

On the withdrawal page, you’ll see multiple dropdown boxes and fields.

Firstly, you need to select the cryptocurrency that you want to send in the “Coin” dropdown box.

For example, if you want to send Ethereum, select “Ethereum”.

Secondly, you need to paste the receiver’s crypto address—this is the most important step.

To do so, paste the receiver’s crypto address (e.g. ETH) that you’ve obtained from the second step in the “Address” field.

Thirdly, you need to select the correct network.

For example, if you’re sending/withdrawing Ethereum, you need to select “ERC20” in the “Network” dropdown box.

Fourthly, you need to enter the amount of crypto that you want to send to the person (e.g. 0.01 ETH).

Lastly, click on “Withdraw” to send the crypto to the receiver.

After you’ve clicked on “Withdraw”, you’ll need to complete a security verification.

This involves either phone verification, email verification, or 2-factor authentication.

Once you’ve completed the security verification, it’ll take 30 to 60 minutes for the transaction to complete.

In some cases, it might take longer than 60 minutes due to network congestion.

Conclusion

Sending cryptocurrency from Binance is not that complicated.

In a nutshell, all you need is the receiver’s crypto address.

For example, if you’re sending Bitcoin, you need to know the receiver’s Bitcoin address.

Then, you’ll be able to send Bitcoin to them by navigating to the withdrawal page and pasting their Bitcoin address.

Lastly, complete the security verification and you’re good to go.

Withdrawals will typically take 30 to 60 minutes to complete.

On Binance, you can check the status of your withdrawal at any time by navigating to the “Transaction History” page.

Further reading

Best Binance Referral ID Code in 2021

How Long Does a Binance Withdrawal Take?

How to Withdraw Money From Binance to Bank Account

Written by Jane