This guide builds upon my previous article explaining how to deposit euros into Crypto.com via SEPA transfer. Follow these steps to securely move USDT between exchanges.
Key Concepts
Before proceeding, understand these terms:
- Deposit: Receiving funds into a wallet.
- Withdrawal: Sending funds from a wallet.
Prerequisites
- Accounts on both Crypto.com and Binance
- USDT (TRC20) as the transfer asset (compatible with TRON network)
Step-by-Step Transfer Process
1. Locate Binance Deposit Address
- Open Binance app → Wallet → Deposit
- Select USDT
- Choose TRC20 network (must match withdrawal network)
- Copy the wallet address
⚠️ Mismatched networks may result in permanent asset loss.
2. Purchase USDT on Crypto.com
- Navigate: Trade → Buy → Select Tether (USDT)
- Set purchase amount (default: 100 USDT)
- Confirm transaction with security code
- Wait for email confirmation
3. Initiate Withdrawal from Crypto.com
- Go to: Transfer → Withdraw → Crypto → External Wallet
Whitelist Binance address:
- Network: BSC (Binance Smart Chain)
- Paste copied Binance address
- Label: "Binance-BSC-USDT"
- Enter verification code
4. Complete Transfer
- Select whitelisted Binance address
- Enter withdrawal amount
- Confirm details (check network match!)
- Wait for email confirmation
👉 Troubleshooting failed transfers
5. Verify Funds in Binance
- Processing time varies by network congestion
- Check Spot Wallet for deposited USDT
- Verify receipt of confirmation emails/notifications
Common Fees
| Action | Fee (Approx.) |
|---|---|
| Binance deposit | Free |
| Crypto.com withdrawal | 2 USDT |
| Network congestion | Variable |
FAQs
Q: Why must networks match?
A: Different blockchain networks (TRC20 vs. ERC20) aren't interoperable. Mismatches cause irreversible losses.
Q: How long do transfers take?
A: Typically 5-30 minutes, but may extend to hours during network congestion.
Q: What's the minimum transfer amount?
A: Exchanges impose minimums (often $10-$50 equivalent). Always check platform rules first.
Q: Can I transfer other cryptocurrencies?
A: Yes, but each asset has specific network requirements. USDT offers multi-chain flexibility.
Q: Is whitelisting addresses mandatory?
A: Most exchanges require it for security. It prevents transfers to unauthorized wallets.
Security Tips
- Double-check addresses before confirming
- Start with small test transactions
- Enable 2FA on both platforms
- Never share private keys or recovery phrases
Remember: Cryptocurrency transactions are irreversible. Careful verification prevents costly mistakes.