Introduction
Can you transfer cryptocurrencies like MDX and USDT between exchanges such as Huobi and Binance? Absolutely—but it requires careful attention to blockchain networks to avoid costly mistakes. This guide walks you through the process while highlighting critical pitfalls.
Key Blockchain Networks for Crypto Transfers
| Network | Description |
|---|---|
| ERC20 | Ethereum Mainnet |
| OMNI | Bitcoin Network |
| BEP2 | Binance Chain |
| BEP20 | Binance Smart Chain (BSC) |
| TRC20 | Tron Network |
| HECO | Huobi Eco Chain |
How to Transfer MDX from Huobi to Binance
- Locate Binance’s MDX Deposit Address
Binance typically lists MDX as an ERC20 token. However, Huobi defaults to its HECO chain for MDX transfers—a critical detail not always displayed during withdrawal. Initiate Withdrawal on Huobi
- Navigate to "Withdraw" and paste Binance’s ERC20 address.
- Caution: Huobi may process the transaction via HECO without warning, leading to failed transfers if the networks mismatch.
Verify the Transaction
- If Successful: Funds appear in Binance’s ERC20 wallet.
- If Failed: Check HECO’s blockchain explorer for HECO-chain transfers or Etherscan for ERC20.
👉 Troubleshooting failed crypto transfers
Transferring USDT from Huobi to Binance
- Select the Correct Network
Huobi offers multiple USDT transfer options (ERC20, TRC20, etc.). Binance supports ERC20 USDT deposits. Monitor Fees
- ERC20: High fees (~$18 per transfer).
- TRC20: Lower fees (~$1), but ensure Binance accepts TRC20 USDT.
- Track the Transaction
Confirm receipt via Etherscan. Funds typically arrive within minutes.
Common Pitfalls and Solutions
- Mismatched Networks: Always verify the recipient’s supported network.
- High Fees: Consider converting small tokens to USDT/ETH for cheaper transfers.
- Lost Funds: Cross-check blockchain explorers (HECO for Huobi, Etherscan for ERC20).
👉 Optimizing crypto transactions for low fees
FAQs
Q: Can I transfer MDX directly from Huobi to Binance?
A: Only if both exchanges support the same network (e.g., HECO). Otherwise, convert to USDT/ETH first.
Q: Why did my USDT transfer fail?
A: Likely due to selecting an unsupported network (e.g., sending TRC20 USDT to an ERC20 address).
Q: How do I reduce transfer fees?
A: Use TRC20 for USDT or consolidate smaller transactions into fewer, larger transfers.
Final Tips
- Double-check addresses and networks.
- Start with a small test transfer.
- Document transaction IDs for troubleshooting.
For more details, explore our crypto trading guides.