Transferring cryptocurrency from Binance to another exchange is a very common operation that can be done safely by following the correct steps. Don't have a Binance account? Register on Binance now to get started, and we recommend downloading the Binance app for easy operation.
Detailed Transfer Steps
Step 1: Get the deposit address from the target exchange. Log into your account on the other exchange, find the "Deposit" function, select the coin and network you want to deposit, and copy the deposit address. Important: make sure the coin and network match what you'll select when withdrawing from Binance. Some exchanges also require a Memo (tag/note) in addition to the address — this must not be omitted, or your assets may fail to arrive.
Step 2: Initiate a withdrawal on Binance. Open the Binance app, go to "Wallet" > "Withdraw," select the coin to transfer, paste the target exchange's deposit address, and select the same network as the target address. If the target exchange requires a Memo, be sure to enter it accurately in the corresponding field.
Step 3: Enter the amount and confirm. Enter the transfer amount — the system will display the fee and actual amount to be received. Carefully verify the address, network, and amount, then complete the security verification (SMS, email, Google Authenticator) and submit the withdrawal request.
Step 4: Wait for arrival. After a successful withdrawal, check the deposit record on the target exchange and wait for blockchain network confirmation. You can copy the transaction hash (TxID) provided by Binance and track the transfer progress in real time on a blockchain explorer.
Choosing the Right Network
Selecting the correct network is crucial when transferring. Both exchanges must support the same network for the transfer to succeed. Here are recommended networks for common coins:
- USDT transfer: Prioritize the TRC20 network — fee is only 1 USDT, fast (1-5 minutes). If the target exchange doesn't support TRC20, choose BEP20 (fee approximately 0.3 USDT)
- ETH transfer: You can choose the native ERC20 network, or Layer 2 networks like Arbitrum or Optimism for lower fees
- BTC transfer: Can only use the Bitcoin network — relatively higher fees, slower arrival (approximately 30-60 minutes)
- BNB transfer: Recommended to use the BEP20 (BSC) network — extremely low fees
Pre-Transfer Checklist
To ensure everything goes smoothly, verify each of these items before submitting: Is the coin correct (e.g., don't enter an ETH address for a BTC transfer)? Is the network the same on both platforms? Is the address complete (no missing characters)? Is a Memo required (XRP, EOS, and similar coins typically need one)? Is the amount correct (note the actual amount received after deducting fees)?
Common Mistake Warnings
The most common mistake is mismatched networks — for example, selecting ERC20 on Binance but the target exchange address is TRC20. In such cases, assets may be lost and extremely difficult to recover. Always double-check the address and network before transferring. For first-time transfers, test with a small amount first, and only proceed with larger amounts after confirming successful arrival.
Another common mistake is forgetting to fill in the Memo. Coins like XRP, XLM, EOS, and ATOM typically require a Memo for exchange deposits because exchanges use a single address to receive deposits from all users, distinguishing them through the Memo. If you forget the Memo, you'll need to contact the target exchange's customer support for assistance — a process that can be time-consuming.
Large Transfer Considerations
For transferring large amounts of assets, it's advisable to split the operation into batches. This both spreads the risk and avoids Binance's risk control review, which can extend processing time for large withdrawals. Also, before a large transfer, make sure the target exchange's deposit function is working normally with no maintenance announcements. Check the deposit status for that coin on the target exchange first, confirm everything is normal, and then initiate the withdrawal from Binance.