Crypto

3 Steps To Transfer From Binance To KuCoin Using The TRC20 Network

Binance To KuCoin TRC20
This article contains affiliate links. You can read more about these links in my Editorial Guidelines.

When transferring cryptocurrencies between platforms, you may have seen that the withdrawal fees can be really high sometimes!

One method to reduce your transaction fees is to withdraw using another network with less congestion, such as the TRC20 network.

Here’s how you can send cryptocurrencies from Binance to KuCoin using the TRC20 network.

How to transfer from Binance to KuCoin using the TRC20 network

  1. Obtain the TRC20 deposit address from KuCoin
  2. Select the cryptocurrency that supports TRC20 network withdrawals on Binance
  3. Enter the transaction details and confirm the withdrawal

Obtain the TRC20 deposit address from KuCoin

First, you will need to go to the ‘Main Account‘ tab on KuCoin.

KuCoin Select Main Account 1

Once you’re in the Main Account section, you’ll need to choose the currency that you wish to transfer.

In this example, I will be using USDT as an example.

KuCoin Deposit USDT

After selecting ‘Deposit‘, this will bring you to view all of the possible networks you can use to deposit USDT to KuCoin.

You will need to select ‘TRC20‘ to view the TRC20 network address.

KuCoin TRC20 USDT Address

For cryptocurrencies that are native to the TRC20 network such as TRX, you will only be able to deposit them via the TRC20 address.

KuCoin TRX Deposit Address

If you would like to obtain the TRC20 deposit address from Binance, you can check out my guide here.

Select the cryptocurrency that supports TRC20 network withdrawals on Binance

For the next step, you will need to send the cryptocurrency from Binance using the TRC20 network.

On Binance’s platform, you will need to go to ‘Wallet‘, and then ‘Fiat/Spot‘.

Binance Wallet Fiat Spot

You will need to select the cryptocurrency that you wish to withdraw. In this case, I will be using USDT.

Binance Deposit USDT

Enter the transaction details and confirm the withdrawal

After clicking on ‘Withdraw‘, you can paste the deposit address that you’ve obtained from KuCoin, and select the network that you wish to withdraw.

Binance TRC20 Autodetect

If you’ve pasted a TRC20 deposit address, Binance should automatically detect it and remove all the other networks that you can use to withdraw USDT from.

The last part will be to enter the amount of USDT you wish to withdraw.

Binance Withdraw USDT Fee

You will be able to see the network fee that you’ll incur too.

After confirming the transaction, you should receive USDT in your KuCoin account.

Which currencies can I send from Binance to KuCoin using the TRC20 network?

Here are 5 currencies that you can send from Binance to KuCoin using the TRC20 network:

On KuCoin, you may have noticed that you are able to receive deposits of ETH and BTC using the TRC20 network.

KuCoin BTC TRC20 Deposit

However, if you look at the networks that are supported on Binance, you will see that Binance does not support the TRC20 withdrawals of these cryptocurrencies.

Binance BTC Deposit Addresses

As such, you will not be able to send BTC or ETH from Binance using the TRC20 network.

What are the fees to transfer from Binance to KuCoin using the TRC20 network?

Here are the fees that Binance charges you for TRC20 withdrawals from their platform:

CryptocurrencyTRC20
Withdrawal Fee
USDT1 USDT
USDC1 USDC
TRX1 TRX
WIN173 WIN
JST50 JST

The fees to transfer both USDT and USDC are much lower when using TRC20, compared to other networks like ERC20!

Conclusion

When sending cryptocurrencies via the TRC20 network, it is important to double check that both Binance and KuCoin support TRC20 withdrawals and deposits of that currency.

If only one platform supports the TRC20 network for that particular currency, you will not be able to use this network to send the currency over!

👉🏻 Referral Deals

If you are interested in signing up for any of the products mentioned above, you can check them out below!

Binance Referral (Receive 5% off your trading fees)

If you are interested in signing up for a Binance account, you can use my referral link.

You will be able to receive 5% off all of your trading fees on Binance!


undraw pcsocial 16rw

Do you like the content on this blog?

To receive the latest updates from my blog and personal finance in general, you can follow me on Telegram and Facebook.

Are you passionate about personal finance and want to earn some flexible income?

You Might Also Like

    Total
    0
    Share