You may have bought some USDT on Huobi, and are looking to send it to your Binance account.
There are actually 3 ways for you to send USDT from Huobi to Binance, and here’s a guide to get you started:
How to transfer USDT from Huobi to Binance
Here are 6 steps to transfer USDT from Huobi to Binance:
- Decide which network you would like to send USDT from Huobi to Binance
- Obtain the USDT deposit address from Binance
- Go to ‘Exchange Account’ on Huobi
- Select USDT as the cryptocurrency that you want to withdraw
- Enter the transaction details
- Receive USDT in Binance
Decide which network you would like to send USDT from Huobi to Binance
The first step you’ll need to do is to decide which network you’d like to use to send USDT from Huobi to Binance.
There are only 3 networks that are found on both Huobi and Binance:
- Ethereum (ERC20)
- Tron (TRC20)
- Solana (SOL)
If you choose the wrong network to send between these 2 platforms, there is a chance that your funds may be lost forever!
Obtain the USDT deposit address from Binance
On Binance’s platform, you will need to go to ‘Wallet‘, and then ‘Fiat/Spot‘.
After that, you can select USDT as the currency you wish to deposit on Binance.
After selecting USDT, select the ‘Deposit‘ button.
You are able to use 5 different networks to deposit USDT to Binance. This includes:
- Binance Chain (BEP2)
- Binance Smart Chain (BEP20)
You will need to select either TRC20, SOL or ERC20 as the network that you want to use.
It will be best to use either SOL or TRC20 as the network, since they have lower fees compared to ERC20 withdrawals.
In this example, I will be choosing the TRC20 network. As such, you can copy the TRC20 deposit address from Binance.
If you are finding it hard to remember all of these long deposit addresses, you may want to consider simplifying them using Unstoppable Domains.
This allows you to send crypto to a .crypto or .wallet address, which makes it much easier to transfer cryptocurrencies between platforms!
Go to ‘Exchange Account’ on Huobi
On Huobi’s platform, you’ll need to go to ‘Exchange Account‘ from the Balances tab.
This account allows you to deposit and withdraw cryptocurrencies from Huobi.
Select USDT as the cryptocurrency you wish to withdraw
Once you’re there, you can select USDT as the cryptocurrency that you intend to withdraw.
You will need to click on the ‘Withdraw‘ button.
Enter the details of the transaction
There are a few details that you’ll need to enter for each transaction.
- The deposit address that you’ve obtained from Binance
- The network that you will be using
- The amount of USDT that you wish to withdraw from Huobi
If you paste your TRC20 deposit address from Binance, you should select the TRC20 network for the withdrawal.
This applies to the ERC20 and SOL network too.
Receive USDT in Binance
After the transfer has been initiated, you will receive USDT in Binance.
The time taken to send USDT over will heavily depend on the congestion of the network that you used.
What are the fees to transfer USDT from Huobi to Binance?
Huobi uses a dynamic withdrawal fee structure that depends on the network congestion.
Here are the estimated amount of fees that you’ll pay, depending on the network you’re withdrawing from.
ERC20 network withdrawals are really high. As such, it will be best for you to use either the SOL or TRC20 networks as Huobi does not charge any fees.
If you are intending to send USDT from Huobi to Binance, there are 3 networks that you can use (ERC20, SOL and TRC20).
It would be best not to use the ERC20 version of USDT, due to the high withdrawal fees that you’ll incur!
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