How to Transfer Crypto from Other Exchanges to Binance?

Transferring crypto from other exchanges to Binance comes down to three core steps: obtain your Binance deposit address and network, enter that address when withdrawing from the sending exchange and ensure the network matches, submit and wait for the deposit to arrive. The most critical point is that the network must match—choosing incorrectly can lead to permanent loss of assets.

Prerequisites: Preparation

Before initiating the transfer, make sure:

• Your Binance account is KYC-verified. Although an unverified account can still generate a deposit address, account features (withdrawal, some trading) may be restricted after crediting.
• You hold the relevant asset in the sending exchange, and the coin/token is available for withdrawal on that platform.
• Confirm that the asset is supported for deposit on Binance. Most major coins and networks are supported, but it's wise to check before transferring.

Step 1: Get your Binance Deposit Address

1. Log into the Binance app or website and go to Wallet – Deposit – Deposit Crypto.
2. Search for and select the coin you want to deposit (e.g., USDT).
3. Choose the deposit network. Binance will display all supported networks for that coin (such as ERC20, TRC20, BEP20, etc.).
4. The system will generate a unique deposit address. Click Copy Address to copy the full address.
5. If the page also shows a Tag/Memo (required for certain coins like XRP, XLM, EOS), copy that as well. It is equally important as the address—both are needed.

When are you done with this step? You have copied the Binance deposit address (and Tag/Memo, if any).

Step 2: Initiate Withdrawal on the Sending Exchange

1. Log into your account on the sending exchange and find the Withdraw or Withdraw Crypto section.
2. Select the coin you want to transfer (must match the coin selected on Binance).
3. Enter the Binance deposit address: paste the address you copied from Binance. If a Tag/Memo is required, fill it in the corresponding field.
4. Select the withdrawal network: This is the most critical step—it must be exactly the same as the network you chose on Binance. For example, if you selected TRC20 on Binance, choose TRC20 on the withdrawal side; if you selected ERC20, choose ERC20.
5. Enter the withdrawal amount. The system will display the estimated network fee (gas). After verifying everything is correct, submit the withdrawal request.

When are you done with this step? The sending exchange shows the withdrawal as "Processing" or "Completed".

Step 3: Wait for Arrival and Confirm

1. After submitting, you need to wait for blockchain network confirmations. The time depends on network congestion and the number of confirmations required by Binance.
2. You can track the deposit progress in the Binance app under Wallet – Transaction History. Once the status shows "Completed", the funds have been credited.

When are you done with this step? Your Binance funding or spot wallet shows the balance of the relevant asset.

Common Mistakes and Risk Warnings

• Network mismatch is the most common fatal error: Sending USDT on TRC20 to an ERC20 deposit address, or vice versa, means the assets go to a wrong chain and are most likely unrecoverable.
• Forgetting to fill in Tag/Memo: Coins like XRP, XLM, EOS require a Tag/Memo. If left blank or entered incorrectly, the deposit cannot be credited even if the address is correct.
• Withdrawal address entered incorrectly: A single wrong character sends assets to an unknown address with no way to retrieve them. Always use copy/paste and verify the first and last few characters.
• Deposit token contract address not supported by Binance: Certain specific versions of USDT, for example, may not be supported. Stick to standard assets on mainstream networks (ERC20, TRC20, BEP20, etc.).

Next Steps

Open the Binance app, go to Wallet – Deposit to get your deposit address and network information. Then go to the withdrawal page of your other exchange and fill in the details accordingly. The network name must match on both ends, and double-check that the address and Tag/Memo (if required) are correct. For first-time users, it is recommended to do a small test transfer first. Once confirmed, you can proceed with larger amounts. You may use referral code FYLK9104 when signing up for Binance.