How to Verify Your Binance ERC-20 Deposit Address and Gas?
Verifying an ERC-20 deposit address and gas comes down to two key points: the address must start with "0x", and the network chosen on the sending side must be Ethereum (ERC-20). If the networks don't match, the address can look identical but the assets will be sent on the wrong chain and cannot be recovered. Binance-generated ERC-20 addresses always start with "0x". If you select BSC (BEP-20) or another network on the withdrawal platform, funds will go astray.
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Step 1: Get your ERC-20 deposit address on Binance
Log into the Binance app or website, go to [Wallet] – [Deposit] – [Deposit Crypto].
Search for the coin you want to deposit (e.g., USDT) and select it.
From the available networks, manually choose "Ethereum (ERC-20)".
Binance will generate a 42-character address starting with "0x".
Tap the copy button to copy the address.
Key checks:
Does the address start with "0x"? – This is the standard format for ERC-20 addresses.
Is the address exactly 42 characters long (including "0x")?
Never type the address manually. Use the copy function to avoid typos.
What "done" looks like: The address has been copied, you've confirmed the "0x" prefix, and the selected network shows "Ethereum (ERC-20)".
Step 2: Verify gas fees – who pays and how to check
Gas fees are not charged by Binance. ERC-20 gas fees are paid to Ethereum network miners/validators for processing transactions. When you initiate a withdrawal from your external wallet or platform, the interface will show an estimated gas fee.
How to check the current gas level:
Visit the Etherscan homepage; the "Gas Tracker" is displayed at the top.
Compare "Average Gas Price" with the 7-day average. If the current price is 30% or more above the average, the network is congested and fees will be higher.
You can also check the actual gas used and gas price on a transaction details page; multiplying them gives the real cost.
What "done" looks like: You've seen the estimated gas fee on the withdrawal page, you understand the current network conditions, and you can decide whether to proceed now or later.
Step 3: Final checks before initiating the transfer
After pasting the Binance address on the external wallet or exchange withdrawal page, confirm these three items:
| Check Item | What to Verify |
|---|---|
| Network | On the withdrawal platform, is "Ethereum (ERC-20)" selected? It must match the network selected in Binance's deposit page exactly. |
| Address | After pasting, check that the first characters ("0x") and the last few characters match what Binance displays. |
| Memo/Tag | ERC-20 does not require a memo. If the field appears, leave it blank. |
Binance supports generating multiple deposit addresses for the same network; the address book feature lets you view all addresses. But every address is tied to the Ethereum network – choosing a different network means sending funds on the wrong chain.
What "done" looks like: All three checks have passed. Click submit.
Step 4: Post-transfer verification
After submitting the transfer, take the transaction hash (TxID) and search for it on Etherscan:
Status shows "Success" and confirmations ≥ 32: The transaction is confirmed on-chain. Wait for Binance to credit the deposit.
Verify that the "To" address matches the Binance deposit address you entered.
Check that the actual gas consumed falls within your expected range.
What "done" looks like: On Etherscan, the transaction status is "Success" and the "To" address matches.
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Common mistakes and risk reminders
| Mistake Type | Consequence | How to Avoid |
|---|---|---|
| Wrong network (withdrawal side chooses BEP-20 or TRC-20 while Binance side is ERC-20) | Funds sent on the wrong chain; cannot be recovered. | Before finalising, verify that the network names on the withdrawal and deposit sides are identical – "Ethereum" to "Ethereum". |
| Address format confusion (ERC-20 and BEP-20 both start with "0x") | The same format does not mean the networks are interchangeable. | Don't rely only on the prefix; make sure the network dropdown explicitly says "ERC-20". |
| Manually typing the address | Missing or altering one character leads to a different address; funds may be lost. | Always use the copy button to paste; never type by hand. |
Risk reminders:
Binance does not charge deposit fees. The gas fee you pay is a blockchain fee collected by the sending platform, not by Binance.
If a transaction stays in a "Pending" state for a long time, it's likely the gas fee was set too low. During network congestion, low-fee transactions can remain stuck in the mempool.
On the Binance [Deposit] page, select the coin and "Ethereum (ERC-20)" network, copy the address, and when withdrawing from the external platform, choose Ethereum (ERC-20) there as well. Only submit after confirming the network names match on both sides. For first-time operations, it's recommended to send a small test amount (≤10 USDT). Once the test deposit arrives, proceed with the larger amount. Use referral code FYLK9104 when signing up for Binance.
