Transferring USDT (Tether) between cryptocurrency exchanges like Binance and OKX is a straightforward process when you follow the right steps. This guide provides a detailed walkthrough to ensure a smooth transaction while minimizing risks.
Step 1: Preparing Your Binance Account (Sending USDT)
- Log in to Binance:
Access your Binance account using your credentials and complete any required two-factor authentication (2FA). - Navigate to Wallet:
Go to Wallet > Fiat and Spot to view your available balances. - Select USDT for Withdrawal:
Search for USDT in your wallet and click Withdraw. Enter Withdrawal Details:
- Address: Paste the OKX deposit address (copied from OKX—see Step 2).
- Network: Choose a compatible network (e.g., ERC-20, TRC-20, or BEP-20). Ensure it matches OKX’s supported networks.
👉 Compare network fees and speeds before selecting.
- Specify Amount:
Enter the USDT amount you wish to transfer. Note any minimum withdrawal limits or fees. - Confirm and Submit:
Review all details carefully, then complete the transaction using Binance’s security verification (e.g., email/SMS confirmation or 2FA). - Wait for Processing:
Transaction times vary by network—expect delays during high congestion.
Step 2: Receiving USDT on OKX
- Log in to OKX:
Access your OKX account and ensure your account is verified. - Locate Deposit Section:
Navigate to Assets > Deposit. - Choose USDT:
Select USDT from the list of supported cryptocurrencies. - Select the Correct Network:
Pick the same network used in the Binance withdrawal (e.g., TRC-20 for lower fees). - Copy Deposit Address:
OKX will generate a unique deposit address. Copy this exactly. - Paste Address on Binance:
Return to Binance and paste the OKX address into the withdrawal field.
Final Checks and Confirmation
- Network Consistency: Double-check that both platforms use identical networks (e.g., TRC-20 to TRC-20). Mismatched networks can result in permanent loss of funds.
- Transaction Status: Monitor the transaction via Binance’s withdrawal history or blockchain explorers like Etherscan (for ERC-20) or Tronscan (for TRC-20).
- Balance Update: Once confirmed, USDT will reflect in your OKX wallet. Delays may occur due to network congestion.
FAQs
1. How long does a USDT transfer take?
- ERC-20: ~5–30 minutes (Ethereum network dependent).
- TRC-20/BEP-20: Usually under 5 minutes. Delays possible during peak times.
2. What are the fees for transferring USDT?
- Binance charges a withdrawal fee (e.g., ~1 USDT for TRC-20, ~10 USDT for ERC-20).
- OKX typically doesn’t charge for deposits.
3. Can I cancel a USDT withdrawal?
- Only if the transaction is pending. Once processed, cancellations are impossible.
4. What if I sent USDT to the wrong network?
- Contact OKX support immediately. Recovery isn’t guaranteed but may be possible for a fee.
5. Why isn’t my USDT showing in OKX?
- Confirm the transaction is confirmed on the blockchain.
- Ensure the deposit address and network are correct.
Pro Tips
- Test Transactions: For large amounts, send a small test transfer first.
- Network Choice: TRC-20 is cost-effective for small transfers; ERC-20 suits high-value transactions due to security.
👉 Learn more about secure crypto transfers
Always prioritize accuracy over speed to safeguard your assets. For further assistance, consult Binance or OKX support portals.