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CoinCodex: How to Move USDT from Binance to KuCoin?


Sending cryptocurrency from one exchange to another can be a daunting task if you've never done it before. However, you shouldn't worry — sending USDT from Binance to KuCoin will only take you a few minutes and you only need to pay attention to a few details. 

Key highlights:

VIDEO: Transfer USDT from Binance to KuCoin - How to Deposit Funds in KuCoin 2022
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  • In this guide, we’ll show you how you can transfer Tether from Binance to KuCoin in just a couple of clicks.
  • TRON-based USDT (TRC20) is one of the fastest and most cost-effective way to transfer Tether from Binance to Kucoin.
  • The whole crypto transfer process shouldn’t take longer than a couple of minutes.

How to send Tether from Binance to KuCoin?

VIDEO: How to Transfer USDT from Binance To Kucoin
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Transferring Tether (USDT) from Binance to Kucoin is pretty simple, and a similar process can be applied to any cryptocurrency that’s supported on both trading platforms. In essence, you’ll have to withdraw assets from your Spot Wallet on Binance and deposit them to your Main Account on KuCoin.

In this article, we’ll be showing you how you can transfer USDT from Binance to KuCoin to trade cryptocurrencies that are listed on KuCoin.

What is Binance?

VIDEO: How To Transfer USDT From Binance To Kucoin
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Binance is the most popular cryptocurrency exchange in the world, offering a multitude of services ranging from spot cryptocurrency trading to cryptocurrency derivatives, staking, and interest-rate bearing crypto lending products under the Simple Earn banner. Binance lists a huge selection of cryptocurrencies that can be traded across more than 1,300 trading pairs. In addition, the high number of users will ensure ample liquidity no matter which crypto pair you use. It is worth noting that Binance has its own native digital asset, BNB, which allows holders to benefit from lower transaction fees and participate in exclusive promotions.

Create Binance Account

What is KuCoin?

VIDEO: How to Transfer USDT from Binance to Kucoin (Step by Step)
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KuCoin is a popular cryptocurrency exchange that’s a favorite among altcoin traders. Since its launch in 2017, KuCoin has introduced numerous new features to expand its offering of trading products. Even though Binance is a bigger exchange than KuCoin, KuCoin lists some smaller cryptocurrencies that are not available for trading on Binance. KuCoin, like many other crypto exchanges, has its own token called KCS. It enables users to benefit from lower trading fees and participate in special promotions.

Create KuCoin Account

Binance to KuCoin USDT transfer – A step-by-step guide

VIDEO: How to Transfer USDT from Binance to Kucoin (Quick & Easy)
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The process of transferring coins from Binance to Kucoin is very straightforward. In the step-by-step sections that follow, we are going to show you how to transfer USDT from Binance to KuCoin.

1. Get your USDT deposit address on KuCoin

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On KuCoin, go to your Main Account and click on “Deposit” next to the selected coin. For the purposes of this guide, we'll be using Tether – you can either search for the stablecoin's ticker "USDT," or the full name, "Tether".

a schreenshot showing how to get USDT deposit addres from KuCoin's main account

Select the network (blockchain) you’d like to transfer USDT tokens on. Please note that different exchanges support different networks, and you need to select a network that’s supported both on the exchange you’re withdrawing from and the exchange you’re depositing to. 

Since both Binance and Kucoin support the TRC20 version of Tether (USDT on the TRON network), we’ll use it in our guide due to its low transaction cost and high speeds. Transferring USDT on the TRON network is one of the cheapest ways to transfer crypto from Binance to Kucoin. It is also significantly faster when compared to the Ethereum and OMNI networks.

a screenshot showing a copy of USDT (TRC20) deposit addres from KuCoin's main account

Make sure that you selected the correct type of token standard, which is TRC20 in our case. TRC20 is the standard used for tokens like USDT that are issued on top of the TRON network (the same as ERC20 for Ethereum). Copy the address provided by KuCoin.

2. Withdraw USDT from Binance to your KuCoin USDT deposit address

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If you don’t already have USDT on Binance, you’ll have to deposit some USDT to Binance or buy it on the exchange. Do note that trading fees apply.

How to buy Tether (USDT) on Binance?

Once you have USDT in your Binance account, go to your Fiat and Spot Wallet on Binance and click Withdraw.

a screenshot showing how to withdraw Tether (USDT) from Binance's Fiat and Spot wallet

Paste the USDT deposit address you got from Kucoin and select the correct blockchain network you’re going to transfer your USDT on. In our example, this will be TRON, which is labeled as “TRX Tron (TRC20)” on Binance.

Next, you’ll also have to select the amount of USDT you want to transfer from Binance to KuCoin.

TIP: If you are doing this for the first time, we suggest that you first try with a smaller amount of USDT just to make sure that you’re doing everything correctly. If you successfully receive the smaller amount into your KuCoin account, you can then repeat the same process for the rest of the USDT that you want to transfer.

A 1 USDT withdrawal transaction fee will be deducted from the amount you will be receiving. So if your withdrawal amount from Binance is 1000 USDT, you’ll get 999 USDT on KuCoin. Once you’ve entered the withdrawal amount and are ready to withdraw from Binance, click Withdraw. The average time for TRON-based transactions to clear is about one minute.

a screenshot showing how to enter KuCoin's USDT address to withdraw USDT from Binance to KuCoin

Based on the security settings you set up for your Binance account, you might have to provide an email security code and other security verification options to confirm the transaction. Once you complete the necessary security verification steps, your withdrawal request will be submitted and visible under Recent Withdrawals.

a screenshot showing a withdrawal confirmation popup on Binance

TIP: If you are using the same blockchain address when withdrawing crypto from Binance often, you can save it in your address book. This makes the process much faster, as whitelisted addresses don’t require email security codes and other security verifications for transaction confirmation.

a screenshot showing the list of recent withdrawals on Binance

3. Check your deposit on KuCoin

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The USDT deposit should be available in your KuCoin account (the address you’ve entered as the withdrawal address in Step 2) after a few network confirmations, which usually take about one minute. The deposit will be added to the Main Account and will be visible under your Deposit History. You can also check out the Tronscan block explorer to track the transaction on the TRON blockchain.

a screenshot showing KuCoin's deposit history

Additional information

VIDEO: How To Transfer USDT From Kucoin To Binance
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Now that you are familiar with how to send Binance to Kucoin, here is additional information to consider if you’re trying to transfer USDT or any other cryptocurrency between the two exchanges.

Binance account verification

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If you hold more than 0.06 BTC worth of cryptocurrency on your Binance account and you’d like to transfer them to another crypto exchange or your wallet, you’ll need to verify your identity (KYC). This also applies if you’re trying to transfer an amount of USDT that’s more valuable than 0.06 BTC.

If you want to learn how to verify your identity on Binance, we've prepared a guide you can check out here.

Why would you want to transfer crypto from Binance to Kucoin or another exchange?

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There are many reasons why you would want to move crypto assets between different exchanges, including:

  • Different exchanges list different cryptocurrencies
  • Some exchanges don’t offer all of their services to customers in certain jurisdictions
  • Taking advantage of opportunities like lending and staking
  • Arbitrage (this is typically viable only for professional traders)
  • KuCoin doesn't require users to complete KYC for daily trades amounting to 1 BTC or less

If you want to transfer USDT from Binance to other exchanges besides KuCoin, see guides below:

  • How to Transfer USDT from Binance to Bybit?
  • How to Transfer USDT from Binance to OKX?
  • How to Transfer USDT from Binance to Kraken?

Is transferring Tether and other cryptocurrencies from Binance to Kucoin safe?

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Transferring Tether (USDT) and other cryptocurrencies is safe as long as you make sure you’re using the proper network (blockchain) on both exchanges and that you inserted the correct deposit address associated with it. 

When transferring for the first time, we strongly suggest you select a smaller amount (for example, 10 USDT) before moving large sums. As always, check that you’re using the correct website (domain name and certificate) and use 2-factor authentication (2FA) as an additional layer of security.

Check our other guides to see how to transfer BTC and ETH from Binance to KuCoin:

  • How to Transfer Bitcoin (BTC) from Binance to KuCoin?
  • How to Transfer Ethereum (ETH) from Binance to KuCoin?

How much does it cost in fees to send USDT from Binance to KuCoin?

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The amount you'll be paying in fees to send USDT from Binance to KuCoin depends largely on which blockchain network you will be using. At the time of writing, KuCoin accepts USDT tokens on the following blockchain networks:

  • Ethereum
  • TRON
  • EOS
  • Algorand

It's important to understand that Binance does not support USDT tokens issued on the EOS and Algorand networks. Therefore, you can only send USDT from Binance to KuCoin on the Ethereum and TRON blockchain networks. Making sure that you are making the transaction on the right blockchain is very important, as your funds could be lost otherwise.

The transaction fees on the Ethereum blockchain can be very high, especially if the blockchain is congested - fees can easily spike above $10 per transaction. If you want to save money on fees, sending USDT on the TRON network is recommended. 

The bottom line: Transfering crypto from Binance to KuCoin is very simple and requires just a couple of clicks

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Transferring USDT from Binance to KuCoin shouldn’t be problematic as long as you follow a few precautions. The same basic concept also applies when transferring other cryptocurrencies between the two exchanges. Just make sure that both exchanges support the same asset on the same network (this is especially relevant for USDT, which is available on many different blockchains). Hopefully, this guide helped you move your USDT between exchanges!

If you are just starting out in crypto and feel overwhelmed by all the options and difficult hard to understand concepts, check out our in-depth guide on how to invest in cryptocurrency.

Sources


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