Binance is the most popular exchange for USDT BEP20 transactions. Whether you are depositing USDT to Binance or withdrawing to an external wallet, selecting the correct network (BEP20 / BSC) is critical to avoid loss of funds.
Depositing USDT BEP20 to Binance: Log into your Binance account and navigate to Wallet > Spot Wallet. Click "Deposit" and select USDT as the asset. In the Network dropdown, choose BEP20 (BSC). Copy the deposit address shown (0x format) and instruct the sender to use this address with the BEP20 network selected.
Withdrawing USDT BEP20 from Binance: Navigate to Wallet > Spot Wallet, click "Withdraw," and select USDT. Enter the recipient's BSC wallet address (0x format). In the Network dropdown, select BEP20 (BSC) — do not select ERC20 or TRC20 unless your destination wallet uses those networks. Enter the amount, confirm your 2FA, and submit.
BEP20 withdrawals from Binance typically process within minutes and cost a small fixed fee in USDT. This is substantially cheaper than ERC20 withdrawals, which carry higher fees due to Ethereum gas costs.
Binance also supports automatic BEP20 deposits and withdrawals for BNB Smart Chain (BSC), which means confirmed transactions are credited to your account quickly. You can verify any withdrawal by checking the TxHash on bscscan.com.
If you accidentally sent USDT via the wrong network to a Binance deposit address, contact Binance support immediately. In some cases, funds sent via an unsupported network can be recovered, but this is not guaranteed and may incur a recovery fee.