Gone are the days when crypto enthusiasts had to rely solely on exchange platforms to hold their digital assets. Many now prefer the empowerment and security of managing their crypto in self-custody wallets.
This guide focuses on iOS users and walks you through the step-by-step process of transferring your USDT from Binance to your chosen self-custody wallet, applicable to both the Lite and Pro interfaces within the Binance iOS app.
Ready to gain control of your USDT on your iPhone or iPad? Let’s dive in!
Transferring USDT to another wallet using the Binance iOS Lite
To transfer USDT from Binance to another wallet in the iOS Lite interface, follow the steps below:
Step 1: Prepare Your Wallets
- Open both your sending and receiving wallet apps. Ensure USDT is enabled within your receiving wallet.
- Locate your USDT balance in the sending wallet (Binance).
Step 2: Copy the Receiving Address
- On your receiving wallet app, locate the USDT address and copy it entirely. This address acts like your bank account number, so ensure you copy it accurately.
Step 3: Initiate Withdrawal on Binance
- Open the Binance app and tap “Wallet”. This will take you to your Binance wallet overview.
- Select “Spot” and find “Tether (USDT)“. Here, you’ll see your USDT holdings within the Binance Spot wallet.
- Tap “Withdraw” to initiate the USDT transfer process.
Step 4: Complete the Withdrawal process
- Paste the copied USDT address into “Recipient Address” field. Double-check to ensure you’ve copied and pasted the address correctly.
- Next, select the appropriate network. This is an important step! Choose the same network that your receiving wallet supports for USDT. Common options include BEP20, ERC20, etc. Selecting an incompatible network can result in lost funds.
- Enter the amount of USDT you wish to transfer and review the withdrawal details carefully before confirming. This includes the recipient address, network selection, and transfer amount.
Step 5: Verifying and Finalizing the Transaction
- Complete the 2FA verification via authentication code or email verification.
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- Tap “Withdraw” to finalize the transaction. Once you’ve confirmed everything and completed 2FA, proceed with the withdrawal.
Step 6: Confirm transaction
- You can track the transaction progress within your Binance app. The app will usually display the status of your USDT transfer.
- Once complete, verify the USDT balance in your receiving wallet app. It might take some time for the transfer to be reflected in your receiving wallet, depending on the chosen network.
How to Send USDT to another wallet using the Binance iOS Pro
The steps for transferring USDT using Binance Pro are very similar to the Lite interface.
On Binance home page, tap on the Wallets icon and switch to the [Spot] tab.
Step 2: Withdraw USDT
From the Spot tab, click on [Withdraw], then search for the Tether USDT coin. You will see how much USDT you have left.
When you tap on the selected coin, a popup will give you two withdrawal prompts. Select the [Send via Crypto Network] option.
Step 3: Enter the amount of USDT
Fill in the amount of USDT you want to withdraw.
Note: Make sure to confirm that the recieving wallet is compatible with the network you selected as Binance will automatically match the wallet address you add to the corresponding network
Step 4: Send USDT to wallet
Proceed to hit withdraw. Depending on the two factor authentication you have in place, you will be asked to enter it and possibly an email verification as well.
Complete the 2FA verification process and click [Submit] to complete the transaction.
Step 5: Confirm transaction
That’s it! You can now go to your recipient wallet app and check your USDT balance. If you tap on USDT, you will also be able to see all recent transfers.
Transfering USDT from Binance to another wallet is a straight-forward process both on Binance Lite and Binance Pro:
Here are 5 steps to transfer USDT from Binance to another wallet
- Select the appropriate network on your reciepient wallet of choice.
- Copy the wallet address from your the same wallet.
- Select USDT and proceed to withdraw on Binance.
- Enter the transaction details and withdraw the USDT using your preferred network.
- Confirm the transaction in your recipient wallet.
This concept applies equally when transferring other cryptocurrencies between exchanges. The key thing is ensuring both platforms support the specific asset on the same network. This is particularly important for USDT, as it exists on multiple blockchains.
Happy exchange!