which network is usdt on binance

Binance supports USDT on various networks, including Binance Smart Chain (BSC), Ethereum (ERC-20), TRON (TRC-20), and Algorand (ALGO), providing users with flexibility and options for depositing and withdrawing their USDT.

Oct 24, 2024 at 06:53 pm

USDT Networks on Binance

USDT, or Tether, is a stablecoin pegged to the US dollar. It is one of the most popular cryptocurrencies in the world and is available on many different exchanges, including Binance.

Binance supports USDT on the following networks:

1. Binance Smart Chain (BSC)
2. Ethereum (ERC-20)
3. TRON (TRC-20)
4. Algorand (ALGO)

Choosing a USDT Network

When choosing a USDT network, there are a few factors to consider:

• Transaction fees: BSC is the cheapest network for USDT transactions, followed by TRC-20 and then ERC-20.
• Transaction speed: BSC and TRC-20 transactions are typically faster than ERC-20 transactions.
• Security: All of the networks supported by Binance are considered to be secure.

How to Deposit USDT to Binance

To deposit USDT to Binance, follow these steps:

1. Log in to your Binance account.
2. Click on the "Deposit" button.
3. Select "Crypto" from the drop-down menu.
4. Search for "USDT" and select the network you want to use.
5. Enter the amount of USDT you want to deposit.
6. Click on the "Submit" button.

How to Withdraw USDT from Binance

To withdraw USDT from Binance, follow these steps:

1. Log in to your Binance account.
2. Click on the "Withdraw" button.
3. Select "Crypto" from the drop-down menu.
4. Search for "USDT" and select the network you want to use.
5. Enter the amount of USDT you want to withdraw.
6. Enter the address of the wallet you want to withdraw to.
7. Click on the "Submit" button.