How to Send and Receive USDT on Crypto Exchange

USDT is one of the most widely used stablecoins in the crypto market, commonly used for trading, payments, and transferring value between platforms. Understanding how to send and receive USDT on a crypto exchange is essential to avoid mistakes such as lost funds or delayed transactions.

This guide explains how USDT transfers work, how to choose the correct blockchain network, and how to safely send and receive USDT on centralized crypto exchanges.

Key Takeaways

• Sending and receiving USDT requires selecting the correct blockchain network on both platforms.

• Most exchanges require users to generate a deposit address to receive USDT and use the withdraw feature to send it.

• Network mismatch errors can result in permanent loss of funds and must be avoided.

For more in-depth crypto market updates and predictions, check out the latest posts on the Bitrue blog — or explore trading directly on Bitrue’s platform.

How USDT Transfers Work on Crypto Exchanges

USDT exists on multiple blockchain networks such as TRC20, ERC20, and BEP20. When transferring USDT between exchanges or wallets, both the sender and receiver must use the same network.

A typical transfer process involves two main actions. Receiving USDT by generating a deposit address and sending USDT by withdrawing it to another address.

READ ALSO: Buying USDT on Bitrue When Bank Transfer Methods are Difficult

How to Receive USDT on a Crypto Exchange

To receive USDT on a crypto exchange, users must generate a deposit address linked to a specific blockchain network.

• Log in to your exchange account, for example Bitrue

• Go to the Assets or Wallet section

• Select Deposit or Deposit Crypto

• Choose USDT as the asset

• Select the blockchain network carefully

• Copy the generated deposit address or QR code

Share this address with the sender. Only USDT sent using the selected network will be credited successfully.

Create a Bitrue account to send, receive, and trade USDT easily using multiple supported blockchain networks on a secure crypto exchange.

How to Send USDT from a Crypto Exchange

Sending USDT requires entering the recipient’s address and selecting the correct network.

• Log in to your exchange or wallet

• Navigate to Withdraw or Transfer

• Select USDT

• Paste the recipient’s deposit address

• Select the same network used by the recipient

• Enter the amount and confirm the transaction

Most platforms require additional security verification such as two factor authentication before processing the withdrawal.

Choosing the Right USDT Network

Different USDT networks have different characteristics.

• TRC20 is known for low fees and fast processing

• ERC20 offers strong security but higher fees

• BEP20 provides fast transfers within the BNB ecosystem

Always confirm which network the receiving platform supports before sending USDT.

Fees and Transfer Time

USDT transfer fees vary by network and exchange.

• TRC20 generally has lower fees and faster confirmation

• ERC20 usually has higher gas fees and slower processing

• BEP20 fees are moderate and depend on network congestion

Most transfers are completed within minutes, but delays can occur during high network activity.

How to Convert USDT to Fiat and Withdraw to a Bank Account

USDT cannot be sent directly to a bank account. Users must first convert it to fiat currency through a supported exchange.

• Deposit USDT into a centralized exchange

• Sell USDT for local fiat currency

• Link and verify your bank account 

• Withdraw fiat funds to your bank

Processing times for bank withdrawals typically range from one to five business days.

READ ALSO: Stablecoin Adoption: How Volume Is Increasing

Conclusion

Knowing how to send and receive USDT on a crypto exchange is a fundamental skill for anyone using digital assets. By selecting the correct network, verifying addresses carefully, and understanding fees and processing times, users can transfer USDT safely and efficiently.

USDT remains a key asset for trading, transferring value, and converting crypto into fiat. Following the correct steps ensures smooth transactions and helps avoid costly errors.

FAQ

How long does it take to send USDT between exchanges

Most transfers are completed within minutes, depending on the selected network and exchange processing time.

Can I send USDT using different networks

No, the sending and receiving platforms must use the same network or funds may be lost permanently.

Is KYC required to send or receive USDT

Receiving USDT usually does not require KYC, but sending or withdrawing USDT often requires identity verification.

What is the cheapest network for transferring USDT

TRC20 is generally the cheapest and fastest option on most exchanges.

Can I send USDT directly to my bank account

No, USDT must first be converted to fiat currency on a supported exchange before withdrawing to a bank account.

Disclaimer: Access to Bitrue services may be limited in some regions due to IP based restrictions. Users from certain locations may experience limited functionality even if their country is not restricted for KYC.