When depositing or withdrawing cryptocurrency on Binance, you'll be asked to select a transfer network. Choosing the wrong network could mean losing your coins permanently. This is a very important issue that many beginners overlook. Register on Binance first, then download the Binance APP and follow this article to understand how to choose.
Why Do You Need to Choose a Network?
The same coin can exist on multiple blockchain networks. For example, USDT exists simultaneously on Ethereum, TRON, BSC, and other chains. Different networks have different transfer speeds and fees.
Common Transfer Networks
ERC20 (Ethereum Network)
- The oldest network with high security
- Higher fees — transferring USDT may cost several to over ten dollars
- Medium arrival speed, typically a few minutes to over ten minutes
TRC20 (TRON Network)
- Very low fees, usually around 1 USDT or even free
- Fast arrival time, typically a few minutes
- Currently the most commonly used network for USDT transfers
BEP20 (BSC / BNB Smart Chain)
- Binance's own chain with low fees
- Fast arrival time
- Ideal for transfers within the Binance ecosystem
SOL (Solana Network)
- Fast speed with extremely low fees
- Supported by some coins
How to Choose
Rule 1: Both Sides Must Use the Same Network
This is the most important rule. The network you send from must match the receiving side's network. For example, if you're sending USDT from another exchange via TRC20 to Binance, you must select the TRC20 address on Binance's deposit page.
Rule 2: Consider the Fees
For USDT transfers, TRC20 is usually the most economical choice with the lowest fees.
Rule 3: Check What Networks the Other Side Supports
Not all platforms support all networks. Before transferring, confirm that the receiving side supports your chosen network.
What If You Choose the Wrong Network?
If the Address Format Is Wrong
Usually the system will flag the address as invalid and won't let you submit — no need to worry in this case.
If You Sent to the Wrong Chain
This is more troublesome. The coins were sent but the recipient's account didn't receive them. You'll need to contact customer support to see if recovery is possible. In some cases the coins can be recovered; in others, they may be lost.
Practical Tips
- Test with a small amount before large transfers: Send 1-2 USDT first to confirm arrival, then transfer the larger amount
- Double-check the address: After copy-pasting, verify the first and last few characters — don't type addresses manually
- Screenshot and save transaction records: In case something goes wrong, you'll have evidence
Choosing the transfer network may seem like a small setting, but the consequences of getting it wrong are serious. Taking a few seconds to confirm the network before each transfer is a very worthwhile habit.