How to Send USDT From Binance or Bybit to Another Wallet

Funmilayo keeps her trading balance on an exchange, and today she needs 400 USDT of it somewhere else: half to her own Trust Wallet, half to KWIQ to sell for rent. She opens the exchange app, taps Withdraw, and is met by a screen asking her to choose between "on-chain" and "internal", then a list of networks with names she half recognises, then a fee.

None of it is hard, but each choice matters. This guide goes through them in order. Exchanges redesign their apps often, so the button names on yours may differ slightly; the decisions are the same on any exchange.

On-chain withdrawal or internal transfer?

Most large exchanges offer two ways to send USDT out of your account:

	On-chain withdrawal	Internal transfer
Where it can go	Any wallet address on the network you pick	Only to another user of the same exchange
How you address it	A wallet address and a network	Usually the person's email, phone number or user ID
Does it touch the blockchain?	Yes, and you get a transaction ID	No, it moves inside the exchange's own records
Fee	A withdrawal fee shown on the screen	Often none, but check

Sending to Trust Wallet, KWIQ, or a friend on a different exchange means an on-chain withdrawal. Internal transfers are only for someone on the same exchange, and if you use one by mistake for an outside address, it simply won't work.

Step by step

1. Get the receiving address and its network first. From KWIQ: open the USDT wallet, copy the deposit address and note the network shown. From Trust Wallet: tap the USDT with the right network label, then Receive. From a friend: ask for both, in writing.
2. On the exchange, open the USDT withdrawal. It's usually under your wallet or assets, as Withdraw or Send. Choose USDT and the on-chain option.
3. Paste the address. Then check the first and last five characters against the original.
4. Choose the network. Pick exactly the one the receiver gave you. Some exchanges suggest networks that match the address format, which helps, but a 0x address fits both BEP20 and ERC20, so the choice is still yours to get right.
5. Memo: only if the receiver showed one. USDT on TRON and BNB Smart Chain rarely needs a memo. If the receiving deposit page shows one, copy it exactly; if it doesn't, leave the field empty. Memo, tag or destination tag explains when it matters.
6. Enter the amount and read the fee. The screen shows the withdrawal fee and the amount that will actually arrive. Make sure the arriving amount is what you intend, especially if the receiver expects an exact figure.
7. Verify. Exchanges ask for one or more codes (email, SMS or an authenticator app) before releasing a withdrawal. Never read these codes out to anyone who calls or messages you.
8. Confirm and keep the transaction ID. It appears in the withdrawal history once the exchange sends the transfer.

For a new address, withdraw a small test amount first and wait for it to arrive. Withdrawal fees are usually flat per transfer, so the test costs one extra fee, which is worth paying.

Choosing the network: the step that loses money

The network decides which blockchain carries your USDT. If the receiving address is watched on TRON and you send on BNB Smart Chain, the coins don't arrive where the receiver is looking. Sometimes they can be recovered, often they can't.

Three rules keep you safe:

• The receiver chooses, not the fee. A cheaper network is no saving if the receiver doesn't accept it.
• If the receiver's network isn't in the exchange's list, stop. Ask them for an address on a network both sides support. Don't pick the "closest" one.
• TRC20 for TRON addresses (starting with T), BEP20 or ERC20 for 0x addresses, exactly as the receiver says.

Our guide to USDT networks explains the differences, and if it has already gone wrong, see sent crypto to the wrong network.

Why a withdrawal might wait

A withdrawal that says "processing" or "pending" and has no transaction ID yet hasn't left the exchange. Common reasons:

• Security holds. Many exchanges pause withdrawals for a while after you change your password, phone number, email or two-factor settings, or log in from a new device.
• A new address. If you use an address book or allow-list, a new address may need adding and waiting before it can be used.
• A review. Large or unusual withdrawals can be checked by the exchange before they're sent.
• Network maintenance. Exchanges sometimes pause one network's withdrawals while the others keep working.

Once there's a transaction ID, the exchange has done its part, and the rest is the blockchain confirming it. Blockchain confirmations explained covers that stage.

Tracking it on the explorer

Copy the transaction ID from your withdrawal history and paste it into Tronscan for TRC20 or BscScan for BEP20, or into our USDT transaction checker. Check that the status is confirmed, the token is genuine Tether USDT, the amount matches and the "to" address is the one you were given. How to check a USDT transfer walks through each check.

Sending to KWIQ to sell for naira

If the wallet you're sending to is your KWIQ wallet, the withdrawal is step one of cashing out:

1. In KWIQ, copy the USDT deposit address and note the network.
2. Withdraw on-chain from the exchange on that network.
3. When the deposit is confirmed, sell it for naira. Crypto-to-naira swaps on KWIQ have zero fees, and the app shows the naira amount before you confirm.
4. Withdraw to any Nigerian bank account, or to a fintech account like OPay.

The full guides are Binance to Nigerian bank and Bybit to Nigerian bank, and today's rate is on the USDT to naira rate page. Moving USDT the other way, from your own wallet? See how to send USDT from Trust Wallet.

Withdraw with confidence

On-chain, the receiver's network, a test amount for new addresses, and the transaction ID saved: that's every withdrawal done right. When you want the naira, download the KWIQ app, or create a free account on the web if your phone is short on storage.