As one of the largest cryptocurrency exchanges globally, Binance provides a secure platform for trading USDT (Tether) and other digital assets. This guide covers account registration, KYC verification, deposit methods, trading pairs, fee structures, and security features.
Step-by-Step Guide to Trading USDT on Binance
1. Access Binance Platform
Download the Binance app from the Google Play Store or visit the official website. Log in to your existing account or proceed to register.
2. Create a Binance Account
Registration requires:
- Full name (matching government-issued ID)
- Email address
- Residential address
- Agreement to Terms of Service and Privacy Policy
No physical documents or wet signatures are needed—the entire process is digital.
3. Complete KYC Verification
Mandatory steps:
- Upload clear photos of your ID (passport, driver's license, or national ID)
- Submit a selfie with randomized facial movements for liveness check
- Wait 1–3 business days for approval
Pro Tip: Ensure your ID details match exactly with registration data. Blurred images or mismatched information cause verification failures.
4. Deposit Funds
Binance accepts crypto deposits only. Two primary methods:
Method A: Crypto Transfer
- Buy USDT on local exchanges (e.g., Indodax, TokoCrypto)
- Send USDT to your Binance wallet address via blockchain
- Confirm transaction via blockchain explorer
Method B: P2P Trading
- Navigate to Binance P2P section
- Select "Buy USDT" with IDR (Indonesian Rupiah)
- Choose sellers offering competitive rates
- Transfer fiat to the seller's bank account
- Receive USDT in your Binance wallet
👉 Best practices for secure P2P trading
5. Select Trading Pairs
Popular USDT pairs:
- USDT/BTC (Tether vs Bitcoin)
- USDT/ETH (Tether vs Ethereum)
- USDT/BNB (Tether vs Binance Coin)
Beginners should start with USDT/BTC due to its high liquidity.
6. Order Types Explained
| Order Type | Execution | Fee Structure |
|---|---|---|
| Limit (Maker) | Waits for matching price | 0% fee |
| Market (Taker) | Instant execution | 0.1%–0.3% fee |
| Stop-Limit | Triggers at preset price | Variable fees |
7. Minimum Transaction Thresholds
- Minimum trade: ~100,000 IDR (~$6.50 USD)
- Minimum withdrawal amounts vary by cryptocurrency
8. Execute USDT Trades
Buying USDT:
- Navigate to "Trade" → "Spot Trading"
- Select USDT pair
- Enter amount and price (for limit orders)
- Confirm order
Selling USDT:
- Choose "Sell" in your wallet
- Select payment method (crypto or fiat)
- Review transaction details
- Submit order
9. Withdraw Funds
Process:
- Navigate to "Wallet" → "Withdraw"
- Select cryptocurrency or fiat option
- Enter withdrawal address/account details
- Confirm via 2FA authentication
Withdrawal processing: 10 minutes to 24 hours. Fees apply based on network conditions.
10. Fee Structure Overview
| Transaction Type | Fee Range |
|---|---|
| Trading (Maker) | 0% |
| Trading (Taker) | 0.1%–0.3% |
| Crypto Withdrawal | Network-dependent |
| P2P Trading | Free (sellers may charge premiums) |
11. Transferring USDT Between Wallets
- Go to "Wallet" → "Deposit/Withdraw"
- Select USDT and network (ERC-20, TRC-20, BEP-20)
- Enter destination wallet address
- Confirm transaction
Note: Always verify wallet addresses—crypto transactions are irreversible.
12. Wallet Security Best Practices
- Enable 2FA (Google Authenticator recommended)
- Use whitelisted withdrawal addresses
- Store large holdings in cold wallets
- Regularly audit API permissions
👉 Advanced security measures for crypto traders
13. Trading Analysis Tools
Binance provides:
- Real-time candlestick charts with technical indicators
- Order book depth visualization
- OCO (One-Cancels-Other) orders for risk management
- Margin trading for advanced strategies
Frequently Asked Questions
Is Binance safe for USDT transactions?
Yes, Binance implements enterprise-grade security including:
- SAFU (Secure Asset Fund for Users) insurance
- End-to-end encryption
- Mandatory 2FA for withdrawals
How long does KYC verification take?
Typically 24–72 hours. Delays occur if documents are unclear or information mismatches.
What's the cheapest way to buy USDT?
P2P trading often offers better rates than direct purchases, especially for large volumes.
Can I withdraw USDT to my bank account?
Yes, via:
- P2P selling (convert USDT to fiat)
- Third-party payment processors
- Crypto-friendly banks
Why is my withdrawal pending?
Binance processes withdrawals in batches. Network congestion or security reviews may cause delays.
What are Binance's trading hours?
Cryptocurrency markets operate 24/7, including weekends and holidays.
Disclaimer: Cryptocurrency trading involves risk. This content is for educational purposes only and does not constitute financial advice.