Transferring cryptocurrency between exchanges is a common task for traders and investors. This guide walks you through the entire process of moving your assets from Binance to BitoPro, one of Taiwan’s regulated virtual currency platforms.
We’ll use USDT transferred via the BEP20 network as our example, but the process is similar for other cryptocurrencies and blockchain networks. Always remember: accuracy is critical in crypto transfers to avoid permanent loss.
Understanding BitoPro and Binance
BitoPro is a cryptocurrency exchange operated by BitoEX Co., Ltd. Established in 2014, it is a regulated platform that complies with anti-money laundering regulations and is a member of the Virtual Currency Industry Association. The exchange supports over 20 currencies, 39 trading pairs, and offers services like over-the-counter purchases and fiat currency exchange, serving more than 800,000 registered users.
Binance is one of the world's largest global cryptocurrency exchanges by trading volume, providing a wide range of crypto trading services to over 200 million users.
This article focuses on the on-chain transfer process between these two platforms.
Important Disclaimer: This article shares operational steps for educational purposes only. It is not investment advice. Cryptocurrency investments carry high risk. Always conduct your own research and exercise caution before making any financial decisions.
Before You Begin: Critical Safety Tips
On-chain cryptocurrency transfers require precision. Two factors are paramount:
- Correct Deposit Address: Always use the exact wallet address provided by your receiving exchange.
- Matching Network (Chain): The network you select for withdrawal (e.g., BEP20, TRC20, ERC20) must be identical to the network specified by the receiving exchange.
Failure to adhere to either of these points can result in the irreversible loss of your funds. Double-check every detail before confirming any transaction.
Step 1: Locate Your BitoPro Deposit Address
- Open the BitoPro app and log into your account.
- Navigate to the 【Professional】 section.
- Scroll down and tap on the 【Assets】 icon.
- On the next screen, select the 【Deposit】 button.
Step 2: Select the Currency and Network
- Choose the cryptocurrency you wish to deposit. For this guide, we are using USDT.
- Select the deposit network. This example uses the BEP20 network. Other common options for USDT include TRC20 or ERC20.
- Crucial: The chosen network must be compatible with the withdrawal network on Binance.
Step 3: Copy the Deposit Address
BitoPro will display a wallet address and a corresponding QR code.
- Carefully tap the 【Copy】 icon to copy the full wallet address.
- Alternatively, you can scan the QR code from your Binance app if you are using two devices.
This is your unique destination address for this specific currency and network on BitoPro.
Step 4: Access the Withdrawal Function on Binance
- Log in to your Binance account (via app or website).
- Tap on the 【Funds】 icon at the bottom of the screen.
- On the Wallet page, select 【Withdraw】.
Step 5: Choose the Cryptocurrency to Withdraw
- In the withdrawal menu, select the cryptocurrency you are sending. In our case, choose USDT.
- When prompted for a withdrawal method, select 【Send via Crypto Network】.
Step 6: Paste the Address, Select Network, and Enter Amount
This is the most critical step.
- Paste the Address: In the recipient address field, paste the BitoPro deposit address you copied in Step 3.
- Select the Network: Choose the withdrawal network. It must match the BitoPro deposit network exactly. For BEP20, this is often listed as BNB Smart Chain (BEP20).
- Enter Amount: Input the amount of USDT you wish to transfer.
- Review all details meticulously. 👉 Verify network compatibility guides here for an added layer of security before proceeding.
- Click the 【Withdraw】 button.
Step 7: Confirm the Withdrawal Order
Binance will show a summary of the transaction. Verify that the address, network, and amount are all correct. Confirm any security verifications (2FA, email confirmation) and finalize the withdrawal.
Step 8: Confirm Receipt in BitoPro
The transfer will take a few minutes to process, depending on network congestion.
- Return to the BitoPro app.
- Go to 【Professional】 > 【Assets】 > 【History】 > 【Deposit History】.
- You will see your transaction listed as "Processing" initially, which will change to "Completed" once the funds are successfully deposited into your BitoPro wallet.
Frequently Asked Questions
Q: What happens if I send funds using the wrong network?
A: Sending crypto on a network that the receiving exchange does not support can lead to permanent loss of funds. The transaction may be irretrievable. Always ensure the networks match on both ends.
Q: How long does a transfer between exchanges usually take?
A: Transfer times vary based on blockchain network congestion. Transfers on networks like BEP20 or TRC20 typically take 2-5 minutes. ERC20 (Ethereum) transfers can take longer during periods of high traffic.
Q: Are there fees for transferring crypto from Binance to BitoPro?
A: Yes, Binance charges a withdrawal fee, which varies depending on the cryptocurrency and network you use. BitoPro generally does not charge a fee for depositing funds onto their platform, but always check the latest fee schedules on both exchanges.
Q: Can I use this same process to transfer from other exchanges to BitoPro?
A: Absolutely. The fundamental process is universal: obtain the deposit address and network from BitoPro, then initiate a withdrawal from your sending exchange using that same address and network.
Q: Is BitoPro a safe and regulated exchange?
A: BitoPro is a regulated entity under Taiwanese supervision, has completed anti-money laundering declarations, and is a member of a virtual currency industry association. However, all crypto investments carry inherent risk.
Q: What should I do if my deposit doesn’t show up after a long time?
A: First, check the transaction status (TXID) on a blockchain explorer using the details provided by Binance. If it shows as confirmed on the blockchain, contact BitoPro's customer support with your transaction details for assistance.