How to Make Internal Transfers on Binance? Send Crypto to Friends

On Binance, you can easily transfer cryptocurrencies to your friends. If the other party is also a Binance user, transfers between you are instant and completely free of charge. This is much more convenient and cheaper than withdrawing to the blockchain and then transferring. This article will teach you step-by-step how to complete internal transfers on Binance. Before operating, please confirm that you have completed registration on the Binance official website and downloaded and installed the Binance official app. If you are an Apple phone user, you can refer to the iOS install guide to install the app.

What is Binance Internal Transfer

Binance internal transfer means moving cryptocurrencies from one Binance account to another Binance account within the Binance platform. Because it doesn't need to go through the blockchain network, it features:

• Zero Fees: No matter how much you transfer, there are no fees
• Instant Arrival: It basically arrives in the recipient's account instantly
• No Minimum Amount Limit: You can transfer as little as 0.01 USDT
• Supports All Coins: Any cryptocurrency supported by Binance can be transferred internally

Difference Between Internal Transfer and On-Chain Transfer (Withdrawal)

Many beginners confuse internal transfers with on-chain transfers:

• Internal Transfer: Can only be sent to Binance users, free and instant
• On-Chain Transfer (Withdrawal): Can be sent to any wallet address, requires paying a network fee (gas fee), and arrival time depends on the blockchain's confirmation speed

If both you and your friend use Binance, always prioritize internal transfers.

Ways to Make Internal Transfers on Binance

Binance provides multiple ways for internal transfers, suitable for different scenarios:

Method 1: Transfer via Phone Number/Email

This is the most convenient method; you just need to know the phone number or email the other person used to register their Binance account.

Steps:

1. Open the Binance App
2. Tap "Wallets" on the homepage
3. Find and tap "Transfer"
4. Select "Internal Transfer"
5. Enter the recipient's phone number or email
6. Select the coin you want to transfer (e.g., USDT)
7. Enter the transfer amount
8. Confirm the transfer details
9. Complete the security verification (SMS code/Google Authenticator)
10. The transfer is complete

Method 2: Transfer via UID

Every Binance user has a unique UID (User ID). If the other party prefers not to provide their phone number or email, you can transfer using their UID.

Steps:

1. Ask the recipient to find their UID in the profile center of the Binance App
2. Open your Binance App
3. Go to "Wallets" -> "Transfer" -> "Internal Transfer"
4. Switch to the "UID" input mode
5. Enter the recipient's UID
6. Select the coin and amount
7. Confirm and complete security verification

Method 3: Transfer via Binance Pay

Binance Pay is a payment feature introduced by Binance that can be used to transfer funds to other Binance users, similar to WeChat Pay.

Steps:

1. Open the Binance App
2. Tap "Pay" on the homepage
3. Select "Send"
4. Enter the recipient's Binance Pay ID, phone number, or email
5. Select the coin and amount
6. You can add an optional note
7. Confirm and send

Binance Pay also supports QR code payments; the recipient can generate a receiving QR code, and you can just scan it to transfer.

Method 4: Through the Red Packet Feature

Binance has a feature similar to WeChat Red Packets, allowing you to create crypto red packets to send to friends:

1. Open the Binance App
2. Find the "Red Packet" feature
3. Select "Create Red Packet"
4. Select the coin and amount
5. Set the red packet type (Fixed or Random)
6. Set the number of red packets
7. Generate the red packet link
8. Send the link to your friends

When your friends open the link and log into Binance, they can claim the red packet.

How to Check the Recipient's Payment Info

If you are unsure whether your friend's phone number or email is linked to Binance, you can ask them to find their receiving information in the App:

Find the UID

1. Open the Binance App
2. Tap the profile icon in the top left corner
3. The UID is displayed below the username
4. Long press to copy

Generate a Receiving QR Code

1. Open Binance Pay
2. Select "Receive"
3. Set the receiving coin and amount
4. Generate the receiving QR code
5. Take a screenshot and send it to the person making the transfer

Security Checks Before Transferring

Confirm the Recipient's Identity

Before transferring, be sure to confirm the recipient's identity. Common scams include:

• Pretending to be your friend and asking you to transfer coins
• Claiming to be customer service and asking you to transfer to a specific account
• Luring you with high returns to transfer a sum of crypto first

Verify Transfer Details

After entering the recipient's information, the system will display partial information of the recipient (e.g., hiding part of the phone number or email). Be sure to double-check carefully to confirm it is the right person.

Small Test Transfer

If it's your first time transferring to someone, it's recommended to transfer a small amount (like 1 USDT) as a test first, and only transfer the larger amount after confirming the other party has received it.

Transfer Limits and Rules

Transfer Limits

Binance's internal transfer limits depend on your verification level and account status:

• Basic verified users have a daily transfer limit
• Advanced verified users have higher limits
• Specific limits can be viewed in the App's "Security" settings

Supported Coins

Almost all coins listed on Binance support internal transfers, including but not limited to:

• USDT, USDC (Stablecoins)
• BTC, ETH (Major coins)
• BNB (Binance Coin)
• Various other altcoins

What If I Make a Mistake?

Once an internal transfer is completed, it cannot be automatically reversed. If you made a mistake:

• Contact the recipient immediately and request a return
• If you cannot reach the recipient, contact Binance customer support for assistance
• It may take some time for Binance customer support to process

Therefore, always double-check the information before transferring.

Batch Transfers

If you need to transfer to multiple people, you can consider using the Red Packet feature or do it one by one. Currently, the Binance App does not support bulk operations to send different amounts to multiple different accounts at once.

If you have a need for frequent transfers, it is recommended to:

• Add frequent recipients to your transfer history for easier future operations
• Use the friends feature in Binance Pay to add frequent contacts
• Save their UIDs for quick transfers

How to Check Received Transfers

When you receive a transfer from someone else:

1. The App will push a notification (if notification permissions are enabled)
2. You can see the balance change on the "Wallets" page
3. You can view transfer details in the "Transaction History"
4. Including the sender's info, amount, time, etc.

Frequently Asked Questions (FAQ)

Are there fees for Binance internal transfers?

No. Internal transfers are completely free, regardless of the coin or the amount.

Can internal transfers be frozen?

Normal internal transfers will not be frozen. However, if there is suspicious trading behavior, Binance's risk control system may temporarily freeze and review it.

What if the recipient didn't receive the transfer?

First, confirm whether your transfer was successful (check your transaction history). If it shows success on your end but the recipient didn't get it, they might be checking the wrong wallet (e.g., the coins are in the Funding Wallet instead of the Spot Wallet). If there is indeed an issue, contact Binance customer service.

Can I transfer to Binance users in different countries?

Yes. Binance internal transfers are not restricted by region, as long as the other party is a registered Binance user.

How can non-Binance users receive a transfer?

Non-Binance users need to register a Binance account first to receive internal transfers. You can send your referral link to them; if they register through your link, you will also earn commission rebates.

Is there a record of internal transfers? Do I need it for taxes?

There is a complete transfer record. You can see all incoming and outgoing records in the "Transaction History". Whether you need to report taxes depends on the regulations in your region; it is recommended to keep transfer records for reference.