Within the Binance ecosystem, users can transfer funds to each other for free without going through the blockchain or paying any gas fees. This is faster and cheaper than on-chain transfers. Binance offers several internal transfer methods, including Binance Pay and email/phone transfers. Sign up on Binance to start using these convenient transfer features.
Binance Pay Transfer (Recommended)
What Is Binance Pay
Binance Pay is a crypto payment and transfer tool launched by Binance. With Binance Pay, you can send crypto to other Binance users for free. Transfers are instant and completely fee-free.
Steps
Step 1: Open the Binance App and find the "Binance Pay" or "Pay" entry on the home page
Step 2: Select "Send"
Step 3: Enter the recipient's information. You can find them via:
- Binance Pay ID
- Phone number
- Email address
- Scanning their payment QR code
Step 4: Select the token to send (e.g., USDT, BTC)
Step 5: Enter the amount to send
Step 6: Optionally add a note
Step 7: Confirm the transfer, enter your security verification code, and you are done
Binance Pay Features
- Instant: Arrives almost immediately
- Zero fees: Completely free
- Multi-token support: Send any cryptocurrency
- Security verification: Identity verification required when sending
Download the Binance App to use Binance Pay for free transfers.
Transfer via Email or Phone Number
How It Works
If you know the recipient's email or phone number linked to their Binance account, you can transfer directly using that information:
- Go to "Wallet" > "Withdraw"
- Select a token
- Under withdrawal method, choose "Send to Binance User" or "Internal Transfer"
- Enter the recipient's email or phone number
- The system will recognize it as an internal Binance transfer
- Confirm the details and send
This method is also fee-free and instant.
Transfer via UID
What Is a UID
A UID is the unique identification number assigned to every Binance user. You can find your own UID on the profile page in the app.
How It Works
- Get the recipient's Binance UID
- Enter the UID on the transfer page
- The system verifies the user associated with the UID
- Confirm the transfer
Transfers Between Your Own Binance Accounts
In addition to sending funds to other users, you will often need to move funds between your own Binance sub-accounts.
Common Transfer Scenarios
- Spot Account to Futures Account: Required before futures trading
- Futures Account to Spot Account: To move profits back after futures trading
- Spot Account to Earn Account: To subscribe to earn products
- Funding Account to Spot Account: To move funds after a P2P purchase to your spot wallet
Transfer Steps
Step 1: Tap "Wallet" > "Transfer"
Step 2: Select the source and destination accounts
Step 3: Select the token
Step 4: Enter the transfer amount
Step 5: Confirm the transfer
Internal transfers are instant and completely free.
Internal Transfer vs. On-Chain Transfer
Internal Transfer (Recommended for Binance Users)
- Zero fees
- Instant arrival
- No blockchain confirmations needed
- Only works between Binance users
- No record on the blockchain
On-Chain Transfer (For Non-Binance Users)
- Requires gas/miner fees
- Arrival time depends on network confirmation speed
- Can transfer to any wallet address
- Public record on the blockchain
- Must select the correct network
If you confirm the recipient is also a Binance user, internal transfer is strongly recommended -- it saves money and is much faster.
Transfer Security Tips
Verify the Recipient
Always confirm the recipient's identity before transferring. When using Binance Pay, the system displays partial account information (such as the recipient's nickname) so you can verify it is the right person.
Send a Test Amount
When transferring to someone for the first time, send a small test amount first to confirm they receive it before sending a larger sum.
Double-Check Everything
Before confirming a transfer, verify:
- The token is correct
- The amount is correct
- The recipient information is correct
Do Not Transfer to Strangers
Never send funds to people you do not know. In particular, if someone claims they can "invest for you" or offers "risk-free arbitrage," it is almost certainly a scam.
Transfer Limits
Binance internal transfers may have daily limits, which depend on your KYC verification level and account security settings. Completing advanced KYC verification gives you higher transfer limits.
Sign up on Binance and complete verification to enjoy higher transfer limits.
FAQ
Are Binance internal transfers really free?
Yes. Transfers between Binance users via Binance Pay or the internal transfer feature are completely free with no charges.
Is there a minimum transfer amount?
There is a very low minimum, typically just a few dollars. Check the transfer page for the exact minimum at the time of the transaction.
Can I get a refund if I send to the wrong person?
If you send to the wrong Binance user, you will need to contact that person to negotiate a return. Binance support may assist in certain situations, but recovery is not guaranteed.
Can non-Binance users receive Binance Pay transfers?
No. The recipient must also be a registered Binance user. If they are not, you will need to use an on-chain transfer instead. Download the Binance App and invite friends to sign up so you can transfer to each other for free.
Safety Tips
- Do not transfer funds to strangers -- do not trust "investment" scams
- Carefully verify the recipient's information before transferring
- Send a small test amount before large transfers
- Keep records and screenshots of your transfers
- If someone asks you to transfer to a specific account, verify the legitimacy first