How Long Does It Take to Transfer Tether (USDT)?

How Long Does It Take to Transfer Tether (USDT)?

This article provides a description of the steps involved in transferring Tether (USDT) from one cryptocurrency platform to another. If you are interested in trading crypto, the information here could be useful to you.

Of course, in order to trade this coin you will first need to obtain a Tether (USDT) wallet.


The cryptocurrency market provides users and investors with a large number of different ways to carry out financial transactions. For example, users can instantly purchase a promising project token or pay with digital coins for some services and goods.

Nonetheless, the cryptocurrency market is still largely attached to the fiat system. Despite the fact that every day more and more people want and are ready to use crypto as a full-fledged means of payment, the position of classic money remains strong. Moreover, the versatility of the crypto industry allows investors to transact and still stay in touch with fiat currencies like the US dollar. Stablecoins play a key role in this relationship.

The largest stablecoin in terms of transaction volume is USDT. Investors use it as their main asset. This is because they can convert it into any necessary cryptocurrency in a matter of minutes. Additionally, this coin allows you to wait out storms in the crypto market.

If you want to understand how to obtain this digital coin correctly, be sure to read the tutorial “How and where to buy Tether.”

In today’s article we share with you how quickly you can move a Tether stablecoin between different wallets on different centralized platforms for digital coin transactions.

How Long Does USDT Take to Transfer?

Transferring USDT from one platform to another takes from 5 to 30 minutes. However, it is important to understand that everything depends on the current state of the cryptocurrency market as well as network congestion. If you make a transfer during a period of low trading activity and a favorable and calm situation in the digital asset market, then the whole process will take no more than 10 minutes.

However, if the market is in active movement due to a certain news background or a large-scale bull or bear market, then there is a chance that your transaction will take longer. This is because investors are actively using USDT and other stablecoins to buy or sell digital assets. In this case, the USDT transfer transaction will take from 10 to 30 minutes, depending on the current network load.

It is important to note that when you’re transferring USDT from platforms such as Binance, you can get additional information about the current network load. Usually, the Binance mobile app notifies users of high trading activity. Also, the application calculates the maximum time for the transaction, taking into account the existing practice. But from the author’s personal experience, we can say that the real time for transferring USDT from Binance to Coinbase will take no more than 15 minutes. Of course, you can surely use other crypto exchanges.

A graphic depiction of two crypto currency wallets
Image from Infinite Blockchain Labs

It is important to understand that most platforms require verification to make transfers. This usually includes an SMS notification to a mobile device, as well as a message code to email. This is a classic procedure for transferring funds outside of a centralized platform. This process takes the user from one or two minutes, depending on the speed of entering the passcodes.

How Can I Transfer USDT from Binance to Coinbase?

Now let’s look at a few simple examples of transferring USDT from Binance to the Coinbase platform. It should be no secret that you need Binance and Coinbase accounts to send USDT.

First you need to get a link to the address of the Coinbase platform. To do this, you need to log into your account on the platform. Then find and click on the USDT icon and click “Get.”

The address you copy will appear in front of you. This will also create a network that you need to use in the future. Usually it is TRC20.

You then go to the Binance platform and click on the USDT icon. Next, you have a choice of actions. Here, click “Output.”

In the column that opens, copy the Coinbase wallet address and also set up the correct network.

Next, click “Confirm.” Then go through the identification procedure thanks to the code on your mobile phone and email. After that, your transaction starts to execute. After it completes, you will receive an email confirming the success of the operation.


It is also important to remember that the application may write that the network is overloaded. In that case, your transaction will take longer. However, you still cannot change the network, because the address you copied on Coinbase only works on a specific network. And if you move the network to avoid a delay in delivery, you risk completely losing your USDT deposit.

Summing up, taking into account all the procedures, from obtaining an address and setting up the desired network to identifying an individual and sending USDT, it takes no more than four to six minutes. It takes another five to eight minutes for the direct delivery of your deposit from Binance to the Coinbase platform.

How Does Security Affect Timing?

It is also important to understand that each platform has its own systems and capacities for USDT transfers. Transaction time and other timings for sending funds are one of the main advantages of centralized platforms.

First of all, different timings for the finalization of transactions are associated with legislative restrictions that protect investors. That is, when transferring USDT from Binance to Coinbase, for instance, it will take some time before the blockchain fully processes the transaction. Only then can it can go to the user’s wallet.

a grapic depiction of the letters K, Y, and C, representing "know your customer"
Image from Ledger Insights

This is because after clicking the “Confirm operation” icon, the funds are transferred from the centralized platform to the blockchain.

Since we are looking at how to transfer USDT from Coinbase to Binance and vice versa, we will take the TRC20 network as an example. Before the investor’s wallet receives the funds on Binance, the deposit undergoes a series of tests and checks on the blockchain.

This confirmation chain is necessary for the security of both the deposit and the user’s wallet. Therefore, this can also take some time. However, on top exchanges, this process does not take longer than 30 minutes on each network.

How Can I Do a Fiat Transfer to USDT?

While we were in the cryptocurrency space, everything was very easy and fast. However, let’s assume that the investor initially needs to replenish the USDT balance and only then make the transfer. Let’s suppose this investor lives in the UK and wants to transfer GBP to USD in Binance. Naturally, the investor feels nervous, and rightfully so. That’s because in this case, a third party—the bank that stores the investor’s fiat funds—will be a party to the transaction.

In order to transfer GBP to USD in Binance, our investor needs not only to create an account on Binance, but also to pass a full identity verification. The KYC or Know Your Client procedure takes from one to three days, depending on the quality of the documents the investor provides and other important factors. In the author’s personal experience, it usually takes up to one day to complete the KYC procedure if you do everything promptly.

For an article about USDT, a cartoon depiction of a fiat bank next to a blockchain
Image from Atomic Wallet

After completing this procedure, you need to select “Buy” in the Binance app. Then use your bank card in GBP as a means of payment. But if you have a card that is based on US dollars and you indicate GBP, then your transfer of GBP to USDT will not occur.

Assuming, though, that you have completed each step satisfactorily, all you need to do is wait until your banking institution approves your transaction. If there are no restrictions on your card, and you yourself are a prosperous and law-abiding citizen, then the transaction will likely be carried out on the same day.

Summing up, we can say with confidence that a USDT transfer on any cryptocurrency platform is a safe and very fast process. At the same time, it requires care with the use of addresses and networks of deposit transport. Identity verification and KYC are also required. But in general, transferring USDT to Binance or fiat funds to any platform takes a maximum of one or two days.


About the Author

Author of an article on USDT, Sviatoslav Pinchuk

Sviatoslav Pinchuk, COO of TradeCrypto, is a crypto journalist who bought some bitcoin in 2014 and then forgot about it till 2017. He got Ethereum in 2017 by way of a misclick and sold it in 2018 “just to try.” After losing a Florida house on XEM in 2018, Sviatoslav finally decided to trade reasonably. He is one of the most analytical and data-driven traders in the crypto industry.