Tether (USDT) is the most widely used and liquid stablecoin in the crypto market. As of 2024, Tether supports 12 different blockchains natively, including Ethereum, Tron, and Solana. Tether can be deposited, transferred, and swapped on the BNB Smart Chain (BSC) as well. Tether on the BNB Smart Chain is known as USDT BEP20. BEP20 is a token standard that expands on Ethereum’s ERC20, being more flexible in terms of token generation and cheaper to use due to lower gas fees.In this article, we are going to show you how to deposit, transfer, and swap the BEP20 version of Tether using Binance and MetaMask.The easiest way to deposit USDT on the BNB Smart Chain is to register an account on Binance if you don’t already have one and deposit Tether to the BNB Smart Chain network. If you are sending your USDT from another network, the USDT you sent will be automatically converted to the BEP20 version of USDT.Deposit USDT (BEP20) on BinanceClick on the yellow “Deposit” button on the Binance homepage.Proceed by selecting the “Deposit Crypto” option. This will allow you to transfer your existing digital assets to the blockchain network of your choice.Next, select the coin or token you wish to deposit and the network you wish to transfer it to. For the purposes of this guide, we are depositing Tether (USDT) to the BNB Smart Chain (BSC). After selecting the coin and the network, copy the deposit address and use it to deposit your assets. After the deposit is complete, the funds will be accessible by using any crypto wallet that supports BSC or by accessing it via the Binance Spot Wallet. The minimum deposit amount is 0.01 USDT.Now that you’ve successfully deposited Tether to the BNB Smart Chain using Binance, you’ll have the option to transfer it to some other address. You can transfer it to some other BEP20 wallet address, or to Ethereum, or any other support network. Transfer USDT (BEP20) on BinanceOn the Binance homepage, click on the “Wallet” drop-down menu and select “Fiat and Spot”.Next, find USDT and click on the three dots on the far right side of the scree. Click on “Withdraw” to continue.Select USDT as the coin you’ll be transferring and enter the address you wish to transfer your USDT to. It can be on the BNB Smart Chain Network, or any support blockchain. Enter the transfer (withdrawal) amount and click “Withdraw” to complete the transfer. Keep in mind that the transfer fee changes depending on the network you choose. The fee for transferring USDT on the BNB Smart Chain is 0.33 USDT.To swap USDT for some other cryptocurrency on the same chain, you can use Binance or any other crypto exchange that supports BEP20 addresses. You can also use a dedicated cryptocurrency wallet like MetaMask.Open your MetaMask and add BNB Smart Chain from the list of networks. For a more detailed description of the process, you can check out our How to add BNB Smart Chain (BSC) to MetaMask? guide.After selecting BSC as the default network, continue by clicking on the “Swap” button in your MetaMask wallet.Select the coins or tokens you wish to swap. For the purposes of this guide, we’re swapping USDT to BNB. Keep in mind that the MetaMask and gas fees apply. Once you are happy with the provided quotes, click on “Swap” to complete the swap.USDT BEP20 is a token running on the BNB Smart Chain network that represents the Tether (USDT) stablecoin. It is a 1:1 pegged token, which means that each USDT BEP20 token is backed by 1 US dollar in Tether’s reserves.Yes, you can transfer USDT through BEP20. There are a couple of things you should be aware of when transferring USDT through BEP20:The main difference between USDT BEP20 and USDT ERC20 is the blockchain network they are issued on. USDT BEP20 is issued on the BNB Smart Chain (BSC), while USDT ERC20 is issued on the Ethereum blockchain.To transfer USDT via BEP20, you will need to create a wallet that supports BEP20 tokens. Some popular options include MetaMask, Trust Wallet, and Binance Chain Wallet. Get the BEP20 USDT address of the wallet you want to transfer the tokens to. You can find this address by opening your wallet and clicking on the “Receive” button for USDT.To swap USDT BEP20 to USDT ERC20, you can use a centralized exchange (e.g., Binance), a decentralized exchange (e.g., PancakeSwap), or some other service that supports swapping cryptocurrencies between BSC and Ethereum.The easiest way to create a USDT BEP20 wallet is to set up a cryptocurrency wallet that supports the BSC network or open an account on a crypto exchange that supports BSC.The contract address for USDT BEP20 is 0x55d398326f99059ff775485246999027b3197955. This address can be used to send and receive USDT BEP20 tokens.Using USDT of the BEP20 variety allows you to tap into Tether’s multi-billion liquidity on the BNB Smart Chain. At the time of writing, there is $3.5 billion worth of Tether on the BNB Smart Chain spread among more than 15,400 addresses. Transferring USDT to BSC can be especially useful for those who want to use USDT for various decentralized finance (DeFi) use cases, like decentralized exchanges (DEXs) and other trading protocols. If you are looking to explore the DeFi landscape using USDT, we suggest you use a standalone crypto software wallet like MetaMask or Trust Wallet, which allows you to connect to numerous services in the BNB Smart Chain ecosystem.
