Deposits and withdrawals: choosing the right network (BSC/BEP20), MEMO/Tag and fees

A mistake with the network can cost your entire balance. The trick is to double-check before confirming.

TL;DR

• ✅ Choose the correct network (e.g., BEP20 for BNB).
• ✅ Use MEMO/Tag when required.
• ⚠️ Always test with a small amount first.
• ✅ Check fees before transferring.

Context

Moving funds between Binance and wallets is easy, but the main risk is selecting the wrong network or forgetting the MEMO.

Prerequisites

• Verified Binance account.
• Compatible external wallet.
• Knowing the coin and network to use.

Step by step

1. Log in to Binance.
2. Click “Deposit” or “Withdraw” as needed.
3. Select the coin (e.g., BNB, USDT).
4. Choose the network: BEP20 (recommended for BNB).
5. Copy the address and MEMO if required.
6. Make a small test transfer first.
7. Confirm receipt before sending larger amounts.

Security checklist

• ⚠️ Always verify the network on both ends.
• ⚠️ Never skip MEMO/Tag when prompted.
• ⚠️ Test with small amounts.
• ⚠️ Copy-paste addresses; don’t type manually.
• ⚠️ Use official wallets and apps only.
• ⚠️ Confirm receipt before sending more.

Common mistakes and how to avoid them

• Using the wrong network → lost funds. Prevention: check compatibility first.
• Forgetting MEMO/Tag → stuck deposit. Prevention: always double-check.
• Sending everything in one go → high risk. Prevention: test with a small amount.

Practical examples

• Sending 10 USDT via ERC20 may cost $3–10 in fees.
• Sending the same via BEP20 costs only cents.

Quick comparisons

• ERC20: higher fees, universal support.
• BEP20: cheaper, best for Binance.
• TRC20: low cost, less decentralized.

Editorial note

Understanding networks and MEMOs is boring—until you make a mistake. Testing first always pays off.

Next step

Read [Crypto security essentials](/en/guides/security).

Results / Conclusion

Success isn’t moving funds fast—it’s moving them safely and cheaply.