Binance Completes TrueUSD (TUSD) TRC20 Network Integration, Opens Deposits and Withdrawals | Binance Support (2024)

FAQs

Why is TRC20 suspended in Binance? ›

Following Circle's discontinuation of USDC support on the Tron (TRC20) network, Binance will cease support for USDC deposits and withdrawals via TRC20 starting from 2024-04-05 02:00 (UTC). Please note: Deposits of USDC tokens via TRC20 will no longer be credited to users' accounts after 2024-04-05 02:00 (UTC).

Log in to Binance: Go to your Binance app and log in to your account. Select TRC20 USDT: Go to the "Wallet" or "Fiat and Spot" section and select "TRC20 USDT" from the list of available assets. Click "Withdraw": Click the "Withdraw" button next to TRC20 USDT.

Effective from April 5, 2024, at 02:00 UTC, Binance users will no longer be able to deposit USDC tokens via TRC20. However, users will still have the opportunity to trade USDC on Binance. In addition to trading, Binance's support for deposits and withdrawals of USDC through other permitted networks won't be affected.

Please note: USD deposits, withdrawals, and trading have been paused. Subscribe to updates on our Status page.

Binance has separately been sued by the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission over alleged mishandling of customer assets and the operation of an illegal, unregistered exchange in the U.S.

If you want to withdraw the USDT TRC20 to your bank account, you need to first swap the token for Bitcoin or Ethereum in your Trust Wallet account. Then, you must send the Bitcoin or Ethereum to a popular exchange that allows you to cash out your cryptocurrencies.

Yes, it's possible to sell your USDT on Binance and withdraw the proceeds as cash to your bank account. Here's how you can do it: 1. Convert USDT to fiat currency: On Binance, you can use the "Convert" feature to convert your USDT to a fiat currency, such as USD or EUR.

Log in to your Binance account. Click on the [Wallet] button in the top right corner of the page. Select [Spot]. Click on the [Withdraw] button next to the cryptocurrency you want to withdraw.

- Search for USDT and click on it. - Click on "Convert" next to "TRC20" or "ERC20". - Select the amount you want to convert and confirm the transaction. - Binance will then convert your TRC20 USDT to ERC-20 USDT.

There are several wallets available that support TRC20-based tokens, including TronLink, Klever, and Trust Wallet. Simply download and install one of these wallets and follow the instructions. Is it safe to store Tether in a TRC20 wallet?

How do I withdraw from TRON TRC20? ›

to use a USDT TRC20 wallet address, you can withdraw or receive USDT tokens that are based on the TRON blockchain. You can withdraw or send USDT TRC20 tokens to this specific type of wallet address. Just make sure to use a compatible wallet that supports TRC20 tokens for transactions.

Log in to your Binance account and go to [Pay]. Tap [Receive] - [Payment Link]. 2. Select the cryptocurrency and enter the amount you want to receive.

Navigate to the Accounts tab, click the Add account button, select Tron, and click Continue. Once a Tron account is added, navigate to the Receive tab, select your Tron account, and click Continue. Ledger Live and your Ledger device will display your TRC20 address.

Current CEX.IO USDT (TRC-20) status is UP.

If you previously disabled your account and would like to reactivate it, you will need to contact us via chat and provide supporting documentation so that we can verify your identity and complete the reactivation.

How to buy USDT on Binance? As soon as your identity is confirmed, you can start using the Exchange to buy USDT. But, Binance does not accept fiat, so you need to buy Bitcoin or Ethereum first and then trade it against USDT. If you want to use fiat, you can go for an Exchange-like EXMO, which allows for Fiat deposits.

Here's how you can transfer your Tron (TRX) from Binance to another wallet without losing its value in Ethereum (ETH): - In your Binance account, go to the "Wallet" section and select "Withdraw". - Select "TRX" as the currency you want to withdraw.