How to Withdraw Crypto to Another Exchange or Wallet

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In recent times, many cryptocurrency exchanges have started implementing self-protective measures, including the forced withdrawal of users from certain regions—particularly mainland China. This has led to growing concerns among users about the safety of their digital assets. A common question arises: What if I can’t sell my coins in time? Will I lose them?

The good news is that reputable exchanges do not arbitrarily confiscate user funds. For example, Huobi (now HTX) has publicly stated that even if they restrict trading functionality for certain users, withdrawal capabilities remain unaffected. This means you can still transfer your assets out—you just won’t be able to trade on the platform anymore.

So, how do you securely move your crypto to another exchange or wallet? Let’s explore the two most effective methods: withdrawing to another exchange and transferring to a self-custody wallet.

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Method 1: Withdrawing Crypto to Another Exchange

Transferring your cryptocurrency from one exchange (like Huobi) to another (such as Binance or Gate.io) is a straightforward process, provided you follow the correct steps. While Binance no longer allows new registrations from mainland Chinese users, platforms like OKX and Gate.io are still accessible.

Let’s walk through a real-world example: withdrawing USDT from Huobi to Binance. The same principles apply to other tokens and exchanges.

Step 1: Initiate Withdrawal on the Source Exchange

Log in to your Huobi account and navigate to the Spot Trading section (also labeled as "Coin Trading").
Locate USDT in your asset list and click Withdraw—this option usually appears alongside "Deposit" and "Transfer."

Step 2: Choose the Correct Network

This step is critical. USDT exists on multiple blockchains, and selecting the wrong network can result in permanent loss of funds.

Always match the network used by the receiving exchange. For cost-efficiency, TRC-20 is ideal for small to medium transfers.

Step 3: Enter the Deposit Address from the Target Exchange

Go to your destination exchange (e.g., Binance), find the USDT deposit address, and ensure it supports the same network (e.g., TRC-20). Copy this address carefully.

⚠️ Never send funds to an address without verifying the network type.

Paste the address into Huobi’s withdrawal form. Double-check every character—even one incorrect letter can result in irreversible loss.

Step 4: Confirm and Complete Security Verification

After entering the amount and address, you’ll need to complete identity verification—this may include:

Once confirmed, submit the request. Your USDT should arrive within minutes, depending on network speed.

Pro Tips for Safe Transfers

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Method 2: Withdrawing Crypto to a Self-Custody Wallet

For greater control and long-term security, consider moving your assets to a non-custodial wallet. This way, you own the private keys, eliminating reliance on any third-party platform.

Popular wallets include:

Both support multi-chain assets, built-in DApp browsers, and seamless integration with decentralized finance (DeFi) protocols.

Step-by-Step: Sending Crypto from Exchange to Wallet

The process mirrors transferring between exchanges—with one key difference: you’re sending funds to your personal wallet address.

  1. Open your wallet app and select Receive.
  2. Choose the correct token (e.g., USDT) and ensure the network matches (e.g., TRC-20).
  3. Copy the generated address.
  4. On Huobi, go to Withdraw > USDT, paste the address, select TRC-20, and proceed.

✅ Important: Only use official wallet apps downloaded from trusted sources. Some counterfeit apps mimic legitimate ones but steal your keys.

While iOS and Android stores in China may restrict access, you can:

Once your crypto is in your wallet, you can:

This method empowers you with full financial autonomy—no freezing, no forced exits.

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Frequently Asked Questions (FAQ)

Q: Will I lose my crypto if my exchange bans me?

A: No. As long as withdrawal functions are active, you retain full access to your funds. Exchanges may disable trading or deposits, but withdrawals are typically permitted during transition periods.

Q: What happens if I send USDT using the wrong network?

A: Funds may be lost permanently. For example, sending ERC-20 USDT to a TRC-20-only address results in unrecoverable tokens. Always verify network compatibility before confirming.

Q: Are there alternatives to Binance for Chinese users?

A: Yes. Platforms like OKX and Gate.io currently allow registration and offer similar features. Always check local regulations before signing up.

Q: Is it safer to keep crypto on an exchange or in a wallet?

A: For long-term holdings, a self-custody wallet is safer. Exchanges are prime targets for hacks. With a wallet, only you control the keys.

Q: How much does it cost to transfer USDT?

A: On TRC-20: ~$1. On ERC-20: $15–$30 depending on Ethereum congestion. Fees fluctuate based on network demand, not transfer amount.

Q: Can I reverse a crypto transaction?

A: No. Blockchain transactions are irreversible. Always double-check addresses and networks before sending.

By following these guidelines, you can confidently move your digital assets—whether to another exchange for trading or into a personal wallet for DeFi use.

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