If you are holding USDT on Binance and want to move it to the MEXC exchange for trading or withdrawal, the process is straightforward but requires careful attention to network selection and address accuracy. This guide explains the exact steps to transfer your USDT from Binance to MEXC, and then how to withdraw it from MEXC to a bank account or external wallet.

Step 1: Prepare Your MEXC USDT Deposit Address
Log in to your MEXC account. Navigate to "Assets" > "Deposit". Search for "USDT" and select it. You will be prompted to choose a network (e.g., TRC20, ERC20, BEP20, or Solana). For most users, TRC20 is recommended because it offers low fees and fast confirmation times. Copy the deposit address that appears. Double-check that you have copied the exact address and noted the correct network.

Step 2: Withdraw USDT from Binance
Log in to your Binance account. Go to "Wallet" > "Fiat and Spot" > "Withdraw". Select USDT as the asset. Paste the MEXC deposit address you copied into the "Address" field. In the "Network" dropdown, select the exact same network you chose on MEXC (e.g., TRC20). Enter the amount of USDT you wish to transfer. Review the network fee displayed and confirm the total. Complete any security verification steps (2FA, email confirmation). Click "Submit".

Step 3: Wait for Confirmation
The transfer time depends on the network. TRC20 usually completes within a few minutes. You can check the status on Binance under "Withdraw History". Once the transaction is confirmed on the blockchain, the USDT will appear in your MEXC account under "Assets" > "Spot Wallet".

Step 4: Sell USDT for Fiat or Stablecoin on MEXC
To withdraw to a bank account, you first need to convert USDT to a fiat currency (like USD, EUR, or your local currency) or to a stablecoin that supports direct withdrawal. Go to the "Trade" section on MEXC and use the spot market to sell your USDT for USDC, USDT to a fiat pair (if supported), or trade for a coin that can be withdrawn via P2P. Note that MEXC primarily offers crypto-to-crypto trading; direct fiat withdrawal to a bank may require using the P2P platform or a third-party service.

Step 5: Withdraw Fiat from MEXC (P2P or External Service)
MEXC does not directly support bank wire withdrawals in most regions. The common method is through P2P trading: Go to "Buy Crypto" > "P2P Trading". Select "Sell" and choose USDT as the asset. Find a buyer offering your preferred payment method (e.g., bank transfer, PayPal, or local mobile payment). Complete the P2P order as instructed. The buyer will send fiat directly to your bank account or payment app. Alternatively, you can transfer your USDT back to a centralized exchange that supports fiat withdrawal (like Binance or Coinbase) and withdraw from there.

Key Considerations for a Safe Transfer
Always test with a small amount first. Network mismatches (e.g., sending on ERC20 to a TRC20 address) can result in permanent loss of funds. Network fees vary: TRC20 fees are usually under $1, while ERC20 can be $5–$20. Withdrawal minimums also apply on both exchanges. Finally, ensure your MEXC account is fully verified (KYC Level 2) to enable withdrawals and P2P trading.

By following these steps, you can safely move your USDT from Binance to MEXC and eventually withdraw it to your bank account. Always prioritize network compatibility and double-check addresses before confirming any transaction.