Deposit from Binance to Peanut
Withdraw USDC or USDT from Binance to your Peanut account. Free on Arbitrum, a few cents on Polygon. Funds arrive in minutes.
How to Deposit from Binance to Peanut
Moving digital dollars from Binance to Peanut takes just a few minutes. Withdraw USDC or USDT from your Binance Spot Wallet, send it to your Peanut deposit address on a supported network, and your balance updates automatically. Peanut charges no deposit fees — the only cost is Binance's withdrawal fee, which can be as low as free when you use Arbitrum.
Once your balance arrives, your money is held in digital dollars. From there you can pay at over a million merchants in Argentina via Mercado Pago QR, send Pix in Brazil, transfer money to friends and family, or withdraw to a bank account in 40+ countries.
Before You Start
Make sure you have the following ready:
-
A Binance account with identity verification completed. Binance requires KYC before you can withdraw.
-
USDC, USDT, or DAI in your Binance Spot Wallet. If your stablecoins are in a Futures or Earn account, transfer them to Spot first.
-
A verified Peanut account. You need a Peanut account to generate a deposit address. Verification takes under 2 minutes for most users.
How to Deposit from Binance
- 1
Open Peanut and copy your deposit address
In the Peanut app, tap "Deposit" and select the network you want to receive on (Arbitrum, Polygon, or Solana recommended for the lowest fees). Copy the deposit address shown.
- 2
Open Binance and go to your Spot Wallet
Log in to Binance, navigate to Wallet, then select Spot Wallet. Find the stablecoin you want to send — USDC or USDT.
- 3
Click Withdraw and choose Send via Crypto Network
Select the on-chain withdrawal option. Do not use internal transfer — Peanut is an external address.
- 4
Paste the Peanut deposit address
Paste the address you copied from Peanut into the withdrawal address field. Double-check it matches exactly.
- 5
Select the matching network
Choose the same network you selected in Peanut (e.g., Arbitrum One, Polygon, Solana). The network must match exactly — sending on the wrong network will result in lost funds.
- 6
Enter the amount and confirm
Enter the amount you want to withdraw. Review the fee displayed by Binance, then confirm with your two-factor authentication.
Your Peanut balance updates automatically once the transaction confirms on-chain. Most deposits arrive within 1–10 minutes depending on the network.
Choosing the Best Network
Binance supports seven networks that work with Peanut. Your choice affects the withdrawal fee and speed:
-
Arbitrum One — recommended. Often free for USDC and USDT withdrawals. Deposits confirm in about 1 minute.
-
Polygon — excellent alternative. Withdrawal fees are typically a few cents. Deposits confirm in about 5 minutes.
-
Solana — fast and cheap. About $0.50 withdrawal fee. Deposits confirm in under 1 minute.
-
Ethereum — avoid unless necessary. Withdrawal fees are approximately 3.5 USDC/USDT. Only use Ethereum if you specifically need to.
-
Tron, Base — available. Fees are typically around $1. These work fine but offer no advantage over Arbitrum or Polygon.
For a full breakdown of fees across all deposit methods, see the pricing page.
Fees
-
Peanut deposit fee: free. Peanut charges nothing for deposits from any network.
-
Binance withdrawal fee: varies by network. Binance uses dynamic fees that adjust based on network congestion. Arbitrum is often free, Polygon costs a few cents, and Ethereum runs about 3.5 USDC/USDT. Always check the fee displayed in the Binance withdrawal window before confirming.
-
Minimum withdrawal: $10. Binance requires a minimum of 10 USDC or 10 USDT for most networks. Arbitrum USDC may have no minimum — verify in the app.
FAQ
How long does a deposit from Binance to Peanut take?+
Most deposits arrive within 1–10 minutes, depending on the network. Arbitrum and Solana are the fastest, typically confirming in under 1 minute. Polygon takes about 5 minutes. Ethereum can take up to 10 minutes during congestion. Binance may also apply additional security checks on large or first-time withdrawals, which can add a short delay before the transaction is broadcast.
What is the cheapest way to deposit from Binance to Peanut?+
Withdraw USDC or USDT via Arbitrum — Binance often charges no withdrawal fee on this network. Polygon is the next cheapest option at a few cents. Peanut charges no deposit fees on any network, so the only cost is what Binance charges for the withdrawal.
Can I deposit DAI from Binance to Peanut?+
Yes. Binance supports DAI withdrawals on Ethereum, Polygon, and Arbitrum. However, USDC is the recommended stablecoin for Peanut deposits since your Peanut balance is denominated in digital dollars at a 1:1 rate with USDC.
What happens if I select the wrong network?+
Sending on a network that does not match your Peanut deposit address will result in permanent loss of funds. Always verify that the network selected in Binance matches the network shown in Peanut. If you are unsure, start with a small test transaction.
My deposit from Binance has not arrived — what should I do?+
First, check the withdrawal status in Binance — if it shows "processing," the transaction has not been broadcast yet. If it shows "completed," find the transaction hash in Binance and look it up on the relevant block explorer (e.g., Arbiscan for Arbitrum). If confirmed on-chain but not in Peanut, contact Peanut support with the transaction hash. See the deposit troubleshooting guide for more details.
Can I use Binance from the United States?+
No. Binance.com is not available to US residents. Binance.US exists as a separate entity with more limited network support. US-based users should consider Coinbase or Kraken for depositing to Peanut.
