Recently, I started exploring Crypto Simple Earn programs, specifically looking for stablecoin opportunities that offer yields as high as 20% APR.
The Decision to Switch
Initially, I chose HTX (formerly Huobi) to park my assets. However, due to concerns regarding platform risk and long-term security, I decided it was time to migrate my funds to Binance. Binance is widely considered the industry leader in terms of security and liquidity, making it a "safer" home for my savings.
The Challenge: Buying USDT in Malaysia
As many Malaysian users know, Binance does not currently support MYR (Malaysian Ringgit) on its P2P marketplace. To overcome this, I had to get creative:
I used HTX P2P to purchase USDT using my local bank account.
Once the USDT was in my HTX wallet, I initiated an on-chain transfer to Binance.
Finding the Cheapest Transfer Method
When transferring USDT between exchanges, the network you choose makes a huge difference in cost. Many people default to the TRON (TRC20) network because it is popular, but it isn't always the cheapest:
TRON (TRC20): HTX charges a flat fee of $1.50 USD.
Avalanche C-Chain (AVAXC): I discovered that using the Avalanche C-Chain costs only 0.60 USDT on HTX.
By choosing the Avalanche network, I saved more than 50% on my transaction fees!
How to transfer USDT from HTX to Binance using AVAXC Chain? It is C-Chain
Step 1. Find the right address on Binance
On the Binance app or website, go to:
Deposit > Deposit Crypto
Search for USDT
Under "Select Network," choose AVAX C-Chain (AVAXC)
This will generate a 42-character address starting with
0x.... Copy this address.
Step 2. Match the Network on HTX
On HTX, go to:
Withdraw > USDT
Paste the Binance address.
Select the network: AVAXC (or Avalanche C-Chain).
Final Thoughts
If you are moving funds to take advantage of Binance’s 20% Simple Earn rates, always double-check the withdrawal fees on your "sending" exchange. Small savings on gas fees mean more capital working for you in the long run.
Next step is how to CASH out using BITGET card.