Send Money via BNB Chain: $0.05 Fees in the Binance Ecosystem

BNB Chain (formerly Binance Smart Chain) leverages the Binance ecosystem for wide exchange support and low-cost USDT transfers.

BNB Chain settles in 3 seconds with $0.05 fees and connects directly to the Binance ecosystem — the world's largest crypto exchange by volume.

Network specifications

How BNB Chain works for international transfers

A BNB Chain remittance works in three steps: (1) the sender buys USDT on a supported on-ramp exchange using their local currency; (2) the USDT travels across the BNB Chain network, settling ~3 seconds with a network fee of $0.05 regardless of amount; (3) the recipient sells USDT on a local off-ramp exchange for their local currency and withdraws to their bank account.

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Frequently asked questions

What is BNB Chain?

BNB Chain (formerly Binance Smart Chain or BSC) is a blockchain created by Binance, the world's largest cryptocurrency exchange. It uses a Proof of Staked Authority consensus mechanism for fast, low-cost transactions. BNB Chain primarily uses USDT for stablecoin transfers.

Is BNB Chain good for remittances?

BNB Chain works well for remittances where both the sender and receiver use Binance-ecosystem exchanges. Its $0.05 fee is competitive, and the 3-second settlement is fast. However, it has more limited off-ramp support than Tron or Stellar, and some view it as more centralized.

Which corridors support BNB Chain?

BNB Chain is supported by Binance (on-ramp for AED/SAR), CoinDCX (India), and Indodax (Indonesia) for off-ramps. It is particularly useful for AED/SAR to INR and AED/SAR to IDR corridors where Binance is the primary on-ramp.

Why does BNB Chain use USDT instead of USDC?

The Binance ecosystem has historically been more aligned with Tether (USDT) than Circle (USDC). While BNB Chain technically supports both, the deeper liquidity and wider exchange support on BNB Chain is for USDT. This is consistent with Tron, which also primarily uses USDT.

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