Today I made the mistake of withdrawing BUSD to a USDC address.

The situation:

I wanted to withdraw my BUSD today to an USDC address. When you deposit USDC from another exchange, its auto converted to BUSD. I was under the assumption the same thing would happen when you withdraw.

In the Binance desktop the screen looks like the picture below:

It says auto converison enabled. Therefore I assumed it would be auto converted to USDC, but that was not the case. Now I have lost the funds completely…. Ofcourse I blame myself aswell for this.

I hope other users will learn from this!


[Withdraw screen BUSD](

➔ Visit Binance now and start trading


  1. International-Baby-3 on 14. December 2023 at 23:20

    always test withdrawal with 100M $ first just to test and then only do the rest.


  2. nickless09 on 14. December 2023 at 23:20

    >I was under the assumption

    There’s your mistake, never ever assume. and if you did already, send a small amount first, what’s the hurry?

    It’s been said since like 2014, are you living under a rock or something?


  3. [deleted] on 14. December 2023 at 23:20

    you can have busd on “usdc address”.
    learn about tokens and networks first


  4. DingWrong on 14. December 2023 at 23:20

    Kraken also refused to send back a similar wrong network transfer not long a go.