How I Funded RedotPay from the Maldives Using Binance

Why I explored this method

For some Maldivian travelers, having money in a bank account and being able to spend it internationally are two different problems.

I wanted a way to fund my RedotPay account, so I tested a route using a Maldives-issued bank card, Binance and USDT. It worked for me. That does not mean it works for every Maldivian bank card or account.

This is not a way around bank rules, card restrictions or local law. If a step is not allowed for you, do not use it.

Understanding the route

In my test, the funds moved through four stages:

1. 01
   Maldives-issued bank card

   Used to pay for a USD deposit on Binance.

2. 02
   Binance USD balance

   The deposited USD shown in my Binance account.

3. 03
   USDT

   The USD balance converted to a USD-referenced stablecoin.

4. 04
   RedotPay wallet

   USDT sent from Binance to my RedotPay account.

Plain-language terms

USD balance

An amount held in US dollars on the platform.

USDT

A stablecoin designed to track the US dollar. It is not a bank deposit and its value can move.

Blockchain network

The system used to move the coins. Both the sending and receiving accounts must support the same network.

Withdrawal or network fee

A charge for moving funds out of one account to another.

Step 1: Depositing USD into Binance

I used my Maldives-issued bank card to make a USD deposit on Binance. In my test, that deposit cost about 3.6–4.1% in total.

This 3.6–4.1% was the cost of putting USD into Binance with my Maldives-issued card. It is not a RedotPay deposit fee.

This describes what happened at the time. Whether card deposits are available to you, and at what fee, depends on your account, your card issuer and Binance's current options. Check Binance's official instructions before trying.

How to do it

1. Open the Binance app and go to the deposit or buy option for your account.
2. Choose USD and select a bank card as the payment method.
3. Enter the amount and review the fee shown before confirming.
4. Complete any verification your bank asks for.
5. The USD balance appears in your Binance account once the payment clears.

Step 2: Converting USD to USDT

I then converted my USD balance to USDT. The rate I saw was close to 1:1.

Close to 1:1 does not mean the conversion was free. Rates, spreads and fees change, so check the quote shown at the time you convert.

How to do it

1. In Binance, open the convert or trade function.
2. Select USD as the source and USDT as the target.
3. Review the quoted rate and confirm.

Step 3: Transferring USDT to RedotPay over BNB Smart Chain (BEP20)

I initially transferred USDT using TRC20, which cost me 1.5 USDT in Binance withdrawal fees. I later tested BNB Smart Chain (BEP20) twice. Both transfers reached my RedotPay account successfully, and Binance charged 0.01 USDT per withdrawal on 8 October 2026.

Among the networks I compared and successfully tested, BEP20 was the cheapest. I can't say it is the cheapest network everywhere.

The 0.01 USDT is the Binance withdrawal fee I actually paid, not an estimate of blockchain gas costs. BEP20 is now my preferred network for this transfer.

BNB Smart Chain is the network. USDT is the asset being transferred. You do not need to change your USDT into BNB to use this network.

Fees, network availability, minimums and supported assets may change. Confirm that USDT deposits over BEP20 are currently supported in your own RedotPay account.

Step A: Get the USDT deposit address from RedotPay

1. Open RedotPay.
2. Go to Add Funds / Deposit.
3. Select USDT, not BNB.
4. Choose the on-chain deposit option.
5. Select BNB Smart Chain (BSC / BEP20) as the deposit network.
6. Copy the USDT deposit address shown for that network.

Step B: Withdraw USDT from Binance

1. Open Binance.
2. Find the USDT balance in the appropriate wallet, such as Spot or Funding.
3. If necessary, use Binance's internal transfer to move USDT to a wallet you can withdraw from. This is not an on-chain transfer.
4. Select USDT and choose Withdraw.
5. Choose the standard on-chain withdrawal (for example, Send via Crypto Network).
6. Paste the USDT deposit address copied from RedotPay.
7. Select BSC / BNB Smart Chain (BEP20).
8. Confirm that the asset and network match RedotPay.
9. Review the displayed withdrawal fee, minimum and amount to be received.
10. Complete the required verification and submit.
11. Check the withdrawal status in Binance and the deposit history in RedotPay.

Check these in both accounts before sending:

• Deposit address, copied from your own RedotPay account
• Asset (USDT)
• Network (BSC / BEP20)
• Minimum deposit
• Current fees

On-chain versus Binance Wallet integration

RedotPay may display deposit options such as On-Chain, Binance Wallet and Trust Wallet. For my confirmed method, I used On-Chain.

The direct Binance Wallet integration did not work for me when I attempted it. That does not mean it is broken for everyone, but connecting a Binance Wallet and withdrawing USDT from a Binance Spot or Funding wallet over BSC are not necessarily the same workflow.

I recommend the standard on-chain route because that is the route I successfully tested.

What it cost

Fees I observed

Binance USD card deposit

about 3.6–4.1%

Binance USDT withdrawal (BEP20, two transfers)

0.01 USDT each

Binance USDT withdrawal (TRC20, first transfer)

1.5 USDT

BEP20 was the cheapest of the networks I compared and successfully tested, at a 0.01 USDT Binance withdrawal fee on 8 October 2026. These withdrawal fees are separate from the 3.6–4.1% cost of depositing USD into Binance with my Maldives-issued card, which is not a RedotPay deposit fee. They are observed Binance quotes, not guaranteed current fees. Conversion costs, bank charges and other conditions can change the final amount.

Alternative: buying USDT on Binance P2P

RedotPay-supplied material describes another way to get USDT: Binance's peer-to-peer (P2P) market, where you buy USDT from another user and pay them directly with a payment method they accept. I have not tested this myself.

How it works: when you open an order, Binance holds the seller's USDT in escrow. You pay the seller outside Binance, for example by bank transfer, then mark the order as paid. The seller confirms they received your money and Binance releases the USDT to you.

Choose sellers carefully. Look at their completion rate, number of completed orders, price and the payment methods and terms they list. A price far better than others is a warning sign.

The example in the supplied material does not show that P2P trading is available in the Maldives or with MVR payment methods. Check what your own Binance app offers.

How to do it

1. In the Binance app, open the P2P section and choose to buy USDT.
2. Compare sellers and read their terms before choosing one.
3. Start the order. The seller's USDT is now held in escrow.
4. Pay the exact amount, from an account in your own name, using the method shown in the order and within the time limit.
5. Mark the order as paid only after you have actually sent the money.
6. Wait for the seller to confirm and release the USDT, then check your wallet overview to see which Binance wallet received it.
7. From there, the transfer to RedotPay works the same way as in Step 3.

If something goes wrong

What I learned

• Being able to fund the account matters as much as having the card.
• Each stage can add a cost.
• Look at the whole route, not just one advertised fee.
• Check deposit methods, supported networks and account eligibility before sending anything.
• A transfer that worked once does not guarantee it will work again.

Before you try anything

• Confirm Binance is permitted and available for your country and account.
• Confirm the payment method is supported by Binance and your card issuer.
• Confirm RedotPay supports the asset and deposit network you plan to use.
• Review identity verification and account requirements on both platforms.
• Review current fees, exchange rates, minimums and limits.
• Understand that crypto transfers cannot be reversed, and accounts can be restricted.
• Consider the risk of a stablecoin losing its peg, service interruption or loss.
• Never send funds to a deposit address from an untrusted third party.

If a payment method or service is prohibited or unsupported for you, do not proceed.

Questions about this route