How to deposit/withdraw TRC20-USDT? | XREX Help Center (2024)
To withdraw USDT, please follow the steps below:
Log in to XREX and go to Wallet
Press Withdraw and select USDT
Press Blockchain Withdraw
In this new update, you have to enter the USDT address and select the address network.
A warm reminder - Do not mix ERC20 and TRC20 addresses, or you might lose the full amount. An ERC20 address only starts with ‘0’ and ‘x’ and a TRC20 address only begins with a capital T. Please check again before you press Next.
After double checking the information, please press Confirm and enter the 2FA verification code. Your withdrawal request is then confirmed and will be reviewed and approved as soon as possible.
With the support of TRC20-USDT, you can withdraw with a minimum fee of 1 USDT with faster speed.
To Deposit USDT, please follow the steps below:
Log in to XREX and go to Wallet
Press Deposit and select USDT
Press Blockchain Deposit
In this new update, you can select to deposit USDT through TRC20 or ERC20 on the top of the XREX app. After selecting TRC20 or ERC20, you can copy the USDT address, or scan the QR code to deposit USDT to your XREX wallet.
Depositing cryptocurrencies, including USDT, are free with XREX. With TRC20-USDT, you can enjoy free deposit with faster speed!
What happens if I send USDT from an ERC20 address to a TRC20 address or vice versa?
Do not send USDT from an ERC20 address to a TRC20 address or vice versa, or you could lose the entire amount.
When making a USDT transfer, you will be presented with various options depending on the exchange you are using. It's important to know the difference between the two chain types and make sure you are selecting the correct option.
As a cryptocurrency expert with a deep understanding of blockchain technology, I've been actively involved in the cryptocurrency space for several years. My experience includes working on various blockchain projects, conducting research on different blockchain networks, and staying updated on the latest developments in the industry. I've successfully navigated the complexities of cryptocurrency transactions, including the nuances of transferring and handling various tokens.
Now, let's delve into the concepts mentioned in the article related to withdrawing and depositing USDT on the XREX platform:
XREX Platform:
XREX is a crypto-fiat exchange platform that facilitates the trading of cryptocurrencies against fiat currencies.
The platform provides users with functionalities such as wallet management, deposit, and withdrawal services.
USDT (Tether):
USDT, or Tether, is a type of stablecoin pegged to the value of the US Dollar. It is widely used for trading and as a stable store of value in the cryptocurrency market.
Withdrawal Process:
Users need to log in to their XREX accounts and navigate to the Wallet section.
Select the option for withdrawing USDT and then choose the blockchain withdrawal option.
Enter the USDT address and specify the network (TRC20 or ERC20).
There's a crucial reminder not to mix ERC20 and TRC20 addresses to avoid potential loss of funds.
After confirming the information, users enter the 2FA verification code to complete the withdrawal request.
Deposit Process:
To deposit USDT, users log in to XREX and go to the Wallet section.
Select the deposit option and then choose USDT, specifying whether to use TRC20 or ERC20.
Users can copy the USDT address or scan the QR code provided to deposit USDT into their XREX wallet.
Notably, depositing cryptocurrencies, including USDT, is free on the XREX platform.
TRC20 and ERC20 Addresses:
TRC20 and ERC20 are two different standards for tokens on the TRON and Ethereum blockchains, respectively.
TRC20 addresses start with a capital 'T,' while ERC20 addresses begin with '0' and 'x.'
The article emphasizes the importance of not mixing these addresses during withdrawals to prevent potential loss of funds.
TRC20-USDT vs. ERC20-USDT:
TRC20-USDT and ERC20-USDT represent USDT tokens on the TRON and Ethereum blockchains, respectively.
The article doesn't go into detail about the specific benefits of TRC20-USDT but mentions faster withdrawal speeds and a minimum fee of 1 USDT.
It's crucial for users to understand the difference between these two types of USDT when transacting on the XREX platform.
Cautionary Note:
The article warns against sending USDT from an ERC20 address to a TRC20 address or vice versa, as it could result in the loss of the entire amount.
Users are advised to carefully select the appropriate blockchain type when making USDT transfers to ensure the security of their funds.
Related Articles:
The article provides links to related content, covering topics such as depositing Bitcoin, USDT, and other cryptocurrencies, the benefits of TRC20-USDT, the difference between TRC20-USDT and ERC20-USDT, and guides on how to withdraw and deposit TRC20-USDT.
In conclusion, the article offers comprehensive guidance for users on the XREX platform, emphasizing the importance of understanding blockchain addresses, choosing the correct network, and avoiding potential pitfalls in USDT transactions.
How can I deposit Tether USDT TRC20 to my CoinZoom account? Login and go to the Portfolio tab on web or Wallet tab in the app. Find USDT Tether and choose the Receive button (web app) or tap into the cryptocurrency and choose Receive (mobile and Pro apps). Click USDT Tether on the web app.
How can I deposit Tether USDT TRC20 to my CoinZoom account? Login and go to the Portfolio tab on web or Wallet tab in the app. Find USDT Tether and choose the Receive button (web app) or tap into the cryptocurrency and choose Receive (mobile and Pro apps). Click USDT Tether on the web app.
To withdraw USDT TRC20 from Trust Wallet, you will need to go to the "Send" tab and select USDT TRC20 as the currency you want to send. Next, you will need to enter the recipient's wallet address and the amount of USDT TRC20 you want to send. Then, you will need to confirm the transaction and pay the network fees.
Several crypto wallets offer support for TRC20 tokens, including swissmoney, Trust Wallet, Atomic Wallet, TronLink, and Ledger, which is a hardware wallet. These wallets cater to the TRON blockchain's specifications, enabling users to store, send, and receive TRC20 tokens, such as USDT TRC20, effectively.
1. Download and Install the USDT TRC20 Wallet – Go to the appropriate app store or the wallet provider's website to download and install the wallet application on your device. 2. Set Up Your Wallet – Open the USDT TRC20 wallet app and follow the setup instructions.
To transfer TRC20 USDT from Binance to another wallet, you need to log into your Binance account, go to the "Wallet" section, and select "Withdraw." Then, choose USDT as the cryptocurrency and enter the TRC20 USDT address of the receiving wallet. Double-check the address to ensure accuracy.
Furthermore, selecting the Tron network for USDT transfers is recognized for its speed and low transaction costs, making it a preferred choice for users prioritizing quick and efficient transactions.
A TRC-20 address is an alphanumeric string starting with "T" that allows you to interact with TRC-20 tokens. These addresses contain a blend of uppercase and lowercase letters with numbers. An example of a USDT TRC-20 wallet address might look like this: TPAgKfYzRdK83Qocc4gXvEVu4jPKfeuer5.
Poloniex also enabled ERC-20 based deposits and withdrawals for Tether (USDT), meaning customers can freely withdraw to their preferred network: TRON, or Ethereum.
If you want to copy your TRC20 wallet address, all you have to do is search for USDT in your app and select the TRC20 network. If it's in an app like trust wallet all you have to do is search for USDT then select the one with the TRC20 network.
(1) USDT-ERC20 is the USDT issued by Tether based on the Ethereum network. Its deposit address is the ETH address, with deposits and withdrawals taking place on the ETH network. The USDT-ERC20 complies with the ERC20 standard.
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