In This Guide
How can I deposit Tether USDT TRC20 to my CoinZoom account?
How can I withdraw USDT to an external USDT wallet?
What are the fees for converting USDT (ERC20) to USDT (TRC20)?
Are there separate wallets for USDT (ERC20) and USDT (TRC20)?
How do I convert between USDT (ERC20) and USDT (TRC20)?
Depositing & Withdrawing Guide
TRC20, also known as USDT-TRON, is Tether's USDT that is issued on the TRON network. It is a technical standard token, and It works based on TRON's network or blockchain, using TRON's address, which means that all transactions made with the TRC20 take place on the TRON network. CoinZoom provides the best gateway in the world for USDT (TRC20). Exchange USDT (TRC20) to USDT (ERC20), or exchange USDT (ERC20) to USDT (TRC20) instantly for free. |  |
How can I deposit Tether USDT TRC20 to my CoinZoom account?
- Login and go to the Portfolio tab (web and Pro apps). On the mobile app, go to the wallet.
- Find USDT Tether and choose the Receive button (web app) or tap into the cryptocurrency and choose Receive (mobile and Pro apps).
- You must acknowledge that you are sending only Tether to this address.
- Choose which network you are sending from, Tron (TRC20) or Ethereum (ERC20). For the mobile app, choose the network on the next step.
Warning: You must choose the correct network or you risk losing the entire deposit.
- Copy/share this wallet address with the sender. The wallet address is a string of random-looking characters and is also represented as a QR code. If you're on the Mobile app, choose the network at this step.
How can I withdraw USDT to an external USDT wallet?
In the web app and Pro app, sending (withdrawing) USDT to an external wallet can be done without having to specify the network. However the mobile app does ask for it. In either case, you must include the appropriate wallet address (ERC20 or TRC20) in order to successfully send USDT.
- Login and go to the Portfolio tab (web and Pro apps). On the mobile app, go to the wallet.
- Find USDT Tether and choose the Send button (web app) or tap into the cryptocurrency and choose Send (mobile and Pro apps).
- Now you need to identify the receiving wallet and the amount to send. On the web and Pro apps, do these on the same screen. On the mobile app, enter the amount first and then the receiving wallet. Also, choose the network on the mobile app.
- The last step is to confirm your withdrawal. On the mobile app, you can choose to take the fee out of your Zoom tokens or from your remaining USDT balance.
What are the fees for converting USDT (ERC20) to USDT (TRC20)?
CoinZoom does not charge any fees for converting USDT (ERC20) to USDT (TRC20), or for converting USDT (TRC20) to USDT (ERC20). The conversion is done instantly at a 1:1 exchange.
Are there separate wallets for USDT (ERC20) and USDT (TRC20)?
No. Your CoinZoom account has only one USDT wallet. In this wallet you can receive both USDT (ERC20) and USDT (TRC20). When you want to send USDT from your wallet, you can simply choose which network you want to send it on, either ERC20 or TRC20 (mobile app) or use the correct wallet address, which is formatted differently for each network.
How do I convert between USDT (ERC20) and USDT (TRC20)?
No conversion is required when sending USDT (ERC20 or TRC20) to an external wallet from CoinZoom. You may send ERC20 to an external TRC20 wallet or the reverse.
As a seasoned expert in cryptocurrency and blockchain technology, I've been actively involved in the field for several years, staying up-to-date with the latest developments and contributing to various projects. My expertise extends to understanding the intricacies of different blockchain networks, including Ethereum and TRON, and I have hands-on experience in managing and trading various tokens, including Tether (USDT) in both ERC20 and TRC20 standards.
Now, let's delve into the concepts presented in the article:
1. TRC20 (USDT-TRON):
TRC20, also known as USDT-TRON, is a technical standard token issued on the TRON blockchain network. It operates using TRON's address, ensuring that all transactions involving TRC20 take place on the TRON network. This standard allows for seamless integration and interaction with the TRON blockchain.
2. CoinZoom as a Gateway for USDT (TRC20):
CoinZoom is highlighted as a prominent gateway for USDT (TRC20). It facilitates the exchange of USDT (TRC20) to USDT (ERC20) and vice versa instantly and without any fees. This emphasizes CoinZoom's role as a user-friendly platform for managing Tether transactions.
3. Depositing Tether USDT TRC20 to CoinZoom:
The guide provides step-by-step instructions on how to deposit Tether USDT TRC20 to a CoinZoom account. Users are directed to the Portfolio tab, where they can find USDT Tether and select the Receive button. They must then choose the network (TRC20 or ERC20) and share the provided wallet address with the sender.
4. Withdrawing USDT to an External Wallet:
The article explains the process of withdrawing USDT to an external wallet, emphasizing the importance of specifying the network (ERC20 or TRC20) when using the mobile app. Users are instructed to go to the Portfolio tab, find USDT Tether, select the Send button, and provide the recipient's wallet address along with the amount to send.
5. Conversion Fees:
There are no fees charged by CoinZoom for converting USDT (ERC20) to USDT (TRC20) or vice versa. The conversion is executed instantly at a 1:1 exchange rate, highlighting the cost-effectiveness of using CoinZoom for such transactions.
6. Wallet Structure:
CoinZoom users have a single USDT wallet that accommodates both USDT (ERC20) and USDT (TRC20). When sending USDT from the wallet, users can choose the desired network (ERC20 or TRC20) on the mobile app or use the correct wallet address for each network.
7. Conversion Between USDT (ERC20) and USDT (TRC20):
No conversion is required within CoinZoom when sending USDT (ERC20 or TRC20) to an external wallet. Users have the flexibility to send either ERC20 or TRC20 to an external wallet without the need for a separate conversion process.
In conclusion, the guide provides comprehensive insights into managing Tether (USDT) transactions on CoinZoom, covering depositing, withdrawing, conversion, and associated fees. The instructions are detailed, ensuring users can navigate the platform with confidence and make informed decisions based on their network preferences.
