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?
How can I withdraw USDT to an external USDT wallet?
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.
FAQs
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.
Can you withdraw money from USDT to bank account? ›
To withdraw USDT to a bank account, you can transfer your USDT to an exchange that supports the withdrawal of USDT to a bank account. Then, you can initiate a withdrawal request and provide the necessary information, such as the bank account number, name, etc. The withdrawal process may take a few days to complete.
What is the difference between Tether and Tether TRC20? ›
Tether (USDT) exists in two primary variants: TRC20 and ERC20, each operating on different blockchain platforms. TRC20 Tether runs on the TRON blockchain, offering faster and cheaper transactions compared to ERC20 Tether, which operates on Ethereum.
How do I deposit and withdraw USDT? ›
To withdraw USDT to a bank account is simple. First, transfer your USDT to an exchange or wallet that allows USDT withdrawals. Once it's there, initiate a withdrawal and provide your bank account details, including your account number and name. The withdrawal process typically takes a few business days to complete.
What is USDT TRC20 payment method? ›
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.
How do I convert my USDT to cash? ›
Sell Tether for Fiat. Cash Out USDT in a Few Clicks
- Enter the amount of USDT that you wish to sell.
- Input the bank or card details where you'd like to receive your funds.
- Confirm the information to create your sell order.
- Send the exact amount of Tether to the provided wallet address.
Log in to XREX and go to Wallet. Click Withdraw and select USDT. Click Blockchain withdraw. Select whether you want to use ERC20 or TRC20 and enter the receiver's USDT address.
What wallets use USDT TRC20? ›
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.
What is the point of USDT Tether? ›
Tether's (USDT) aim is to provide a less volatile digital currency by pegging its value to the US dollar at a 1:1 ratio. USDT is one of the most widely adopted stablecoins, which are blockchain-based currencies that are tied - or tethered - to fiat currencies.
How much is 1 USDT TRC20? ›
Convert Tether USD (TRC-20) to US Dollar (USDT to USD)
| Amount | Today at 18:35 |
|---|
| 0.5 Tether USD (TRC-20) | 2.00 USD |
| 1 Tether USD (TRC-20) | 1.00 USD |
| 10 Tether USD (TRC-20) | 0.10 USD |
| 50 Tether USD (TRC-20) | 0.02 USD |
3 more rowsAnother option is to use a crypto wallet that allows you to convert USDT into other currencies without paying any fees. The transaction fee for withdrawing TRC20 USDT on Binance is 0.2 USDT ¹.
What network do I use to deposit USDT? ›
USDT is a cryptocurrency issued by Tether, that is compatible with the Ethereum/ERC20 and Tron/TRC20 networks.
How do I withdraw USDT from crypto to bank account? ›
How to submit a USD withdrawal request?
- Go to “Fiat Wallet” from Menu Button or the Accounts Menu. Tap “Transfer” > “Withdraw” > “USD”
- Tap on your USD balance and Withdraw USD.
- Tap Add Bank Account or select the preferred bank account if it has already been added.
Cashing out USDT TRC20 involves depositing the token into your wallet and then withdrawing it to an external wallet or exchanging it for your local currency.
Is USDT TRC20 safe to use? ›
TRC20 tokens, like USDT (Tether) on the TRON blockchain, are generally considered safe to use, as long as you transact with reputable exchanges or wallets that support them securely.
How do I transfer money using USDT TRC20? ›
To transfer USDT from your Trust Wallet to your Binance account, you can follow these steps:
- Open your Trust Wallet and select the Tether (USDT) token with the TRC-20 network.
- Tap on "Send" and enter the amount you want to transfer.
- Copy your Binance USDT deposit address for the TRC-20 network.
Convert Tether to United States Dollar
1 USDT equals 1.00 USD. The current value of 1 Tether is +0.09% against the exchange rate to USD in the last 24 hours. The current Tether market cap is $114.46B. Create a free Kraken account to instantly convert USDT to USD or trade USDT/USD markets today.
How do I receive money from USDT? ›
Receiving USDT is straightforward:
- Create a USDT wallet: Select a reputable cryptocurrency wallet that supports USDT.
- Find your USDT wallet address: Navigate to your wallet's receive section and copy your USDT address.
- Share your address: Give the address of your USDT wallet to the sender.
USDT is generally considered safe for investment, especially as a means to hedge against the volatility of other cryptocurrencies. However, like any investment, it comes with risks, and it's essential to consider Tether's efforts to maintain transparency and regulatory compliance.
