Today’s the day. Multi-network support for Tether has arrived at BitMEX, meaning users can now deposit and withdraw USDT TRC-20, on top of USDT ERC-20.
It’s an addition that gives users the chance to send or receive USDT via their network of choice – namely Ethereum or TRON. What’s more, depending on the network chosen, users can potentially benefit from lower fees and near-instant transaction times.
Next up, we’re adding multi-network support for USDT on the Solana network, which will arrive in early September. It’s all part of our ongoing focus to enhance the versatility and accessibility of our platform. More on this – and our upcoming spot trading pairs – to come.
For the 101 on multi-network support for USDT – and how to deposit/withdraw USDT TRC-20 on BitMEX – read on.
If you haven’t yet created a BitMEX account, you can do so here.
The 101 on Multi-Network Support for USDT
From today, users can deposit and withdraw USDT via their preferred network (Ethereum or TRON). For example, if a user deposits 1,000 USDT ERC-20 and 300 USDT TRC-20, the deposit will reflect a single asset – meaning the user’s Wallet will display a balance of 1,300 Tether.
Upon topping up their USDT balance, users will be able to trade any USDT-margined crypto derivatives contract (like this ETHPOW listing), convert and Earn Tether, as well as spot trade cryptocurrencies that are paired against USDT – regardless of which type of Tether they have in their balance. This is because all Tether tokens are fungible and can be used interchangeably on our platform.
What’s more, users will be able to withdraw USDT from BitMEX in either its ERC-20 or TRC-20 form, no matter which network is used to deposit Tether. For example, if a user deposited USDT ERC-20 on BitMEX, and later wants to withdraw USDT, they’ll be able to withdraw their Tether tokens via the TRON network.
Note: Ethereum USDT addresses all start with “0x”, whereas USDT TRC-20 addresses always start with “T”. Before you deposit or withdraw USDT, it’s important to double-check the address you’re sending USDT to – as you’ll lose your funds if you send USDT to the incorrect address or network.
What is USDT TRC-20?
USDT TRC-20 is a USD-pegged stablecoin issued on the TRON network. TRC-20 based USDT enables interoperability with TRON-based protocols and Decentralised Applications (DApps), while allowing users to transact and exchange fiat-pegged currencies across the TRON Network. Users who choose to send or receive USDT TRC-20 generally pay low transaction fees and enjoy near-instant transaction times.
What is USDT ERC-20?
USDT ERC-20 is a cryptocurrency issued by Tether on the Ethereum network. USDT ERC-20 complies with the ERC-20 standard, one of the oldest and most trusted standards for creating tokens. The upside of using USDT ERC-20 is that it can be directly exchanged for any other ERC-20 token, such as Chainlink (LINK) and Uniswap (UNI).
How to Deposit USDT TRC-20 on BitMEX
1. Head over to your Wallet and click the ‘Deposit’ button.
2. Select ‘USDT’ under ‘Currency’. Then, select ‘TRON’ under ‘Network’. (Alternatively, select ‘Ethereum’ under ‘Network’ if you want to deposit USDT ERC-20).
3. Scan/copy your TRON USDT wallet QR code/address to transfer USDT TRC-20 from your other wallet(s) into BitMEX.
On the platform where you intend to withdraw USDT TRC-20 from, input your TRON USDT wallet address and follow the platform’s withdrawal instructions.
After completing step three, you’ll receive an email notifying you that you’ve successfully deposited crypto into BitMEX.
Note: Before confirming your USDT deposit, it’s important to ensure that the network selected matches the network of the USDT address you’re sending funds to/from.
How to Withdraw USDT TRC-20 From BitMEX
1. Head over to your Wallet and click the ‘Withdraw’ button.
2. Select ‘USDT’ under ‘Currency’, then select ‘TRON’ under ‘Network’.
3. Enter or select a TRON USDT wallet address as the withdrawal destination. Then, input the amount you wish to withdraw.
4. Review your withdrawal details, and then tap ‘Continue’.
5. Retrieve and enter the 6-digit verification code from your authenticator app and tap ‘Confirm’.
Depending on the withdrawal address’ configuration, you may need to verify your withdrawal request via email as well.
Note: Before confirming your USDT withdrawal, it’s important to ensure that the network selected matches the network of the USDT address you’re sending funds to/from.
*For a walkthrough of how to deposit and withdraw crypto via the BitMEX Mobile app, check out this how-to guide.
On Their Way: More Supported Networks and Tokens
In the coming weeks and months, our platform will continue to extend the networks available for USDT deposits and withdrawals. Next up, we’re adding support for USDT on the Solana network, which is due to arrive next week. More tokens are also on their way to BitMEX, so stay tuned.
Download the BitMEX Mobile app to trade your favourite crypto derivatives contracts and spot trading pairs on the go, and connect with us on Discord, Telegram, and Twitter to be the first to know about our new listings and giveaways.
In the meantime, if you have any questions please contact Support.
Related
FAQs
Select Tether (TRON USDT TRC20) in the Withdrawal section of your Personal Area. Choose the trading account you wish to withdraw from and the amount in USD, as well as your private wallet address; take care to provide this exact or funds may be lost and irrecoverable. Once this form is complete, click Continue.
How do I withdraw USDT from BitMEX? ›
How to Withdraw USDT TRC-20 From BitMEX
- Head over to your Wallet and click the 'Withdraw' button.
- Select 'USDT' under 'Currency', then select 'TRON' under 'Network'.
- Enter or select a TRON USDT wallet address as the withdrawal destination. ...
- Review your withdrawal details, and then tap 'Continue'.
What is Tether TRC-20? TRC-20 is Tether's USDT issued on the TRON network. It is a technical standard token that works based on TRON's network or blockchain, using TRON's address, which means that all transactions made with the TRC-20 happen on the TRON network.
How long does TRC20 USDT withdrawal take? ›
TRC20 USDT Withdrawal usually takes time less than 5 minutes. Every withdrawal processing time is depend on the blockchain confirmation. If the network is smooth , the confirmation will be faster , thus the deposit/withdrawal will be credited faster.
Why is TRC20 withdrawal suspended? ›
Due to wallet maintenance, USDT-TRC20 withdrawal function will be temporarily suspended.
Where can I transfer USDT TRC20? ›
The exchanges that currently support TRC20-USDT include Binance, XREX, OKEX, KuCoin, Bitfinex, Poloniex, Bithumb, DragonEx, Gate.io, ZB.com, Bigone and TRXMarket. You can now enjoy better fees when you withdraw USDT from XREX with the support of TRC20-USDT, and the deposit fee is still free.
Does BitMEX support USDT? ›
Buy Bitcoin, Ethereum and USDT via our partner, OnRamper, in just minutes.
Can I transfer USDT to BitMEX? ›
Scan/copy your Solana wallet QR code/address to transfer USDT (SOL) from your external wallet(s) into BitMEX. On the platform where you intend to withdraw USDT (SOL) from, please select your Solana wallet address and follow the platform's withdrawal instructions.
How long does a TRC20 transaction take? ›
Blockchain Data
Execution time of 25ms.
How to convert USDT TRC20 to USD? ›
How to swap USDT to USDC
- Choose the exchange pair: Tether USD (TRON) vs USD Coin (Ethereum), in this case.
- Enter the address of the recipient to process the Tether USD (TRON) - USD Coin (Ethereum) transaction.
- Check the rate: how many USDT in USD Coin (Ethereum) you'll receive.
USDT to USD
| Amount | Today at 8:56 am |
|---|
| 1 USDT | $1.00 |
| 5 USDT | $5.00 |
| 10 USDT | $10.00 |
| 50 USDT | $50.00 |
4 more rowsA cryptocurrency address represents a destination in the blockchain. You can easily find your USDTRX wallet address in Freewallet. Click on the “Receive” button and choose Tether TRC20. There you'll find your wallet address and you'll be able to deposit funds on your balance.
How do I withdraw from BitMEX? ›
Log in to your BitMEX account, navigate to the “Account” tab, and tap the “Withdraw” button.
How can I withdraw USDT to cash? ›
Follow these simple steps below to sell USDT:
- Sign up for a Kraken account. You just need an email address, username and a strong password.
- Verify your Kraken account. All you need is your name, birth date, country of residence and a phone number.
- Send USDT to your Kraken Address. ...
- Sell USDT.
On the mobile app, choose the receiving wallet and network after selecting the amount to send. 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. Confirm the send in the web app.
Why is TRC20 suspended today? ›
Due to the wallet maintenance, Huobi Global has now suspended the deposit of USDT(TRC20). Resumption will be made as soon as the maintenance is completed and the resumption time will be notified via announcement.
How do I activate my TRC20? ›
You need to activate your Tron account before depositing TRC20 tokens. Before you can receive TRC20 tokens, you must send at least 0.1 TRX to your new Tron account. When you fund your new account, it will get activated on the chain and you will be able to receive TRC20 tokens.
Does Coinbase accept TRC20 USDT? ›
Litecoin TRC20 is not currently supported across Coinbase's vast ecosystem.
Which wallet is best for TRC20? ›
Keep all your TRC20 Tokens safe with D'CENT Cold Wallet. for accessing Dapps on the TRON network. Try it today by downloading our "FREE to Use" D'CENT Mobile App. Available for iOS and Android.
Can you use BitMEX in the US? ›
It's important to note that BitMEX isn't available to U.S. users. The exchange also does not provide services to customers in Cuba, Crimea and Sevastopol, Iran, Syria, North Korea, and Sudan.
If you're in the United States, you won't be able to use BitMEX. In 2015, the cryptocurrency exchange and derivative trading platform enforced a ban on US traders due to local regulation laws in the country. In short, BitMEX isn't authorized by the Commodities Futures Trading Commission (CFTC).
How do I deposit USDT on BitMEX? ›
How To Deposit USDT to Your BitMEX Account
- Go to Account > Deposit.
- Select USDT to retrieve your Tether Deposit Address.
- Transfer Tether (ERC20-USDT) to your Tether Deposit Address. For Mainnet, the transacting network is the Ethereum network (ERC20).
Look for Tether (USDT) currency under Assets and click SEND. The Send cryptocurrency dialog box will then appear. Enter the recipient's Tether address into SEND TO field, or if you're sending USDT to another Paxful user, you can enter their username by clicking PAXFUL USER.
Which account can I transfer USDT to? ›
USDT is fairly simple to use. When you have account on exchanges such as Remitano, Poloniex... that support USDT, you then have USDT wallet. It can be easily transferred from an exchange to any Omni Layer enabled wallet.
What networks can you transfer USDT on? ›
Currently, the USDT token can be issued on several cryptocurrency networks: Bitcoin, Ethereum, EOS, Tron, Algorand, and OMG Network.
How much is TRC20 transfer fee? ›
If the account transferring the TRC20 assets does not have sufficient energy, it will be charged a network fee of TRX 4.09668 (~USD 0.26), a huge cost for digital asset businesses processing high volumes of transactions daily.
Can I sell USDT TRC20? ›
How to Sell Tether TRC20 on Symlix marketplace. Symlix is a peer-to-peer marketplace where users buy, sell and exchange cryptocurrencies. The platform offers secure Tether TRC20 trades and live chat for users to communicate with each other.
Can I transfer USDT to my bank account? ›
Cash out USDT the easy way. Sell Tether's USDT stablecoin from any wallet and withdraw funds in 14 fiat currencies directly on your bank account in 171 countries.
What is TRC20 USDT wallet address? ›
The token is implemented as a TRC20 smart contract at address TR7NHqjeKQxGTCi8q8ZY4pL8otSzgjLj6t with 6 number of decimals.
How much is $100 USD in USDT? ›
The conversion value for 100 USD to 99.901 USDT.
Tether USD (TRON) Price for today is $1.
Is USDT TRC20 cheaper? ›
TRC20-USDT refers to USDT issued on the TRON network, and ERC20-USDT refers to USDT issued by Tether on the Ethereum network. The USDT issued on TRC20 and ERC20 are both identical, however, fees for transferring this USDT can often be cheaper on the Tron network using TRC20.
How to convert USDT TRC20 in Trust Wallet? ›
Exchange USDT (TRC-20) to Trust Wallet Token (BEP2)
- Enter the desired amount of Tether (TRC20) and write your wallet address to receive currency.
- Send Tether (TRC20) to the address from your order, after the required network confirmation, Trust Wallet Token (BEP2) will be sent instantly.
- An ERC20 Address only starts with '0' and 'x'. For example: 0xbc6e.
- A TRC20 Address only begins with a capital 'T'. For example: T9zG21.
Stablecoin accounts can be easily recognized by an address format. Notably, the USDT address on the Tron network (TRC-20 ) begins with the letter "Tx." The USDT address on the Ethereum (ERC-20) network, meanwhile, starts with the letter "0x."
How to convert USDT TRC20 to BTC? ›
Choose the exchange pair: Tether USD (TRON) vs Bitcoin, in this case. Enter the address of the recipient to process the Tether USD (TRON) - Bitcoin transaction. Check the rate: how many USDT in Bitcoin you'll receive. Confirm the transaction, make the deposit, and you've converted 1 Tether USD (TRON) to Bitcoin!
How long does it take to withdraw from BitMEX? ›
BitMEX processes most bitcoin withdrawals in real-time. This may involve a manual review of your attempt to ensure that withdrawals are legitimate. For security reasons, larger Bitcoin withdrawal amounts are processed daily - the cutoff time for larger Bitcoin withdrawals is 13:00 UTC.
What countries are restricted by BitMEX? ›
US Persons (including, but not limited to, US Citizens and US Residents) nor to natural or legal persons located in, established in, or a citizen of Cuba, Iran, Syria, North Korea, Crimea and Sevastopol, Donetsk People's Republic, Luhansk People's Republic of Ukraine, Kherson Oblast and Zaporizhzhia Oblast.
What countries allow BitMEX? ›
- Zimbabwe.
- France.
- China.
- Indonesia.
- Uruguay.
- Brazil.
- United Kingdom.
- Egypt.
Select Tether USDT ERC20 from the Deposit section of your PA. Choose the trading account you would like to deposit into, then click Continue. The assigned USDT ERC20 address will be presented, and you will need to send the desired deposit amount from your private wallet to the Exness ERC20 address.
Exchange in 3 steps
- Enter the desired amount of Tether (TRC20) and write your wallet address to receive currency.
- Click the "Exchange now" button and you will be taken inside your order.
- Send Tether (TRC20) to the address from your order, after the required network confirmation, Tether (ERC20) will be sent instantly.
Our top pick for converting USDT to USD is Binance. The platform comes with zero fees, and a host of verified users to ensure the best liquidity to reduce slippage for large USDT sell transactions.
Can I withdraw USDT TRC20 as ERC20? ›
No. There's only 1 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.
How do I withdraw from USDT Tron? ›
How to Withdraw USDT
- Log into your Poloniex account and click on wallet. ...
- Upon arrival, click Withdraw. ...
- If you enter an USDT-ERC20 address, please select ERC20 for withdrawal of your funds.
- If you enter an USDT-TRON address, please select TRC20 for withdrawal of your funds.
Fellow Binancians,
Deposits and withdrawals for TrueUSD (TUSD) are now open on the TRC20 network. Please find your assigned TrueUSD (TUSD) deposit address on the TRC20 network within the Deposit Crypto page here. Thanks for your support!
Which wallet is TRC20? ›
A Tether TRC20 wallet is a software where users can store and manage their USDTRX.
Does Coinbase have USDT TRC20? ›
Litecoin TRC20 is not currently supported across Coinbase's vast ecosystem.
How do I accept USDT TRC20? ›
Deposit & Withdrawing Tether USDT (TRC20)
- Login into your CoinZoom account at trade.coinzoom.com. ...
- Click on the Portfolio tab.
- Scroll down to the Tether USDT wallet and click “Receive”.
- Click on the USDT Network that you are going to be receiving from, either TRON or Ethereum.
Exchange in 3 steps
- Enter the desired amount of Tether (TRC20) and write your wallet address to receive currency.
- Click the "Exchange now" button and you will be taken inside your order.
- Send Tether (TRC20) to the address from your order, after the required network confirmation, Tether (ERC20) will be sent instantly.
Find USDT Tether and choose the Send button (web app) or tap into the cryptocurrency and choose Send (mobile and Pro apps).
- On the web app, click on USDT Tether's Send button.
- Choose Send on the Pro app.
- Choose Send on the mobile app.
Deposit USDT only through ERC20 or TRC20. DO NOT send any other cryptocurrency/network as it will result in loss of funds, and we cannot guarantee that we will be able to recover them. USDT will be converted to USD at the live rate at the time of the transaction.
How do you open a TRC20 wallet? ›
Step 1: Open the application, at the homepage click the Wallet icon → Manage. Step 2: Click Add Wallet and click on the Tron (TRX TRC20) icon to create a Tron Wallet, or you can choose to create a Multi-chain wallet to own more wallets with just one passphrase (recommended) → Create.
