PrimeXBT is continuously improving our award-winning trading platform and releasing new features that are convenient for all users regardless of skill level or capital size. Many of our recent updates have been designed to save users time or money.
The latest platform update now integrates the TRON blockchain network to enable TRC-20 token support for USDT and USDC withdrawals and deposits, taking approximately one minute for transactions to confirm on the TRON blockchain.
TRC-20 Token Support Now Live On PrimeXBT
The TRON blockchain for TRC-20 tokens has been integrated alongside the Ethereum network for ERC-20 tokens and BNB Smart Chain for BEP-20 tokens. The TRON blockchain offers faster speeds and lower transaction fees than its competitors.
For example, USDT and USDC TRC-20 tokens require 20 block confirmations on the TRON blockchain, which takes approximately one minute, compared to up to four minutes for ERC-20 tokens. TRC-20 token transactions are on par with BEP-20 tokens, which take roughly one minute to confirm.
Crypto holders now have several different blockchains in which they can make a deposit, providing more variety, convenience, and options than ever before..
How To Use The TRON Network On PrimeXBT
The TRON network is immediately available to send and receive USDT and USDC TRC-20 tokens. BTC, ETH, and COV transactions over the TRON network are not available at this time.
To make a deposit, visit the deposit page of the USDT or USDC cryptocurrency wallet. There, be sure to specify the TRON network (TRC-20) in the drop-down box. The associated crypto wallet address will refresh to a unique TRC-20 address.
Remember to only send TRC-20 USDT and USDC tokens to the TRC-20 wallet. Sending other coins or tokens to the address, or sending TRC-20 tokens to an incorrect wallet address could result in the permanent loss of funds. Read more here.
Additional Deposit And Withdrawal Methods Come To PrimeXBT App
In addition to TRC-20 transaction support, the PrimeXBT mobile app for Android and iOS smartphones has also received an updated, more intuitive withdrawal process. The withdrawal process will now also support TRC-20 token versions of popular stablecoins Tether (USDT) and USD Coin (USDC).
The segregated withdrawal process arrived along with an ROI-sharing function for social media, the ability to buy crypto with a VISA and Mastercard, and a built-in exchange tool for swapping one cryptocurrency to another.
Stay tuned to the official PrimeXBT blog for more updates on any future platform or mobile app developments.
As an enthusiast and expert in blockchain technology and cryptocurrency trading platforms, I can attest to the significance of integrating various blockchain networks into trading platforms for enhanced user convenience and flexibility. The recent update from PrimeXBT, incorporating the TRON blockchain for TRC-20 tokens, is a noteworthy move that reflects a deep understanding of the evolving needs of cryptocurrency traders.
Integration of TRON Blockchain: The addition of the TRON blockchain alongside Ethereum (ERC-20 tokens) and BNB Smart Chain (BEP-20 tokens) showcases PrimeXBT's commitment to providing a diverse range of options for crypto holders. TRON's appeal lies in its faster transaction speeds and lower fees compared to its counterparts. This is supported by evidence indicating that USDT and USDC TRC-20 token transactions on the TRON blockchain require only 20 block confirmations, taking approximately one minute, as opposed to the potentially longer confirmation times on Ethereum's ERC-20 tokens.
Deposit Process on TRON Network: Users can seamlessly leverage the TRON network for USDT and USDC TRC-20 token transactions on PrimeXBT. To make a deposit, users need to navigate to the deposit page of the respective cryptocurrency wallet, specifically selecting the TRON network (TRC-20) from the drop-down menu. The wallet address will then refresh to a unique TRC-20 address, ensuring the correct routing of funds. It's crucial to note the specificity in sending only TRC-20 USDT and USDC tokens to avoid any potential loss of funds.
PrimeXBT Mobile App Updates: In addition to blockchain integration, PrimeXBT's mobile app updates further enhance the user experience. The introduction of an intuitive withdrawal process, supporting TRC-20 token versions of popular stablecoins like Tether (USDT) and USD Coin (USDC), showcases a holistic approach to platform development. The mobile app improvements include a segregated withdrawal process, an ROI-sharing function for social media, the ability to buy crypto with VISA and Mastercard, and a built-in exchange tool for seamless cryptocurrency swapping.
Continued Commitment to Improvement: PrimeXBT's dedication to continuous improvement is evident not only in the integration of new blockchain networks but also in the ongoing enhancements to its mobile app. Users can expect further updates by staying tuned to the official PrimeXBT blog, ensuring they remain informed about any upcoming developments in both platform and mobile app features.
In conclusion, PrimeXBT's strategic decisions to integrate TRON blockchain, optimize deposit processes, and refine its mobile app underscore its position as a forward-thinking and user-centric cryptocurrency trading platform. The evidence presented in the recent updates demonstrates a commitment to providing a comprehensive and efficient trading experience for users of all skill levels and capital sizes.
