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How to deposit and withdraw via Tether (USDT)?

Article ID: 99310 Email Print
Question
How to deposit and withdraw via Tether (USDT)?

Answer

Increasing our range of cryptocurrencies, from April 2019 you can use also Tether (USDT) to fund your FXChoice account. Tether is available to clients in all countries, including the US and UK. 

Tether (USDT) is a cryptocurrency with a value meant to mirror the value of the U.S. dollar. The idea was to create a stable cryptocurrency that can be used like digital dollars.

Tether allows you to store, send and receive digital tokens pegged to dollars person-to-person, globally, instantly, and securely for a fraction of the cost of any alternative.

 

It works similarly to other cryptocurrencies (BCH, LTC, ETH, XRP). You need to open a USDT wallet at any USDT exchange.

 

Fees:

  • No deposit fee on our end. Payment system charges 0.5% fee for USDT transactions.
  • Fee on withdrawal is calculated dynamically (approximately 0.0004 BTC Gas\TX fee).

Limits:

  • Minimum deposit is 1 USDT and maximum is 1000000 USDT
  • Minimum withdrawal amount is 5 USDT and maximum is your account/wallet balance.

Processing ETA: automated

Geo restrictions: none

 

Where to buy Tether:

Tether is widely accepted throughout the cryptocurrency world. You can find it on most exchanges and buy it with almost every cryptocurrency or fiat currency (for example: https://tether.to/ ).

 

Deposit via USDT:

  1. Log in to your Backoffice > go to the Deposit section > choose Tether > fill in the form > hit the Submit button.
  2. The system will generate our USDT address > Use the generated details to complete the payment procedure through a dedicated payment app

 

Withdrawal via USDT:

Log in to your Backoffice > go to the Withdrawal section > choose Tether > fill in the form > hit the Send request button

The withdrawal request will be processed by our Finance Department within 24 hours and then initiated on the USDT network, which generally takes an additional 30 minutes to 2 hours for completion.

 

 

IMPORTANT NOTE!

* Transfers to/from USDT-denominated accounts/wallets to/from USD, EUR, GBP, AUD, CAD or cross-crypto denominated trading accounts/wallets are not allowed.


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Views: 172 Created on: Apr 30, 2019
Date updated: May 01, 2019

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