PrimeBit’s team is working hard to create the best P2P trading platform. We have just added TRON payments for your Tether accounts. Now you can deposit and withdraw your USDT with no delay paying no more than 1 USD for a transaction.
Check out if your crypto exchange supports TRC20 payments. If it’s available for your account, we’d recommend using it for Tether deposits, as your funds will arrive at the PrimeBit account faster.
Just pick the payment method.
Tether is the world’s leading stablecoin, pegged 1:1 to the US dollar. Stable coins are handy for cryptocurrency traders. There are two main reasons to use them:
- It reduces volatility in your operations. When trading with a BTC or ETH account, your net profits depend on the price movements of the account’s base currency. Sometimes it’s beneficial to you, sometimes not. If you want to reduce the complexity of your investments, it’s better to move at least a part of your holdings to a USDT account.
- Stablecoins are an excellent solution for cryptocurrency holders who think that the market will experience a local correction. You can cash in on your profits without leaving the cryptocurrency ecosystem.
Tether is the largest stablecoin, with a market cap exceeding $70 million and the most significant trading volume of all cryptos.
Unfortunately, moving USDT has been slow and expensive. That’s because Tether has been launched on the Ethereum blockchain, and the gas prices are very high at the moment.
That’s why USDT is being moved to alternative networks. TRON uses the Proof-of-Stake consensus protocol. The value of USDT on TRON is almost as high as the one running on Ethereum. You can check the current status on the official Tether page.
As you can see, enabling TRON deposits and withdrawals on PrimeBit was a no-brainer for our team. We did it and you can send USDT tokens for free using TRC20. PrimeBit charges no fees for TRC20 deposits. You’ll pay just $1 for a withdrawal.
Here’s a list of crypto exchanges supporting TRC20 based USDT. You can store your TRON Tether the original TronLink wallet similar to Metamask for ETH or any other reputable services.
About TRON Network
Ethereum inspired the TRON blockchain creators. Justin Sun established TRON in 2017. He is now the company’s president and CEO, having graduated from Peking University and the University of Pennsylvania with economics. He was born in 1990 and previously worked with Ripple, acting as its principal representative in the Greater China region.
TRON’s virtual machine is very similar to the Ethereum Virtual Machine (EVM); that’s why it is so easy to create copies of Ethereum smart contracts. On the other hand, TRON uses a delegates Proof-of-Stake protocol, allowing much cheaper and faster transfers. Your deposit and withdrawal to PrimeBit over the TRON network should arrive almost immediately, as most transactions are confirmed within a minute.