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does coinbase have usdt trc20
Coinbase currently only supports USDT ERC-20, not USDT TRC-20, necessitating conversion for utilization on the platform.
Oct 27, 2024 at 01:49 pm
Does Coinbase Have USDT TRC20?
Coinbase supports a wide range of cryptocurrencies, but its support for Tether (USDT) can be confusing. Tether is a stablecoin pegged to the US dollar, meaning its value should always be around $1. However, there are different versions of USDT, including USDT ERC-20 and USDT TRC-20.
1. What are USDT ERC-20 and USDT TRC-20?
USDT ERC-20 is built on the Ethereum blockchain, while USDT TRC-20 is built on the Tron blockchain. The main difference between the two is the transaction fees. Transactions on the Ethereum blockchain can be expensive, while transactions on the Tron blockchain are much cheaper.
2. Which version of USDT does Coinbase support?
Coinbase currently only supports USDT ERC-20. This means that you cannot deposit or withdraw USDT TRC-20 on Coinbase. If you have USDT TRC-20 in your wallet, you will need to convert it to USDT ERC-20 before you can use it on Coinbase.
3. How to convert USDT TRC-20 to USDT ERC-20
You can convert USDT TRC-20 to USDT ERC-20 using a third-party exchange. There are many different exchanges that offer this service, such as Binance, FTX, and KuCoin. Once you have converted your USDT TRC-20 to USDT ERC-20, you will be able to deposit it into your Coinbase account.
4. Conclusion
Coinbase does not currently support USDT TRC-20. If you have USDT TRC-20 in your wallet, you will need to convert it to USDT ERC-20 before you can use it on Coinbase. You can convert USDT TRC-20 to USDT ERC-20 using a third-party exchange.
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