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A comprehensive analysis of how USDT withdraws, on-chain withdrawals and internal transfers

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2024-01-26 20:51:113760browse

php editor Youzi will introduce in detail the two methods of USDT withdrawal: on-chain withdrawal and internal transfer. On-chain withdrawal refers to the operation of transferring USDT to other digital currency exchanges or personal wallets. What needs to be noted are the handling fees and withdrawal limits. Internal transfers are transfer operations carried out within the same exchange or platform. There is no need to pay handling fees, but they need to comply with the transfer restrictions stipulated by the platform. Understanding the processes of these two withdrawal methods will help users better manage and use USDT.

1. Withdrawal operation process on the usdt chain:

Open the Ouyi APP (click to download), select the [Assets] column - [Withdrawal] - select the currency [USDT].

A comprehensive analysis of how USDT withdraws, on-chain withdrawals and internal transfers

Select [On-chain withdrawal], and then select the withdrawal network, taking [USDT-ERC20] as an example. Next, enter or paste the withdrawal address and fill in the withdrawal amount. Click [Submit], and then obtain and enter the relevant password or verification code as required. Finally, click [Confirm Withdrawal] to complete the operation.

Note: When choosing a withdrawal network, please ensure that the [Recharge/Coin Deposit Network] of other exchanges or wallets is consistent with Oyi, such as USDT-ERC20, to avoid losing coins.

A comprehensive analysis of how USDT withdraws, on-chain withdrawals and internal transfers

2. USDT internal transfer operation process:

Open Ouyi APP, click [Assets], then click [Withdrawal], select the currency as [ USDT], then select [Internal Transfer], fill in the withdrawal account and amount, and then click [Submit]. Obtain and enter the relevant password or verification code as required, and finally click [Confirm Withdrawal] to complete the operation.

A comprehensive analysis of how USDT withdraws, on-chain withdrawals and internal transfers

Reminder: When withdrawing certain currencies, you need to fill in a label, which is usually a string of numbers. For example, for XRP, in addition to filling in the withdrawal address, you also need to fill in the label below to avoid losing the coins.

A comprehensive analysis of how USDT withdraws, on-chain withdrawals and internal transfers

3. Will I receive black coins when recharging on the usdt chain?

In the process of recharging on the USDT chain, you usually do not receive black coins directly. USDT is a digital currency. Its transaction and transfer process uses blockchain technology. Transaction records will be permanently recorded on the blockchain and cannot be tampered with.

However, it should be noted that some malicious fraud behaviors may exist, such as asking you to transfer USDT through deceptive means and recharge in the form of other digital currencies or black coins. Therefore, when performing recharge or transfer operations, be sure to carefully verify and confirm the identity and legitimacy of the payee to avoid losses due to fraud.

In addition, if you choose to use a trustworthy exchange or wallet for USDT transactions and deposits, there will generally be certain risk control and security measures in place to ensure the security and compliance of the transaction. It is recommended that you choose a formal, safe and reliable platform to operate, while keeping your personal account and transaction information safe to avoid being attacked by criminals or malicious fraud.

4. Types of usdt chains and transaction storage methods

On the USDT chain, there are currently three main types of USDT: USDT-OMNI, USDT-ERC20 and USDT-TRC20.

USDT-OMNI: USDT-OMNI is the earliest USDT version with Bitcoin (BTC) as the underlying protocol. It is issued and transmitted through Bitcoin’s Omni Layer protocol and therefore relies on the Bitcoin network for transaction confirmation.

USDT-ERC20: USDT-ERC20 is a USDT version based on the issuance and transmission of the ERC20 token standard of Ethereum (ETH). It runs on the Ethereum blockchain and uses Ethereum’s smart contract technology for transfers and transactions.

USDT-TRC20: USDT-TRC20 is the USDT version of the TRC20 token standard issued and transmitted based on the Tron blockchain. It uses Tron’s smart contract technology for transfers and transactions, with faster confirmation times and low transaction fees.

5. How to create a usdt address?

1. Download and install a wallet application that supports USDT. Some common wallet applications include TronWallet, MetaMask, Tether official wallet, etc.

2. Choose to create a new wallet or register an account in the wallet application. Follow the application guidelines and fill in the necessary information, such as username, password, mnemonic phrase, etc.

3. After completing the creation steps, the wallet application will generate a new USDT address for you. This address is the unique identifier used to receive USDT.

4. Please ensure that you keep sensitive information such as your private key, mnemonic phrase or password properly. This information is very important for you to recover your wallet, access and manage your USDT funds.

5. On the exchange or other USDT storage platform, provide your newly created USDT address to the other party in order to receive USDT transfers.

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