- What is a USDT?
The token of the anchor dollar (USD) issued by Tether is called Tether USD, referred to as USDT, 1 USDT = 1 USD.
- What type of USDT?
At present, USDT supports four kinds of public chains. The following will be introduced according to the usage on the chain. Users can use the address to distinguish which one is their own USDT:
BTC-based omni-usdt is the most used in the chain because it is used for a long time. It is also the most stable currency supported by the exchange. However, because the transfer speed is based on BTC, it has the disadvantage of slow speed. The user must know the transaction record time as the chain confirmation number.quasi.It’s ten minutes in the fast, and one day in the slow.
Omni USDT's address starts with 1 or 3 and can be stored in a BTC wallet.
The ETH-based usdt is a stable currency that is second only to omni in the chain. The transfer speed is faster, but the actual accounting time is based on the confirmed number on the chain.Because based on ETH, the transfer will also be affected by the ETH main network.
The ERC20 USDT address starts with 0x and can be stored in the ETH wallet.
Based on TRX's usdt, the transfer speed is faster.The amount used is low.
TRX's usdt, starting with T, can be stored in the TRX wallet.
Based on EOS's usdt, the transfer speed is very fast. On July 30, 2019, Bitfinex developed the decentralized exchange EOSfinex on the EOS main network, and opened the EOS/USDT transaction pair, but it is not used frequently.
The above four usdt, because the cross-chain technology is not yet mature, currently can not transfer funds across the chain, please users know.
- Transfer USDT Why is the miner insufficient?
Transfer Omni USDT, which requires at least 0.0001 BTCs in the BTC wallet as the miner's fee for the transfer.
Transfer ERC20 USDT, which requires at least 0.001 ETHs in the ETH wallet as the miner's fee for the transfer.
- How long will the USDT transfer be successful?
Depending on the miner fee you set at the time of the transfer, the higher the miner fee, the faster the deal will be.
Omni USDT's transaction confirmation parameters are consistent with Bitcoin, a confirmation of 10 minutes, if it is transferred to the exchange, usually 2 confirmations arrive (20 minutes), and Omni USDT miners are also higher than ERC20 USDT.
- How to set the miners fee reasonably
Regarding the transfer, ET Wallet will not charge any fees from it.
The miner fee set by the user when transferring money in the ET Wallet wallet is the commission paid to the miner's package transaction. You can set the miner's fee according to your needs.In the case of network congestion or the desire for a fast and successful transaction, ET Wallet recommends that you set a higher transaction fee so that the transaction will not be packaged for a long time.