What is Tether (USDT)?
Introduced in 2014, Tether (USDT) is an ERC-20 token and one of the most widely used stablecoins, a type of cryptocurrency designed to maintain a stable value by being pegged to a fiat currency, in this case, the US Dollar. Unlike other cryptocurrencies, Tether provides a digital asset with a consistent value, offering users a medium of exchange and a store of value in the volatile world of crypto. The creator of Tether asserts that USDT is supported by bank reserves and loans that either equal or surpass the circulating value of USDT. Learn more
USDT can be deposited or withdrawn using either the Ethereum or Polygon network.
How to Deposit USDT Into Your Coinmetro Account
For all information on how to deposit USDT into your Coinmetro account, please see the following help center article: How to Deposit USDT.
For the ERC-20 version of USDT
As Coinmetro uses smart contracts for ERC-20 token deposits, the amount of gas required is slightly higher than a typical transfer. To be sure that your transaction is successful, please set the transaction gas limit to 55,000. The fee difference is minimal. If your gas limit is too low, the transaction will simply be rejected by the Ethereum network. There is no risk of loss of assets caused by a too-low gas limit.
If you're depositing from another exchange, it is important to ensure they support sending funds to ETH contracts or using a full ETH wallet as an intermediary.
How to Withdraw USDT From Your Coinmetro Account
For all information on how to withdraw USDT from your Coinmetro account, please see the following help center article: How to Withdraw USDT.
Important Note - To request a withdrawal, your account profile needs to be verified as well as having the funds to cover your withdrawal. The first time a withdrawal is made to a destination, the destination needs to be confirmed via e-mail. If you have 2-Factor Authentication enabled for withdrawals, you will be asked to input the code for each withdrawal, approved or not. We suggest enabling 2-Factor Authentication to protect your account.
Withdrawals waiting for approval can be canceled and the withdrawal status can be found by selecting the Wallet on your Coinmetro Dashboard. Please note that already-approved withdrawals cannot be canceled. If there is no Cancel button visible, this unfortunately means the withdrawal can no longer be canceled, and you will find a transaction ID (TXID) instead. This is a link to the relevant transaction hash on a Blockchain Explorer website where the status can be checked further.