Do I need Ethereum to swap USDT?

For any swap that involves ERC-20 coins, such as ETH, SHIB, USDC, and USDT, it is essential to have ETH in your wallet. ETH is the native currency of the Ethereum network and is required to pay for the computational power needed to execute transactions and smart contracts.

Network fees are paid to miners or validators who secure the network and process transactions. These fees vary depending on network congestion and the complexity of the transaction. Having sufficient ETH in your wallet ensures that you can cover these fees and complete your swap seamlessly.

It's important to note that while some exchanges or platforms may offer to cover these fees for you, it's always advisable to have your own ETH balance. This gives you more control over your transactions and allows you to avoid potential delays or additional costs.

Cryptocurrency transactions often involve network fees, particularly when dealing with ERC-20 tokens. ERC-20 is a technical standard used for smart contracts on the Ethereum blockchain. It defines a common set of rules for all ERC-20 tokens, enabling compatibility across various wallets and exchanges.

BTCC, a leading UK-based cryptocurrency exchange, offers a comprehensive range of services that cater to the needs of crypto enthusiasts. Among its offerings are spot trading, futures trading, and a secure wallet solution.