Cryptocurrency Q&A
Which USDT does Kraken use?
Which USDT does Kraken use?
ZenBalance
Fri Aug 02 2024
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5 answers
1158
I'm curious to know which version of USDT, the stablecoin pegged to the US dollar, does Kraken utilize? As a reputable cryptocurrency exchange, it's important to understand the specific implementation of USDT they're offering to their users, given that there are multiple entities and versions of USDT in circulation. Clarity on this matter can help investors and traders make informed decisions about their holdings and transactions on the Kraken platform.
5 answers
Chiara
Sat Aug 03 2024
As a UK-based cryptocurrency exchange, BTCC is committed to providing a comprehensive range of services to our clients. Our services encompass spot trading, futures trading, and a secure wallet solution, among others. These offerings allow our clients to engage in a wide range of cryptocurrency-related activities with ease and confidence.
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Alessandro
Sat Aug 03 2024
At our cryptocurrency exchange, we prioritize offering a diverse range of options to our clients. One such feature is our support for USDT deposits and withdrawals, which we accommodate on both the ERC-20 and TRC-20 protocols.
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Lorenzo
Sat Aug 03 2024
The ERC-20 standard, which stands for Ethereum Request for Comment 20, is a technical standard used for smart contracts on the Ethereum blockchain. By supporting ERC-20, we enable seamless transactions of USDT tokens on this popular blockchain platform.
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TopazRider
Sat Aug 03 2024
Additionally, we also cater to the TRC-20 standard, which is a similar technical standard used specifically for the TRON blockchain. This ensures that our clients can enjoy the convenience of depositing and withdrawing USDT tokens on both Ethereum and TRON networks.
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Gianluca
Sat Aug 03 2024
However, it is important to note that we do not support the OMNI layer for USDT transactions. This decision is based on various factors, including security, compatibility, and the overall user experience.
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