Cryptocurrency Q&A
What network is Tether on Coinbase?
What network is Tether on Coinbase?
isabella_doe_socialworker
Thu Nov 28 2024
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5 answers
974
I'm trying to find out which network Tether is using on Coinbase. I need this information to make sure I'm using the right network when making transactions with Tether on the Coinbase platform.
5 answers
MountFujiVista
Sat Nov 30 2024
Tether's issuer asserts that the value of USDT is supported by an equivalent or greater amount of bank reserves and loans. This ensures that each USDT token in circulation is backed by sufficient assets.
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JejuSunshineSoulMateWarmth
Sat Nov 30 2024
It is crucial to note that Coinbase, a popular cryptocurrency exchange, currently only supports USDT tokens issued on the Ethereum blockchain, specifically the ERC-20 standard. This means that only USDT tokens that comply with the ERC-20 protocol can be used on Coinbase.
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Bianca
Sat Nov 30 2024
Users must be cautious when transferring USDT to Coinbase, as sending USDT tokens on any other blockchain network will result in the tokens being lost or unrecoverable. Coinbase does not support the receipt or processing of USDT tokens on any blockchain network other than Ethereum's ERC-21.
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Nicola
Fri Nov 29 2024
For those who wish to buy, sell, or trade USDT on Coinbase, it is essential to ensure that the USDT tokens they are using are compatible with Coinbase's requirements. Sending incompatible tokens to Coinbase may lead to irreversible financial losses.
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GalaxyWhisper
Fri Nov 29 2024
BTCC, a renowned cryptocurrency exchange, offers a range of services including spot trading, futures trading, and wallet services. With BTCC, users can buy, sell, and trade a variety of cryptocurrencies, including USDT, in a secure and reliable environment.
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