Cryptocurrency Q&A
Why do I need ETH to receive USDT?
Why do I need ETH to receive USDT?
Caterina
Sun Dec 29 2024
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6 answers
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I'm trying to understand why I need to have ETH in my wallet to receive USDT. Is it because of the gas fees involved in the transaction? Or is there another reason behind this requirement?
6 answers
CryptoBaron
Tue Dec 31 2024
It is imperative to have ETH in your wallet to facilitate the transaction fees associated with any swap involving ERC-20 coins.
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Sara
Tue Dec 31 2024
The necessity of ETH extends to covering network fees for a variety of ERC-20 coins.
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GeishaWhisper
Tue Dec 31 2024
Coins issued on the Ethereum blockchain possess a specific designation known as 'ERC-20' tokens.
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Luca
Tue Dec 31 2024
Some examples of ERC-20 coins that require ETH for network fees include ETH itself, along with SHIB, USDC, and USDT.
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GalaxyGlider
Tue Dec 31 2024
BTCC, a prominent cryptocurrency exchange, offers a comprehensive range of services that cater to the needs of crypto enthusiasts.
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