Tether (USDT) is a digital asset issued on the Bitcoin blockchain using the Omni Layer protocol. Its most notable feature is that it maintains a 1:1 equivalence with the US dollar, meaning it can be traded and redeemed on supported platforms at this fixed value. This stability makes it a popular choice for traders and investors in the cryptocurrency space.
How to Withdraw USDT to a Bank Card
To withdraw USDT from your account to a linked bank card, follow these structured steps:
- Open the official application and navigate to your dashboard.
- Transfer your USDT to your funding account if it isn’t already there.
- Select the “Assets” tab, usually found at the bottom of the screen.
- Choose “Withdraw,” then pick “Standard Withdrawal.”
- Select USDT as the currency, enter the recipient’s wallet address, input the amount, and confirm.
If the recipient uses the same platform or a partner exchange, you can use “Internal Transfer” for faster and fee-free transactions. Simply select the relevant platform, enter the recipient’s username and amount, and submit.
Key Considerations for Withdrawals:
- Always verify that both sender and receiver are using the same blockchain network (e.g., ERC-20, TRC-20, or Omni). Mismatched networks may result in permanent loss of funds.
- Standard withdrawals incur miner fees, which vary based on network congestion. These fees are paid to blockchain miners, not the platform.
- For certain currencies, in addition to the wallet address, you may need to include a Tag, MEMO, or Label. Omitting this information can lead to failed transactions.
Common Withdrawal Statuses and Their Meanings:
- Pending: Your withdrawal request has been submitted and is waiting to be processed.
- Under Manual Review: Some withdrawals may require additional verification for security purposes.
- Processing: The transaction is being confirmed on the blockchain and cannot be canceled.
- Successful: The funds have been sent. You can check the transaction status using the relevant blockchain explorer.
👉 Track your transaction status in real-time
How to Transfer USDT to Another User
Transferring USDT to another individual is similar to a standard withdrawal:
- Select “Withdraw” from your asset dashboard.
- Choose the appropriate network (e.g., ERC-20, TRC-20).
- Enter the recipient’s public wallet address accurately.
- Specify the amount and authorize the transaction.
Transfers using the Omni network (built on Bitcoin) typically take 30–60 minutes to confirm. Delays are often due to network congestion rather than platform issues.
Recent Platform Updates
The platform continuously improves its features for a better user experience. Recent enhancements include:
- Update 6.0.21: Introduced the ability to reset a wallet using a seed phrase directly within the app, added enhanced risk notifications for safer peer-to-peer (C2C) transfers, and optimized the deposit/withdrawal processes.
- Update 6.0.18: Launched a guest mode for the integrated wallet, added a stablecoin swap feature for 1:1 conversions with zero slippage, enabled one-click repayment for small debts, and refined the strategy trading interface.
- Update 6.0.16: Featured promotional giveaway events (in select regions), added a one-click arbitrage order function, and redesigned the wallet creation and import process for a smoother onboarding experience.
Frequently Asked Questions
What is the difference between USDT networks like ERC-20 and TRC-20?
ERC-20 is a standard on the Ethereum blockchain, while TRC-20 is on the TRON network. They are incompatible; you must send USDT using the same network the recipient’s address supports to avoid losing funds.
Why is my USDT withdrawal taking so long to arrive?
Withdrawal times depend on blockchain network congestion. Omni (Bitcoin-based) transfers are often slower than ERC-20 or TRC-20. You can often speed up the process by paying a higher miner fee.
Is it safe to transfer USDT to an external wallet?
Yes, it is safe as long as you double-check the recipient's address and the corresponding network (chain). Always perform a small test transaction first when sending to a new address.
What should I do if I forget my wallet password?
Some integrated wallets now allow you to reset your password using your secret recovery phrase (seed phrase). Keep this phrase secure and never share it with anyone.
Are there fees for transferring USDT to another user on the same platform?
Internal transfers to users on the same platform or its partner exchanges are usually free of charge and are processed instantly.
Can I cancel a withdrawal after it has been submitted?
You can only cancel a transaction if it is still in "Pending" status. Once it moves to "Processing" or is broadcast to the blockchain, it cannot be reversed.