Best crypto wallet for USDT – how to use (deposit USDT, withdraw USDT, borrow USDT, earn USDT)
hey everyone I’m Alex and today I want
to show you how to use copty wallet as a
wallet for
usdt in this video we’ll cover how to
add usdt to your wallet how to earn
income how to borrow and how to withdraw
usdt from copty wallet I’ve got some
tether in my account on the buybit
exchange and I’ll be demonstrating all
the operations using this
exchange so to add usdt tokens to your
cty wallet the first thing you need to
do is get a deposit address to do this
in the cty wallet click on receive
select the tether USD coin you can find
it in the list or use the search
function for example type in usdt now
you need to choose the network through
which you’ll be transferring usdt isn’t
a cryptocurrency but a token and you can
transfer it to copty using one of the
networks Tron ethereum binance smart
chain polygon POS chain and avac C chain
be aware that some networks use the same
token standard erc20 how however they
are different networks and if you choose
the wrong Network when transferring you
might lose your
money let’s opt for the Tron network is
it is the most popular Network for usdt
transactions on the screen that opens up
you’ll see a QR code with the address
and the address itself for the transfer
copy this address by pressing the copy
button and head over to the buy bid
exchange here select usdt click withdraw
enter the address you copied and for the
network choose trc20
again make sure you select the network
for which you received the address in
the COPD interface if you transfer
through the wrong Network your funds
could be lost now you need to enter the
amount just click on Max and send your
usdt by pressing the withdraw button all
that’s left is to confirm the transfer
and there you go your withdrawal request
is
sent let’s go back to the copty
interface let’s check if our funds have
arrived by pulling the screen
down hooray we’ve received our usdt
now we can use it for various purposes
for example send it to another copty
user our friend for free and without any
fees notice that I have a few TRX tokens
in my balance let me show you how I can
borrow some more usdt using my TRX as
collateral to do this let’s go to the
features tab select the loan option as
you can see I actively use the crypto
lending feature on copty it allows me to
unlock my funds for certain life
situations click on borrow choose TRX as
collateral and let’s see what the
maximum loan amount the system offers us
it’s 71.9 usdt let’s borrow it to do
this we’ll agree to the terms and click
confirm now we need to verify the
operation with a onetime
code success The Borrowed funds have
been credited to my
balance let’s
check so we see
75.4 usdt in the balance of our wallet
now we can use them as we wish or repay
the debt to get get our TRX back let’s
explore how I can earn by lending my
usdt to other copty users in exchange
for their cryptocurrency as collateral
for this we go back to the features Tab
and select earn here we click on invest
specify the amount of our deposit and
confirm the opening of the deposit with
a one-time
code our deposit is open note that
income acral starts the day after the
deposit is open and you’ll start
receiving earnings one day after the
deposit is opened this allows other cty
users enough time to take your money on
loan and pay interest on the loan which
is where your income comes from you can
close your deposit at any time and take
back your usdt tokens keep in mind that
you will lose all the income that has
not yet been credited to you to take
back your usdt tokens press the close
deposit button and confirm the closing
of the deposit with a one-time
code success your usdt has return to
your balance and the deposit is
closed let’s now repay our loan to get
back our TRX tokens we’ll go back to the
loan tab select our active loan and
click on repay flexible loans at copy
can be repaid at any
time enter the full amount of the loan
and confirm the repayment with a
one-time
code success our loan has been repaid
let’s return to the main page of our
wallet and we can see that our TRX
tokens have been fully restored to our
balance let’s go through the steps to
withdraw usdt from cty wallet first
we’ll head back to the buybit interface
and retrieve a deposit address via the
binance smart chain click on assets
funding deposit crypto usdt BSC bp20 and
get the transfer address copy this
address and return to copty
wallet in copty wallet select our usdt
and click on send via crypto Network
it’s crucial to select the correct
Network which in our case this binance
smart chain bp20 enter the transfer
address we obtain from bybit
since we want to transfer the entire
amount press the max button this will
cause the system to transfer all our
money and the fee will be automatically
deducted from the transfer
amount if you need to transfer a
specific amount you can uncheck the
option include a fee in the amount and
enter the exact amount you wish to send
like 2 usdt this way the recipient
receives exactly that amount and the fee
is charged separately from your balance
but since we are interested in
withdrawing all funds we’ll press Max
again
now simply click on send double check
all the information wallet address
amount and transfer Network and confirm
the transfer with a one-time
code success our withdrawal request has
been
sent as we can see it is now in the
queue for sending let’s wait for our
turn and for the transaction to be
sent after refreshing the screen we see
that our transaction has been sent and
the transaction hash has appeared let’s
now wait for it to be confirmed by the
block blockchain this usually takes 1 to
2
minutes all done our transaction is
successfully completed we can click on
the info button to view the transaction
details I hope you found this video
helpful and interesting don’t forget to
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with new tutorials and download cty
wallet for a convenient and secure way
to manage your cryptocurrencies
In this video tutorial, we show you the process of interacting with Cropty Wallet and the ByBit cryptocurrency exchange.
You can learn more about how to use Cropty Wallet to store USDT, as well as how to buy, exchange, and sell USDT in our article:
https://www.cropty.io/wallets/usdt-wallet
Cropty is a convenient and reliable solution for storing your assets, where you can also earn on deposits and take loans secured by your cryptocurrency.
ByBit is a centralized exchange that we recommend using for exchanging or buying cryptocurrencies on the P2P market.
Learn how Cropty Wallet helps you with your everyday USDT needs:
00:23 How to deposit USDT from other wallets to Cropty Wallet
02:10 How to borrow USDT
03:00 How to earn USDT
04:25 How to withdraw USDT from Cropty to other wallets
#Cropty #Tether #USDT #Wallet #DeFi #Loan #Blockchain #Cryptocurrency