USDT (Tether):
Description: Tether (USDT) is a stable cryptocurrency known as a "stablecoin," designed to maintain a value equivalent to the US dollar (1 USDT ≈ 1 USD) through dollar reserves backing its stability.
Use: It serves as a digital alternative to the US dollar for transactions on the BePrimeBroker platform, offering a reliable option due to its price stability.
USDT-TRX (Tether on the TRON Network):
Description: USDT-TRX is Tether (USDT) issued on the TRON blockchain using the TRC20 standard. TRON supports smart contracts and decentralized applications (dApps).
Identification: On exchange platforms, it is labeled as "Tether (TRX)" or "USDT (TRON)." To deposit or withdraw USDT-TRX, a wallet address compatible with the TRC20 standard on the TRON network is required.
USDT-ETH (Tether on the Ethereum Network):
Description: USDT-ETH is Tether (USDT) issued on the Ethereum blockchain using the ERC20 standard. Ethereum enables smart contracts and the creation of custom tokens.
Identification: It appears as "Tether (ETH)" or "USDT (Ethereum)" on platforms. Deposits and withdrawals require wallet addresses compatible with the ERC20 standard on the Ethereum network.
Before Making a Deposit or Withdrawal:
- Network Verification: Ensure you choose the correct network (TRON for USDT-TRX or Ethereum for USDT-ETH). Selecting the wrong network can result in fund loss.
- Wallet Address Compatibility: Confirm that the wallet address used is compatible with the respective standard (TRC20 for TRON or ERC20 for Ethereum).
- Fees and Processing Times: Take into account transaction fees and processing times, as they vary between networks.
- Minimum Deposit Requirement: Ensure you meet the minimum deposit amount, which will be displayed during the deposit process.
Information for Deposits:
Hash or TXID:
- Definition: A hash is a fixed-length alphanumeric string generated from a set of data through a mathematical function.
- Use: It acts as a "fingerprint" to verify the security and integrity of transaction data, ensuring no alterations have occurred.
Internal Wallet:
- Definition: An internal wallet is a secure feature within BePrimeBroker that allows users to store and manage their digital funds conveniently.
- Use: To locate your internal wallet, follow the guidance provided in the platform’s interface.
USD Wallet:
- Definition: The USD Wallet is a digital wallet within BePrimeBroker for storing US dollar balances.
- Use: Users can deposit cryptocurrencies, which are converted and credited as US dollars into their USD Wallet. This wallet facilitates balance additions, transactions, and fund transfers to other users within the platform.