Stablecoins Deposits and Withdrawals: Introducing USDT on Bitnob

We’ve heard your request for stablecoins and we’re excited to announce that you can now send and receive stablecoin in the Bitnob app. You can do all your stablecoin transactions from your USD wallet on the app. 

Stablecoins are digital currencies that are pegged on the value of a currency, commodity, or financial instrument. The stablecoins supported on the Bitnob app are tied to the value of the US dollar. 

Your stablecoins, USDT, are displayed as a single balance on your USD wallet instead of having separate wallets for each stablecoin. This doesn’t affect your stablecoin transactions in any way. 

This new feature gives you more flexibility and confidence, especially for those not too fond of bitcoin’s volatility. 

Stablecoins deposits and withdrawals on the Bitnob app are a simple process and the whole transaction takes less than 5 minutes.

How to send USDT on the Bitnob app

• Open the Bitnob app
• Tap on the “Transfer” in the quick links sections
• Tap "Transfer as USDT”
• Tap “USDT (TRC20)”
• Scan or paste the USDT wallet address you want to send to.
• Tap “Next”
• Input the amount you want to send
• Tap “Next”
• Confirm the details in the transaction summary and Tap “Proceed”
• Input your transaction pin.

How to Receive USDT on the Bitnob app

• Open the Bitnob app
• In the Quick Links section of the homepage, Tap “more” and Tap “Receive”
• Tap “USDT”
• Tap “USDT (TRC20)”
• Scan or copy the USDT (TRC20) address and share it with your friends, family, and clients.
• Your funds will be received in your USD Wallet.

Want to try out our new stablecoins feature? Click here to start today.