The Ultimate Guide to Commission Withdrawal with Tether (USDT)
Definition of Tether (USDT)
Tether is a blockchain-based cryptocurrency whose cryptocoins in circulation are backed by an equivalent amount of traditional fiat currencies, like the dollar, the euro or the Japanese yen, which are held in a designated bank account. Tether tokens, the native tokens of the Tether network, trade under the USDT symbol.
Breaking down Tether (USDT)
Tether belongs to a new breed of cryptocurrencies called stablecoins that aims to keep cryptocurrency valuations stable, as opposed to the wide swings observed in the prices of other popular cryptocurrencies like Bitcoin and Ethereum. That would allow it to be used as a medium of exchange and a mode of storage of value, instead of being used as a medium of speculative investments.
Withdraw FOLLOWSTAR commission to Tether (USDT)
FOLLOWSTAR Commission can be withdrawn using USDT and by providing your USDT-ERC wallet info. The minimum withdrawal per transaction is USD 100. Please refer to the website of which service you use for details of current exchange rates between the US dollar and USDT. Now let’s take Huobi (one of the crytocoins exchange providers) as an example.
Step 1: sign up or log in your HuobiOTC account at：Huobi
Step 2: click Balances >> Exchange Account (Deposit and Withdrawal)
Step 3: choose Coin as USDT >> click Deposit >> choose ERC20 >> copy Deposit Address
Step 4: back to FOLLOWME application: Available Commission >> My Wallet >> Add USDT Wallet Address: paste your ERC20 Deposit Address
There will be a withdrawal fee between 5 to 30 USD depending on the volume of your transaction. It will take up to seven working days for us to process your withdrawal. FOLLOWSTAR reserves the right to request additional personal identity information before accepting withdrawal requests, including proof of address, for KYC purposes.
After withdrawing your FOLLOWSTAR commission, you may withdraw your USDT according to the Huobi rules. Reference at: Huobi
Please leave a comment or reach our customer service if you have any questions. Thank you for your support!
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Edited 19 Jun 2020, 12:47
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