When depositing cryptocurrencies like USDT or USDC on PrimeXBT, you'll be asked to select a network. Choosing the correct network is crucial - here’s a simple guide to help you.
What is a "Network"?
A network is the blockchain infrastructure on which your cryptocurrency transactions occur. Common networks for USDT and USDC include:
Ethereum (ERC-20)
BNB Smart Chain (BEP-20)
Tron Network (TRC-20)
Each network is separate and not compatible with others.
Why choosing the correct network matters?
Selecting the wrong network can lead to:
Loss of your funds (unrecoverable)
Delays in receiving funds
Additional transaction costs
How to find the right network?
Open your wallet or exchange where your crypto is stored.
Check the withdrawal section - your wallet will clearly state the network used ( e.g. ERC-20, BEP-20, or TRC-20).
On PrimeXBT, when making your deposit, select the network that matches exactly.
Example:
If your wallet says "USDT (TRC-20)," select the "Tron Network (TRC-20)" on PrimeXBT.
Need Help?
If you're unsure or make a mistake, contact PrimeXBT Support for assistance.
Happy trading!