Want to use Tether (USDT) for international remittances, salaries, splitting, or payments? Let’s discuss how you can transfer USDT through the ERC-20 network for quick, smooth and secure transactions!
Disclaimer: This article is for educational purposes only, and should not be seen as financial, investment, or legal advice.
What Is USDT?
USDT is the most popular stablecoin pegged to the U.S. dollar. Unlike other cryptocurrencies that can experience rapid price fluctuations, stablecoins like USDT maintains a steady value. This stability is achieved by holding US dollar reserves to back each USDT in circulation.
USDT was introduced by Tether Limited in 2014 to offer the best of both worlds to users: the speed, security, and convenience of crypto transactions and the stable value of the US dollar.
USDT adoption grew over the years, becoming a fundamental part of the crypto ecosystem. It's widely used for trading, providing a way to avoid the volatility of other cryptocurrencies without having to convert back to fiat currency. It’s also becoming more popular for international remittances, protecting wealth against inflation, and more.
Why Do Users Like the ERC-20 Network?
Users appreciate the ERC-20 standard for several compelling reasons, all boiling down to its simplicity, compatibility, and flexibility within the Ethereum ecosystem.
Thanks to ERC-20, tokens created on different projects can interact with each other seamlessly. You can use your tokens across various applications and services on the Ethereum network without worrying about compatibility issues. Also, the ERC-20 standard ensures a level of predictability and reliability. Users and developers know exactly how a token will perform within the Ethereum environment, reducing uncertainty and complexity. This standardization also minimizes the risks of contract errors, making it safer to invest in and use ERC-20 tokens.
Most of all, ERC-20 is very popular, and is widely supported by wallets, exchanges, and other services. This extensive adoption makes it easier for users to trade, store, and manage their tokens, enhancing the overall user experience and liquidity in the Ethereum ecosystem.
How to Set Up an ERC-20 Wallet
Ka.app is a crypto wallet that offers ERC-20 tokens, allowing you to transfer crypto to family or friends within seconds, wherever they are in the world. Ka.app is easy to set up. You just need to:
- Sign up for an account.
- Complete identity verification. This is crucial for regulatory compliance, and it will also protect your against fraud, money laundering, and other illegal activities.
- Ka.app will activate your account and you’re good to go!
How to Transfer USDT with ERC-20 Network
After signing up for a Ka.app account, you can already transfer USDT using the ERC-20 network in just a few steps. Here are two ways to do it:
a. Transfer USDT for FREE to other Ka.app users
- Log in on Ka.app.
- Click/tap the ‘Send’ icon.
- Enter the recipient’s mobile number and continue.
- Select ‘USDT.’
- Enter the amount of USDT that you’d like to send.
- Confirm with your passcode.
b. Transfer USDT to an external wallet
- Log in on Ka.app.
- Go to your portfolio.
- Click/tap ‘USDT.’
- Click/tap the ‘Withdraw’ icon.
- Enter the recipient’s wallet address and continue.
- Enter the amount of USDT that you’d like to send.
- Confirm the transfer with your passcode.
Final Thoughts
With Ka.app using the ERC-20 network, it stands out as a game-changer for USDT transfers, especially with ease, speed, and convenience. Also, in case you missed it, Ka.app allows you to transfer USDT to other Ka.app users for free. This means you can send as many USDT as you like without worrying about fees or additional costs. Experience the Ka.app difference today by signing up on our platform.
All the best!
FAQs
What other things can I do with my USDT on Ka.app?
Aside from USDT transfers, you can also buy, receive, deposit, withdraw, and convert USDT to euro or other cryptocurrencies on Ka.app.
How can I buy USDT on Ka.app?
There are different ways to buy USDT on Ka.app: through IBAN, bank transfers, Google Pay, Apple Pay, or using your debit/credit card.
Does ERC-20 support USDT?
Yes, the ERC-20 network supports USDT and many other cryptocurrencies.
Can I send USDT to any network?
You can send USDT across various networks, but you must ensure that the receiving address supports the specific network you're using to avoid losing funds.
