Today we have some very encouraging news for you. We have finished a long work on the technical part and are happy to announce that from now on the exchange you can deposit/withdraw USDT on Binance Smart Chain network.
How does it work?
USDT is a Tehter project stabelcoin. That is, in fact, it is not the usual cryptocurrency with a fluctuating rate, but a coin that is always worth $1. Stablecoins are convenient for settlements between users, as well as for transferring funds from one site to another.
Stablecoins, just like regular tokens, can circulate in different blockchains. USDT, for example, can be transferred in Ethereum (ERC-20), Tron, Binance Smart Chain (BEP-20), Solana networks. The difference between these networks is the speed of transactions and, most importantly, the fee amount.
One thing to be aware of — when making transfers between accounts, you must necessarily specify the wallet address of the network in which the transfer is made. Otherwise your funds may be irretrievably lost.
Why is it convenient?
First, when the choice of networks for transaction is large — it is always convenient. Secondly, fees on Binance Smart Chain network are usually low cost. This will allow KickEX users to deposit and withdraw USDT with minimal fees.
Additionally, we will please those of our users, who previously, for one reason or another, transferred their USDT to the exchange on the BSC network, which in fact “hung up”. Gradually we will manually carry out these transactions, and when the turn comes — each user will receive their funds.