How to Withdraw USDT from Bitfinex on Statemine Print
Modified on: Tue, 14 Jun, 2022 at 10:44 AM
In this article, you'll learn how to withdraw USDT from Bitfinex to your account on Statemine, to take advantage of the extremely low fees needed to send assets.
Bitfinex is the only exchange that currently offers USDT on Statemine, but that will change in the future.
NOTE: USDT is a sufficient asset, which means you don't need KSM in your Statemine account to receive USDT. However, you do need KSM in the Statemine account in order to send USDT, since the transaction fees are paid in KSM. To learn how to teleport KSM to Statemine, please read this article.
How to withdraw USDT from Bitfinex
1. First log in to your Bitfinex account
2. Click on "Wallet" on the top right and select "Withdraw"
3. From the list of assets on the left, select "US Dollar", under TETHER
4. On the new screen, from the "Transport" drop-down menu select "Tether (USD) on Kusama"
5. Copy your Statemine address from your wallet (which is the same as your Kusama address) and paste it into the address field. Double-check that it's the correct account address.
6. Fill out the amount and choose the Bitfinex wallet to withdraw from, acknowledge you've read and understood the conditions, and then click the "Request Withdrawal" button.
7. After you go through Bitfinex's security checks your withdrawal will be processed in a few minutes and you'll see your USDT in your Statemine account!
In this article, you learned how to withdraw Tether (USDT) from your Bitfinex account. If you want to send USDT tokens from your account to another account on Statemine, check out this article.
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