TRON Support Now Live On PrimeXBT For TRC-20 Deposits And Withdrawals

July 19, 2022
Reading Time: 2 min
TRON Support Now Live On PrimeXBT For TRC-20 Deposits And Withdrawals - TRC blog

PrimeXBT is continuously improving our award-winning trading platform and releasing new features that are convenient for all users regardless of skill level or capital size. Many of our recent updates have been designed to save users time or money.

The latest platform update now integrates the TRON blockchain network to enable TRC-20 token support for USDT and USDC withdrawals and deposits, taking approximately one minute for transactions to confirm on the TRON blockchain.

TRC-20 Token Support Now Live On PrimeXBT

The TRON blockchain for TRC-20 tokens has been integrated alongside the Ethereum network for ERC-20 tokens and BNB Smart Chain for BEP-20 tokens. The TRON blockchain offers faster speeds and lower transaction fees than its competitors.

For example, USDT and USDC TRC-20 tokens require 20 block confirmations on the TRON blockchain, which takes approximately one minute, compared to up to four minutes for ERC-20 tokens. TRC-20 token transactions are on par with BEP-20 tokens, which take roughly one minute to confirm.

Crypto holders now have several different blockchains in which they can make a deposit, providing more variety, convenience, and options than ever before..

How To Use The TRON Network On PrimeXBT

The TRON network is immediately available to send and receive USDT and USDC TRC-20 tokens. BTC, ETH, and COV transactions over the TRON network are not available at this time.

To make a deposit, visit the deposit page of the USDT or USDC cryptocurrency wallet. There, be sure to specify the TRON network (TRC-20) in the drop-down box. The associated crypto wallet address will refresh to a unique TRC-20 address.

Remember to only send TRC-20 USDT and USDC tokens to the TRC-20 wallet. Sending other coins or tokens to the address, or sending TRC-20 tokens to an incorrect wallet address could result in the permanent loss of funds. Read more here. 

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Additional Deposit And Withdrawal Methods Come To PrimeXBT App

In addition to TRC-20 transaction support, the PrimeXBT mobile app for Android and iOS smartphones has also received an updated, more intuitive withdrawal process. The withdrawal process will now also support TRC-20 token versions of popular stablecoins Tether (USDT) and USD Coin (USDC).

The segregated withdrawal process arrived along with an ROI-sharing function for social media, the ability to buy crypto with a VISA and Mastercard, and a built-in exchange tool for swapping one cryptocurrency to another.

Stay tuned to the official PrimeXBT blog for more updates on any future platform or mobile app developments.

Risk Disclaimer
Investing in or trading gold or other metals can be risky and lead to a complete loss of capital. This guide should not be considered investment advice, and investing in gold CFDs is done at your own risk.
The information provided does not constitute, in any way, a solicitation or inducement to buy or sell cryptocurrencies, derivatives, foreign exchange products, CFDs, securities, and similar products. Comments and analysis reflect the views of different external and internal analysts at any given time and are subject to change at any time. Moreover, they can not constitute a commitment or guarantee on the part of PrimeXBT. The recipient acknowledges and agrees that by their very nature any investment in a financial instrument is of a random nature and therefore any such investment constitutes a risky investment for which the recipient is solely responsible. It is specified that the past performance of a financial product does not prejudge in any way their future performance. The foreign exchange market and derivatives such as CFDs (Contracts for Difference), Non-Deliverable Bitcoin Settled Products and Short-Term Bitcoin Settled Contracts involve a high degree of risk. They require a good level of financial knowledge and experience. PrimeXBT recommends the consultation of a financial professional who would have a perfect knowledge of the financial and patrimonial situation of the recipient of this message and would be able to verify that the financial products mentioned are adapted to the said situation and the financial objectives pursued.

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