Exchanges

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Does Kraken support USDT?

Kraken, a prominent cryptocurrency exchange, offers support for USDT (Tether), widely known as a stablecoin pegged to the US dollar.

Sep 27, 2024 at 05:06 pm

Yes, Kraken supports USDT.

USDT, or Tether, is a stablecoin pegged to the US dollar. It is backed by a reserve of assets, including cash, bonds, and commercial paper. USDT is one of the most popular stablecoins in the world, and it is widely used for trading cryptocurrencies.

Kraken supports the following USDT trading pairs:

USDT/USD
USDT/BTC
USDT/ETH
USDT/LTC
USDT/BCH

To deposit USDT into your Kraken account:

Log in to your Kraken account and go to the Funding page.
Select USDT from the list of currencies.
Click on the Deposit button.
Enter the amount of USDT you want to deposit and click on the Submit button.

To withdraw USDT from your Kraken account:

Log in to your Kraken account and go to the Funding page.
Select USDT from the list of currencies.
Click on the Withdraw button.
Enter the amount of USDT you want to withdraw and click on the Submit button.

Please note that there are fees associated with depositing and withdrawing USDT on Kraken. The fees vary depending on the amount of USDT you are depositing or withdrawing.

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