How to withdraw cash from imtoken usdt

When withdrawing USDT from imToken, select the Polygon network for faster and cheaper transactions, manually adjusting the gas fee for desired confirmation speed.

Jan 25, 2025 at 10:54 am

Key Points

• Understanding the different withdrawal options available on imToken
• Selecting the appropriate network and gas fees
• Completing the withdrawal transaction and monitoring its status

Step 1: Choosing Your Network

USDT is an ERC-20 token that operates on the Ethereum network. As such, you can withdraw USDT from imToken using either the Ethereum or Polygon networks.

• Ethereum Network: The original Ethereum network is secure and reliable, but transaction fees can be higher.
• Polygon Network: A layer-2 solution built on top of Ethereum, Polygon offers faster and cheaper transactions.

Step 2: Determining Gas Fees

When you withdraw USDT from imToken, you will need to pay a gas fee. This fee compensates the network miners for processing your transaction. Gas fees vary depending on network congestion and transaction complexity.

• Custom Gas Fee: You can manually set the gas fee you are willing to pay. A higher gas fee will result in faster transaction confirmation.
• Recommended Gas Fee: imToken recommends a gas fee based on current network conditions. This option balances speed and cost-effectiveness.

Step 3: Initiating the Withdrawal

1. Open imToken and select the "Assets" tab.
2. Tap on USDT and click on "Withdraw."
3. Choose the network you want to use (Ethereum or Polygon).
4. Enter the recipient address where you want to send the USDT.
5. Select the amount of USDT you want to withdraw.
6. Set the gas fee you are willing to pay.
7. Review the transaction details and click "Confirm."

Step 4: Monitoring the Transaction

Once you initiate the withdrawal, you can track its status on the corresponding blockchain explorer:

• Ethereum Network: https://etherscan.io/
• Polygon Network: https://explorer.polygon.technology/

FAQs

• What is the minimum withdrawal amount for USDT?

The minimum withdrawal amount for USDT may vary depending on the network you choose. For the Ethereum network, the minimum withdrawal amount is typically 5 USDT.

• How long does it take to withdraw USDT from imToken?

Withdrawal times depend on network congestion and the gas fee you pay. Generally, Ethereum network withdrawals can take around 15-30 minutes, while Polygon network withdrawals can be processed within a few minutes.

• What happens if my withdrawal is delayed or not processed?

If your withdrawal is delayed or not processed, you can contact imToken support for assistance. Also, you can check the corresponding blockchain explorer to verify the transaction status.

• Can I cancel a withdrawal request?

Once you initiate a withdrawal, it cannot be canceled. The USDT will be transferred to the recipient address you specified.