Crypto Invest

5 Steps To Send USDT To Your Phantom Wallet

Send USDT To Phantom Wallet

Last updated on January 11th, 2022

Sending USDT to your Phantom Wallet allows you to perform liquidity mining on Raydium.

However, the Phantom Wallet only supports the SOL version of USDT, and not the ERC20 version which is commonly found on most platforms.

Here’s what you need to know about this process.

How to transfer USDT to Phantom Wallet

Here are 5 steps you’ll need to transfer USDT to your Phantom wallet:

  1. Buy USDT on a platform that enables USDT withdrawals via the SOL network
  2. Obtain the USDT withdrawal address on your Phantom Wallet
  3. Paste the withdrawal address on the platform of your choice
  4. Withdraw USDT via the SOL network to Phantom Wallet
  5. Receive USDT in your Phantom Wallet

Buy USDT on a platform that enables USDT withdrawals via the SOL network

To send USDT to your Phantom Wallet, you will need to purchase USDT on a platform that offers SOL withdrawals. Here are some platforms that you can use:

PlatformWithdrawal
Fees (SOL)
FTX0 USDT
Huobi0 USDT
Binance1 USDT
Crypto.com1 USDT
AAX0.5 USDT
OKEx0.8 USDT
Gate.io5 USDT

FTX may be the best option as they have the lowest trading fees (up to 0.07%). Furthermore, they offer free withdrawals on the SOL network as well.

Obtain the USDT withdrawal address on your Phantom Wallet

After buying USDT on the platform of your choice, you will need to obtain the deposit address of your Phantom Wallet.

You can go to ‘Deposit‘,

Phantom Wallet Select Deposit

and then search for ‘USDT‘.

Phantom Wallet Search USDT

You will see the deposit address that you can use to transfer from the platform of your choice to Phantom Wallet.

Phantom Wallet Deposit USDT

The deposit address is actually the same as when you are depositing BTC, ETH or USDC.

If you are finding it hard to remember all of these long deposit addresses, you may want to consider simplifying them using Unstoppable Domains.

This allows you to send crypto to a .crypto or .wallet address, which makes it much easier to transfer cryptocurrencies between platforms!

Paste the withdrawal address on the platform of your choice

Once you’ve obtained the address to send to, you’ll need to go to the platform of your choice to send your funds.

In this example, I will be using FTX.

On FTX, you’ll need to go to ‘Wallet‘, and then select the currency that you wish to withdraw.

FTX Select USDT

FTX supports USDT withdrawals using these 3 networks:

  1. ERC20
  2. TRC20
  3. Solana
FTX USDT Supported Networks

Withdraw USDT via the SOL network to Phantom Wallet

For the deposit address, you will need to paste the address that you’ve obtained from your Phantom Wallet.

Afterwards, you’ll need to select Solana SPL as the network that you’ll use to withdraw.

FTX Withdraw USDT

This is because the Phantom Wallet only supports SOL network deposits. If you transfer your USDT to Phantom Wallet via the ERC20 network, your USDT may be lost forever!

Receive USDT in your Phantom Wallet

After the transfer has been initiated, you will receive USDT in your Phantom Wallet.

Transfers on the SOL network are much faster than ERC20, and you should receive your USDT rather quickly!

Conclusion

When you are transferring USDT to your Phantom Wallet, you will need to make sure that you are sending it via the SOL network.

The fees when withdrawing USDT using the SOL network is much lower compared to that of the ERC20 network.

As such, it would be good to check that the platform that you’re using to buy USDT supports SOL withdrawals, and not just ERC20 withdrawals!

Huobi To Phantom Wallet (IN 4 STEPS)
Huobi To Phantom Wallet (IN 4 STEPS)
👉🏻 Referral Deals

If you are interested in signing up for any of the products mentioned above, you can check them out below!

FTX Referral (5% trading fee discount)

If you are interested in signing up for an FTX account, you can use my referral link.

You will receive a 5% trading fee discount for any trades that you make.

FTX Referral Trading Fee Discount

Binance Referral (Receive 5% off your trading fees)

If you are interested in signing up for a Binance account, you can use my referral link.

You will be able to receive 5% off all of your trading fees on Binance!

Crypto.com Referral (Get up to $25 USD worth of CRO)

If you are interested in signing up for Crypto.com, you can use my referral link and enter the code ‘x2kfzusxq6‘.

We will both receive $25 USD worth of CRO in our Crypto Wallet.

Crypto.com Referral

Here’s what you’ll need to do:

  1. Sign up for a Crypto.com account
  2. Enter my referral code: ‘x2kfzusxq6
  3. Stake enough CRO to unlock a Ruby Steel card or higher

The amount of CRO that you need to stake depends on the card you wish to get, and the currency you are staking in.

You can read more about the referral program on Crypto.com’s website.

AAX Referral (Receive up to $50 USDT worth of rewards)

If you are interested in signing up for an AAX account, you can use my referral link.

Here’s what you need to do to receive this reward:

  1. Sign up for an AAX account
  2. Complete level 1 KYC on the platform
  3. Generate 10,000 USDT in trading volume on the spot or futures markets + deposit 500 USDT via P2P, Quick Buy and Sell, cash deposit or crypto deposit

Once you have completed the criteria above, you will be able to receive 50 USDT in rewards.

You can view more about this promotion on AAX’s website.

OKEx Referral (Receive USD $10 of BTC)

If you are interested in signing up for an OKEx account, you can use my referral link. If you make a crypto purchase of ≥ $100 USD via Buy / Sell, we will both receive USD $10 worth of BTC.

Here’s what you need to do:

  1. Sign up for an OKEx account
  2. Go to Buy/Sell to buy crypto from a variety of methods (e.g. Credit Card or PayNow)
  3. Buy ≥ $100 USD worth of crypto
  4. Receive $10 USD worth of BTC in your OKEx account

If you use OKEx’s Buy/Sell feature, you will be buying your crypto from a 3rd-party payment provider.

OKEx Credit Card Payment Providers

The fees may vary, but the $10 USD credit should be able to help to pay for your trading fees!


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