In this Article we explain everything you need to know about sending Tether (USDT) and USD Coin (USDC).
Insufficient Funds’ When Sending USDT Or USDC
You Require An Ethereum Balance In Your Wallet To Send Tether Or USD Coin.
This is because USDT and USDC are both ERC-20 tokens. ERC-20 tokens exist on the Ethereum network and therefore their network fee is taken in ETH. Prior to purchase of ERC-20 tokens we inform all user that this is the case and they will require a sufficient balance to send the token.
If you have no Ethereum balance, please navigate to ‘Actions’ > ‘Buy’ and select Ethereum. This will take you to our exchange partner Waltzer where you can purchase a small amount to cover the network fee.
ERC-20 Tokens.
ERC stands for "Ethereum request for comment”. ERC-20 serves as a smart contract standard, enabling developers to generate fungible tokens on the Ethereum network. This standard empowers developers to define the functionality of a token within the Ethereum ecosystem and enable distinctive functions and features.
All ERC-20 tokens require network fees to be paid in Ethereum (ETH).
Why Do My ERC20 Tokens Have The Same Public Address As My Ethereum?
In Jiggle, you will see that each of your ERC-20 tokens shares a public address with an Ethereum address. This is because ERC-20 tokens are stored on the Ethereum network. All ETH addresses begin with 0x…
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