Fund your COTPS account.
Pay attention to what the COTPS website shows you for funding. At the time of my posting these instructions, COTPS wallet can only be funded in Tether (USDT) via the TRC20 network. It's possible COTPS could change this at some point, so don't take my instructions here as "gospel." Look at what the website shows you for options under "Mine" → "Recharge."
Assuming that the COTPS website currently shows
"TRC20" as the "Recharge" method, that means you need
Tether (USDT) in your crypto wallet. If you are newly funding a crypto
wallet, you'll likely need to send a bank wire from your regular bank account
in USD to your crypto wallet, then buy Tether with your USD inside your crypto
wallet/exchange. There is likely a fee to do that.
"TRC20" is the network that is
used to send a digital currency called "Tether." Tether is also known
as "USDT".
TRC20 is not a currency or coin. It is a transfer network for
Tether.
USDT is a digital currency that is pegged to the U.S. dollar so
that the value of it matches very closely the value of dollars. There are a
number of digital currencies which are pegged to the dollar like this. They are
referred to as "stable coins" generally.
When you do your withdrawal from your crypto wallet to fund your
COTPS wallet MAKE SURE YOU ARE SENDING THE CORRECT CRYPTO CURRENCY VIA THE
CORRECT NETWORK.
At the time of my posting these instructions that is Tether
(USDT) via the TRC 20 network.
There are other networks you can use to send Tether, but that
does not mean that you can use other networks to send
it to your COTPS wallet. Make sure you are using the correct network as
instructed by the COTPS "Recharge" page at the time you're sending
it.
I am not liable for any losses you might incur by following my instructions here, because if COTPS changes the currency or network that they allow to fund your COTPS wallet, the instructions above could become temporarily incorrect. Always follow what the COTPS "Recharge" page tells you to use.
Comments
Post a Comment