How to send USDT to Solana wallet

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Can I send USDT to Solana? Read this guide and discover how to send USDT to Solana wallet by using crypto exchanges and Phantom.

Have you ever sent your USDT(or any other crypto) to the wrong address and lost it in the blockchain universe? Don’t worry, you’re not alone. This guide will help you master USDT transfers to Solana and ensure your digital assets reach their intended destination without any difficulties.

USDT is a popular stablecoin that works across multiple blockchains such as Ethereum, Solana, and Polygon. However, this interoperability comes with its own set of risks. Sending USDT to the wrong blockchain network address is like beaming your spaceship into a black hole – it disappears without a trace.

This guide is your ultimate compass to help you withdraw or transfer USDT on the Solana network. By continuing to read this guide you’ll learn the following on how to transfer USDT to Solana:

  • Send USDT To Solana wallet using Binance or Kucoin
  • How to install Phantom Wallet(Solana)

How To Send USDT To Solana Wallet: Summary

In short, below are the necessary steps to get this stablecoin from a crypto exchange by using Phantom Wallet. Additionally, I assume you already have a Binance account and are using a mobile device. Overall, you have to do the following:

  • Login on your Binance App
  • Install Phantom Wallet on your device
  • Create a new wallet and write down the recovery phrase(key)
  • Add USDT(Solana) to Phantom wallet
  • Transfer USDT from Binance using Solana to Phantom Wallet

The steps above are a quick take of the steps you have to follow. Later on in this guide, I’ll go into more detail by including screenshots. Remember that US and EU residents can’t use Binance. As a result, I’ll also explain how to do the USDT withdrawals on the Kucoin exchange.

Why use Phantom

First, to be able to use the Solana blockchain network you need a Web3 wallet like Phantom. In short, Phantom is a next-generation crypto wallet designed specifically for the Solana blockchain. It’s more than just a storage solution for your digital assets; it’s a gateway to the exciting world of DeFi (decentralized finance) and NFTs (non-fungible tokens).



How to Setup Phantom Wallet

Visit https://phantom.app/download and select your browser type. Follow the steps in your respective extension store to add Phantom to your browser. After installing, you should see Phantom Startup in a new tab. Basically, setting up a new wallet goes as follows:

  1. Create ‘New Wallet‘ and ‘Create a password
  2. Write down or store the seed phrase
  3. Finish the setup and start Phantom from within the browser
Installation of Phantom is finished
Installation of Phantom is finished

Finally, if you are using Chrome, it will be on the top right-hand side of your browser. If you don’t see it look for a “puzzle piece” icon and click on it to access a list of installed extensions.

At this point, you are all set and can start using the Phantom wallet on Solana.

TIP – A good option for securing your recovery phrase is to use a stainless steel crypto wallet that can survive about anything, from fire to acids, and lasts more than 20 years.

Withdraw USDT from Binance To Phantom Wallet

In order to send USDT to Solana wallet, the centralized Binance exchange is a very cheap way to use this blockchain network. Besides, it must be clear that you need some USDT funds available in your exchange wallet. If you don’t have USDT funds yet, buy some at the exchange or deposit USDT to the exchange.

Below are the steps you must follow:

  1. Make sure you are logged in at your Binance account
  2. Open Phantom Wallet App
  3. Click on Deposit button above
    Deposit button on Phantom
  4. Enter USDT in search bar and click USDT
    Add USDT token Phantom Wallet
  5. A big QR code appears with underneath the USDT address
  6. Copy USDT address to clipboard
    Copy USDT address on Phantom
  7. Click the Close button below
  8. Now switch and login to the Binance App
  9. Find your USDT funds(Crypto account) and click ‘Withdraw
  10. Paste your USDT address from clipboard in Address field
  11. Make sure to choose the Solana network here
  12. Finally, enter the amount of USDT and click Withdraw

To finalize the transaction you have to do one extra step where a PIN code will be sent to your e-mail address. Use this code sent to your e-mail to finalize the withdrawal. The entire withdrawal on the Arbitrum network should last a few minutes(1 to 5). Additionally, Binance will send a notification when the withdrawal has been processed.

Finally, at this point, you are all set to use USDT tokens on Solana and you can switch back to the Phantom wallet app.

👉Open a free account on Binance

How To Transfer USDT From Kucoin To Phantom Wallet

The Kucoin exchange is also a very commonly used platform for many mainstream crypto users all over the globe. The main reason I also added this exchange in this guide is that Binance cannot by used by US residents and many residents in the EURO area.

To send USDT to Solana wallet you can also use the Kucoin exchange to send assets using the Solana network. In short, the process for transferring USDT from Kucoin to Solana:

  1. Make sure you are logged in at your Kucoin account
  2. Repeat steps 2 to 7 from the Binance example above
  3. Now switch and login to the Kucoin App
  4. Find your USDT funds(Funding account) and click ‘Withdrawal
  5. Choose the Send via Crypto Network option
  6. Paste your USDT address from clipboard in Address field
  7. Make sure to choose the Solana network here
  8. Finally, enter the amount of USDT and click Withdraw

To complete the transaction, you need to take an additional step. Usually, a PIN will be sent to your email address. Please use this code to finalize the withdrawal. The entire withdrawal process on the Arbitrum network should take only a few minutes (between 1 to 5 minutes). Additionally, Kucoin will notify you when the withdrawal has been processed. Once this is done, you are all set to use USDT tokens on Solana. You can then switch back to the Phantom Wallet app.

👉Open a free account on Kucoin

Conclusion: Does USDT run on Solana?

Overall, it’s certainly possible to do USDT transfers using the Solana network. However, it is important to select the proper USDT receiving address as the wrong one (SOL for example) could result in a permanent loss of funds.

Consequently, Phantom Wallet is a popular option for crypto traders that are wanting to access the DeFi space. In this guide, I have explained to you the steps you have to take to send USDT to Solana by using Binance or Kucoin.

Moreover, the combination of crypto withdrawals from crypto exchanges to Phantom Wallet is a very convenient process that only takes a few minutes. Also, with funds available on Phantom Wallet you can access any DeFi platform. You simply have to connect your wallet to the decentralized application(dAPP) of your choice that runs on Solana.

Related: How to transfer USDT Arbitrum(Guide)

FAQ

Can I Withdraw From Kucoin To Phantom Wallet?

Users can now transfer crypto assets from their Kucoin Crypto Wallet to their Phantom Wallet app without any fees except for the gas fees, or needing to scan/input a wallet address.

How Long Does It Take To Send USDT to Solana?

In this guide, I explained the withdrawal process between Binance and Trust Wallet. Withdrawing USDT to Phantom Wallet (Solana) usually takes a few minutes and Kucoin will notify you when the transaction has been processed.


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