Starting October 30, 2018, EXcoin has enabled the USDT deposit and withdrawal function. USDT (tether.to) is a USD electronic token introduced by Bitfinex, the world’s largest and most advanced cryptocurrencies exchange, and is supported by various exchanges globally. Classified as an equity token by the Bitcoin network (Omnilayer Protocol), the amount of USDT issued is in accordance with the actual amount of fiat currency held by banks, and its market value is 1:1 anchored to the price of US dollar. User can send and receive USDT like bitcoin in blockchain. At present, USDT deposit and withdrawal is available on EXcoin, and the deposit address is the same as Bitcoin. Please note that because USDT transfer relies on Bitcoin network, a service fee in the form of Bitcoin is required each time you perform an action (depost/transfer/withdrawal). Taking into consideration the cost to customers as well as common industry practice, EXcoin decided that all deposits and transfers are free of charge, and all withdrawals incur a 2% handling fee. It is a friendly reminder that users shall make deposit and withdrawal in lump sums to minimize service cost.
It takes one workday for EXcoin to execute a withdrawal. Between Monday to Friday (09:00-24:00 00:00-01:00), EXcoin provides users with a security audit service to ensure that every withdrawal is completed in a timely manner.
(EXcoin reserves the right of final interpretation of this announcement)