BTC TO USDT/USDC

Airborne Daddy

Airborne Daddy

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Just when i thought i had it down... been using exodus 6 months and stuck with btc to keep it simple. I bought and sold there. Last night gyc suspended btc as well as jeep prolly cuz the nose dive.....

On exodus can i just convert the btc to USDT? Then buy a little WHAT to send it? What network? Is it standard or must i make sure GYC and I use same sender network?
 
Yes, you can convert BTC to USDT within Exodus. The fees are higher within the application in comparsison to sending it to Coinbase or any other exchange by comparison.

USDT has two networks available in which the currency may be traded (ETH and SOL) out of the two solana is the cheaper network for trading the currency.

If you are sending for example, USDT (SOL) the vendor must supply a wallet address that is compatible with the SOL network.

If they provide a wallet address that is for USDT (ETH) and you send USDT (SOL) to that wallet address, the crypto dissapears into the void (There's probably a better explanantion of what happens but this is my understanding).

Hope the above helps.
 
Following. I stopped buying from GYC because I don't mess with anything not on SOL, and because I believe they'll start accepting stuff on SOL eventually, so I've been too lazy to figure out how to get to ETH or TRON or whatever it is they want. But I kinda miss them.
 
I'd break it down into 2 steps. Bridging BTC to SOL and then converting SOL to USDC/sol. You don't have to use a KYC exchange. Depending on the non-custodial wallet you're using they may offer this in-app (for 3-5% fees), which seems outrageous to me. You can use a Web3 DEX to do the bridge and conversion. It's not one I've done before, but two popular (long lasting and high volume) are Wormhole for bridging chains, and Jupiter to convert on /sol chain.

I don't know if you've used those before, but if it was for more than $100, I'd consider it. YMMV!

edit: Oops, I just saw it was USDT. The steps would be similar, but I guess you might not end up on /sol so you might use a different converter, but wormhole would still be the default exchange to ETH to get USDT on the ERC20 chain.
 
Check to see what your USDT is ;

1. Go to wallet tab
2.Click on Tether USD
3.Click on Total USDT balance dropdown

That should tell you what "chain" your USDT is on.

Convert a little bit of of your BTC to whatever that is for network "fees".
 
joseblo said:
I'd break it down into 2 steps. Bridging BTC to SOL and then converting SOL to USDC/sol. You don't have to use a KYC exchange. Depending on the non-custodial wallet you're using they may offer this in-app (for 3-5% fees), which seems outrageous to me. You can use a Web3 DEX to do the bridge and conversion. It's not one I've done before, but two popular (long lasting and high volume) are Wormhole for bridging chains, and Jupiter to convert on /sol chain.

I don't know if you've used those before, but if it was for more than $100, I'd consider it. YMMV!

edit: Oops, I just saw it was USDT. The steps would be similar, but I guess you might not end up on /sol so you might use a different converter, but wormhole would still be the default exchange to ETH to get USDT on the ERC20 chain.
Click to expand...
You can do it all in exodus.
 
Estarossa19 said:
Yes, you can convert BTC to USDT within Exodus. The fees are higher within the application in comparsison to sending it to Coinbase or any other exchange by comparison.

USDT has two networks available in which the currency may be traded (ETH and SOL) out of the two solana is the cheaper network for trading the currency.

If you are sending for example, USDT (SOL) the vendor must supply a wallet address that is compatible with the SOL network.

If they provide a wallet address that is for USDT (ETH) and you send USDT (SOL) to that wallet address, the crypto dissapears into the void (There's probably a better explanantion of what happens but this is my understanding).

Hope the above helps.
Click to expand...
This is exactly the right advice!

And yes, double triple make sure it’s sol to Sol address otherwise POOF, it’s gone forever.
 
Airborne Daddy said:
Just when i thought i had it down... been using exodus 6 months and stuck with btc to keep it simple. I bought and sold there. Last night gyc suspended btc as well as jeep prolly cuz the nose dive.....

On exodus can i just convert the btc to USDT? Then buy a little WHAT to send it? What network? Is it standard or must i make sure GYC and I use same sender network?
Click to expand...
Same boat as you. Got this from GYC last night "sorry,we cannot BTC now, USDC/USDT is okay"

Was finally comfortable with Exodus and BTC. Guess time to get uncomfortable. Managed to somehow swap some BTC to Tether USDT. When I hit Send, I get a 'To start a transaction, you need ETH on the Ethereum network. Deposit at least 0.0001 ETH and try again.' Huh?

Now I'm frozen and uncomfortable.
 
I just buy usdc
Airborne Daddy said:
Just when i thought i had it down... been using exodus 6 months and stuck with btc to keep it simple. I bought and sold there. Last night gyc suspended btc as well as jeep prolly cuz the nose dive.....

On exodus can i just convert the btc to USDT? Then buy a little WHAT to send it? What network? Is it standard or must i make sure GYC and I use same sender network?
Click to expand...
Moving forward you can purchase usdc through exodus on the sol network. Also purchase some sol for the transaction fees.
 
Dogmandu said:
Same boat as you. Got this from GYC last night "sorry,we cannot BTC now, USDC/USDT is okay"

Was finally comfortable with Exodus and BTC. Guess time to get uncomfortable. Managed to somehow swap some BTC to Tether USDT. When I hit Send, I get a 'To start a transaction, you need ETH on the Ethereum network. Deposit at least 0.0001 ETH and try again.' Huh?

Now I'm frozen and uncomfortable.
Click to expand...

You need gas money to be able to make transactions on all crypto networks, to cover transaction fees. You should be able to buy a minimum of eth directly from exodus. This is good guide in the whole process https://www.stairwaytogray.com/posts/crypto/crypto-101/
 
Also, I feel like somebody ought to make this really clear since I see everybody talking about USDT-sol and USDC-sol; GYC (the vendor that sparked this convo) doesn't take either of those, or at least they didn't last I checked. I don't remember if it's Tron or ETH or what, but it's not anything on SOL. They said awhile back that they were thinking of it because people who like do to the PYUSD-to-USDT thing on Exodus with Jupiter for like a few pennies of fees begged for it, but I haven't heard that they got around to it.

Just mentioning it because I'd hate to see anybody get all excited if that's who they're tryna buy from and then go "ope" when it's a no-go.
 
I am used to the SOL network, BTC, and that's it. Like PWGrove's website takes stuff on the SOL network (PYUSD, USDC, and USDT).
 
Last edited:
randompersonrandom said:
Also, I feel like somebody ought to make this really clear since I see everybody talking about USDT-sol and USDC-sol; GYC (the vendor that sparked this convo) doesn't take either of those, or at least they didn't last I checked. I don't remember if it's Tron or ETH or what, but it's not anything on SOL. They said awhile back that they were thinking of it because people who like do to the PYUSD-to-USDT thing on Exodus with Jupiter for like a few pennies of fees begged for it, but I haven't heard that they got around to it.

Just mentioning it because I'd hate to see anybody get all excited if that's who they're tryna buy from and then go "ope" when it's a no-go.
Click to expand...

That's one of the reason I went USDT-Tron. Seemed to be pretty universal for the alphabet suppliers. @Cdub100 had mentioned in a thread that Tron network is pretty huge in most of Asia.
 
Estarossa19 said:
Yes, you can convert BTC to USDT within Exodus. The fees are higher within the application in comparsison to sending it to Coinbase or any other exchange by comparison.

USDT has two networks available in which the currency may be traded (ETH and SOL) out of the two solana is the cheaper network for trading the currency.

If you are sending for example, USDT (SOL) the vendor must supply a wallet address that is compatible with the SOL network.

If they provide a wallet address that is for USDT (ETH) and you send USDT (SOL) to that wallet address, the crypto dissapears into the void (There's probably a better explanantion of what happens but this is my understanding).

Hope solthe above helps.
Click to expand...
Absolutely helps thank you.... i did email vendor and asked etherium or sol. And usdc is eth or tron?
 
randompersonrandom said:
Following. I stopped buying from GYC because I don't mess with anything not on SOL, and because I believe they'll start accepting stuff on SOL eventually, so I've been too lazy to figure out how to get to ETH or TRON or whatever it is they want. But I kinda miss them.
Click to expand...
Was tryin to expand my reta foot print and donate my sema to the inlaws.... vendors worried with thr btc nosedive. Which is coming back up, but ill break for the chinee 72 month horridae. Dont judge Random, if we make fun of ourselves we can joke with da Chinee....
 
Airborne Daddy said:
Was tryin to expand my reta foot print and donate my sema to the inlaws.... vendors worried with thr btc nosedive. Which is coming back up, but ill break for the chinee 72 month horridae. Dont judge Random, if we make fun of ourselves we can joke with da Chinee....
Click to expand...
I just miss my 46-exchange email chain with whoever was writing as Lisa that evening. J5's nice, but he doesn't call me dear.
 
Dogmandu said:
Same boat as you. Got this from GYC last night "sorry,we cannot BTC now, USDC/USDT is okay"

Was finally comfortable with Exodus and BTC. Guess time to get uncomfortable. Managed to somehow swap some BTC to Tether USDT. When I hit Send, I get a 'To start a transaction, you need ETH on the Ethereum network. Deposit at least 0.0001 ETH and try again.' Huh?

Now I'm frozen and uncomfortable.
Click to expand...
You gotta pay what they call gas money to send on that network....try buying 5 bucks on just ethereum.... then u can send.
 
randompersonrandom said:
Also, I feel like somebody ought to make this really clear since I see everybody talking about USDT-sol and USDC-sol; GYC (the vendor that sparked this convo) doesn't take either of those, or at least they didn't last I checked. I don't remember if it's Tron or ETH or what, but it's not anything on SOL. They said awhile back that they were thinking of it because people who like do to the PYUSD-to-USDT thing on Exodus with Jupiter for like a few pennies of fees begged for it, but I haven't heard that they got around to it.

Just mentioning it because I'd hate to see anybody get all excited if that's who they're tryna buy from and then go "ope" when it's a no-go.
Click to expand...
Imma break with the holiday and then regroup.... send a check or money order. Btc is rebounding and i think it will be acceptable in a week or two.... they just didnt wanna lose 30k in the last 2 weeks. Thanks bff.
 
Airborne Daddy said:
Absolutely helps thank you.... i did email vendor and asked etherium or sol. And usdc is eth or tron?
Click to expand...
The tricky part for me is USDC can be soooooo many things. I use Edge and Edge has (23) different USDCs to buy. If you want USDT they have (13).

At least they make it very clear, like USDC Solana, USDC Tron, etc. I bought $50 of Solana for transfer fees and went round about to get USDC-Sol (see my other post if you’re interested).
 
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