BingX is excited to launch USDC-ERC20 deposit and withdrawal from 11am on June 8th, 2020 (GMT+8). Users will be able to deposit and withdraw USDC.
Users can exchange USDC/USDT from 3pm on June 10th, 2020 (GMT+8) and start trading instantly.
- Min. Deposit: 1 USDC
- Min. Withdrawal: 15 USDC
- USDC/USDT Exchange Fee Rate: 0.2%
- When depositing USDT, once the Etherum network reaches 15 block confirmations, the deposit will be regarded as received, and can be withdrawn after 30 block confirmations.
USDC (USD Coin) is issued on the ETH network. The deposit and withdrawal function uses the ETH network, and USDC uses the ERC20 protocol.
USD Coin (USDC) is a stablecoin fully backed by the US dollar. It is developed by Circle based on CENTRE, and is regulated by CENTRE policies. You can always redeem 1 USDC for 1 US dollar. Every time the user buys 1 USDC, Circle will deposit 1 USD in the designated bank (Slivergate Bank), and distribute 1 USDC to the user.
Digital asset derivatives trading is highly leveraged and risky, and may result in partial or total loss of account funds. Before conducting contract trading, investors must ensure that they understand the nature and rules of contract trading, and decide whether to participate in contract trading based on their investment experience, goals, financial status, and ability to bear risks.