Transferring USDT between exchanges can be confusing for beginners. This step-by-step guide explains how to securely send Tether (USDT) from your OKX wallet to Coinbase using either TRC20 or ERC20 networks.
Step 1: Prepare Your Coinbase USDT Deposit Address
- Log in to your Coinbase account
- Navigate to Assets → USDT → Receive
- Select your preferred network (TRC20 or ERC20)
- Copy the unique deposit address (double-check for accuracy)
⚠️ Critical Security Tip: Always verify the first and last 4 characters of any crypto address before transferring funds.
Step 2: Choosing the Right Network
TRC20 Network Advantages
- ✅ Ultra-low fees: ~1 USDT per transfer
- ✅ Fast processing: Typically completes within 1-5 minutes
- ✅ Tron blockchain efficiency: Optimized for stablecoin transfers
ERC20 Network Considerations
- 🔹 Higher gas fees (varies based on Ethereum network congestion)
- 🔹 Slower confirmation times (10 minutes to several hours)
- 🔹 Preferred when interoperability with Ethereum dApps is needed
Step 3: Initiating the Transfer from OKX
- Log in to your OKX wallet
- Select Assets → USDT → Withdraw
- Paste your Coinbase deposit address
- Choose either TRC20 or ERC20 network (must match Coinbase selection)
- Enter the transfer amount
- Confirm all details and complete two-factor authentication
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Step 4: Transaction Verification
After submission, track your transfer using:
- TRC20 transfers: TronScan blockchain explorer
- ERC20 transfers: Etherscan
Typical processing times:
- TRC20: 1-5 minutes
- ERC20: 10 minutes to 2 hours
FAQs: USDT Transfers Between OKX and Coinbase
Q: Which network should I choose for USDT transfers?
A: TRC20 is recommended for most users due to lower fees and faster speeds, unless you specifically need Ethereum network compatibility.
Q: How long do USDT transfers typically take?
A: Transfers complete within:
- TRC20: Under 5 minutes
- ERC20: 10 minutes to 2 hours (depending on network congestion)
Q: What if I send USDT using the wrong network?
A: This may result in permanent loss of funds. Always ensure the sending and receiving networks match (both TRC20 or both ERC20).
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Key Takeaways
- Always verify addresses before transferring
- TRC20 offers significant cost savings for USDT transfers
- Network selection must match between OKX and Coinbase
- Track transactions using blockchain explorers
- Keep transaction fees in mind when choosing transfer amounts
By following these steps, you can securely move your USDT between exchanges while optimizing for speed and cost efficiency.