• How Can I Check the Status of My Ethereum (ETH) or Tether (USDT) Transaction?

    When you send ETH or USDT (Paxful uses Ethereum-based USDT) from one wallet to another, you can check the status of the transaction through Etherscan. Check out the steps below to get started:

    Each transaction has a transaction ID (also known as a transaction hash). The IDs generally look like a bunch of random numbers and letters and looking something like this:

    • 0x931d387731bbbc988b312206c74f77d004d6b84

    To find your transaction ID in your Paxful wallet:

    1. Log in to your Paxful account and head to your walletusdt_send_out_step_1.png
    2. Scroll down to your Tether or Ethereum transactions at the bottom of the page and select “all transactions” to see your full transaction historyusdt_send_out_step_2.png
    3. Once you find the transaction you’re looking for, copy the transaction IDusdt_sent_stp_3.0.png

    Once you have the transaction ID:

    1. Head over to Etherscan.io
    2. Paste in the transaction ID
    3. From there, you can track your transaction. It usually takes 12 confirmations (it can take up to 30 on some platforms) for your transaction to complete, so hang tight! 


    For more information on sending USDT, take a look at this article.

  • Receiving and Depositing Tether (USDT)

    If you’re looking to deposit USDT into your Paxful wallet, check out the steps below to get started:

    1. Log in to your Paxful account and head to the Wallet page.Send_-_Step_1_-_Final.png
    2. Click “Receive” under your Tether wallet.step_2_--_receiving_.png
    3. You'll now see your wallet address here, allowing you to copy and paste the address, or you can use the QR code. 
      You’ll also see the current fee associated with receiving USDT in your Paxful wallet at this time—take a look at this article for more information on fees. Please make sure the amount you’ll be receiving is worth more than the fee!
      If you don't have a USDT address, you can generate one at this step:
      deposit_step_2_--_new.png
      deposit_--_new_.png

    Notes:

    • After USDT is sent, the transaction needs 12 confirmations on the blockchain to be successful. You can check out the status of the transaction through Etherscan here. Just grab the transaction ID from your Paxful wallet here and enter it into Etherscan to track. 
    • If you have an old Tether address, you'll be charged a network fee when you use it to deposit Tether. You can avoid that fee by using your new Tether address.
  • Sending and Withdrawing Tether (USDT)

    Sending Tether (USDT) from your Paxful wallet is easy! Check out the steps below to get started:

    1. Log in to your Paxful account and head to the Wallet page.Send_-_Step_1_-_Final.png
    2. Click “Send” under your Tether walletSend_-_Step_2_-_Final.png
    3. Enter in the amount of USDT that you’d like to send and the recipient’s Tether address. Once that’s done, hit “Continue”.Send_-_Step_3_-_Final.png
    4. Next, you’ll see a confirmation page. Double check that your recipient’s address is correct here! If you're sending Tether to an external wallet, you will also see the current fees associated with this transaction at this step. To learn more about this fee, check out this article. Once you’re ready and you’ve confirmed all of the information is correct, hit “Send Tether now” and you are good to go!new_send_step_4.png

     

    Notes:

    • You can send USDT internally to another Paxful wallet address up to 5 times a month with no network fee. After those five transfers, you will be required to pay the network fee. For more information on fees, check out this article.
    • After USDT is sent, the transaction needs 12 confirmations on the blockchain to be successful. You can check out the status of the transaction through Etherscan here. Just grab the transaction ID from your Paxful wallet here and enter it into Etherscan to track.

    Warning: If you are in an OFAC grey country, you’ll need to be ID verified to send funds out of your Paxful wallet.

  • Tether (USDT) FAQs
    What is Tether?
    Tether (USDT) is a stablecoin that is worth around 1 USD. The rate can fluctuate a bit, but it's a 1:1 representation of 1 US dollar on the Ethereum blockchain.
    Who can trade USDT on Paxful?
    Only ID-verified users can trade or convert USDT on Paxful.
    What are the fees for converting USDT?
    For the full breakdown of USDT fees, check on this article.
    Can my USDT transaction be cancelled or reversed?
    Unfortunately, transactions on the blockchain can’t be cancelled or reversed. For more information, check out this article.
    What is the minimum USDT amount I can sell, buy, or convert?
    With Paxful, the minimum amount you can buy, sell, and convert is 10 USDT.
    How can I buy or sell USDT?

    You can buy or sell USDT the same way as you would buy or sell Bitcoin in the marketplace! 

    • Head over to the buy and sell pages to see a list of the current USDT offers. 
    • You can also create your own USDT offers (just make sure you’re ID verified!).
    • You can also convert your BTC into USDT in your Paxful Wallet. Check out this article for more information.
    How do I get a USDT wallet address?
    Just head to your Paxful wallet and click on “Receive” under Tether to get your USDT address. You can also check out our Receiving and Depositing Tether article for more information.