In this guide, you'll learn how to withdraw USDT (Tether) from centralized exchanges like Bitfinex and Binance to your Polkadot Asset Hub or Kusama Asset Hub accounts. These hubs, formerly known as Statemint and Statemine respectively, offer extremely low transaction fees for asset transfers.
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Key Considerations Before Withdrawing USDT
â ī¸ Important Update:
Tether has announced the discontinuation of USDT on the Kusama network (while maintaining support for Polkadot). If you hold USDT on Kusama Asset Hub, redeem them by sending to an exchange before Tether's official deadline.
Address Compatibility
âšī¸ Good to Know:
- Your Polkadot Asset Hub address is identical to your Polkadot address
- Your Kusama Asset Hub address matches your Kusama address
Asset Requirements
âŧī¸ Critical Note:
While you don't need DOT/KSM to receive USDT, you do need these native tokens to send USDT through Polkadot-JS UI as it currently only supports fee payments in native assets.
Withdrawal Guides
How to Withdraw USDT from Bitfinex
Bitfinex supports USDT withdrawals to both Polkadot and Kusama Asset Hubs:
- Log in to your Bitfinex account
- Navigate to Wallet â Withdraw
- Select "Tether tokens" from the withdrawal panel
Configure your withdrawal:
- Select "Tether USDt" as currency
- Choose your wallet with USDT balance
Select transport protocol:
- "Tether(USD) on Polkadot" for Polkadot Asset Hub
- "Tether(USD) on Kusama" for Kusama Asset Hub
- Enter withdrawal amount and continue
- Paste your Asset Hub address (double-check accuracy)
- Complete security checks and submit withdrawal
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How to Withdraw USDT from Binance
Currently, Binance only supports Polkadot Asset Hub withdrawals:
- Log in to your Binance account
- Select "Withdraw Crypto"
- Choose "USDT TetherUS" as withdrawal coin
- Select "Statemint (Polkadot)" as network (may appear as "Polkadot Asset Hub")
- Paste your Polkadot Asset Hub address
- Enter withdrawal amount
- Confirm and submit withdrawal
âšī¸ Helpful Tip:
Binance automatically validates Polkadot addresses, providing an extra security layer.
Post-Withdrawal Actions
After successfully withdrawing USDT:
- Verify your balance using compatible block explorers
- Consider transferring funds if needed (requires native tokens for gas fees)
Frequently Asked Questions
Can I use the same address for Polkadot and Kusama Asset Hubs?
No, Polkadot and Kusama networks use different address formats. Your Polkadot address works for Polkadot Asset Hub, while your Kusama address works for Kusama Asset Hub.
Why do I need DOT/KSM to send USDT?
The Polkadot-JS interface currently requires native tokens for transaction fees, though the protocol itself supports fee payment in any asset.
How long do withdrawals take?
Most exchanges process withdrawals within minutes, though processing times may vary during peak periods.
Next Steps
Now that you've successfully withdrawn USDT to your Asset Hub account, you might want to:
- Transfer funds to other accounts
- Utilize USDT in decentralized applications
- Monitor your transactions through block explorers
For detailed instructions on sending USDT between accounts, refer to our comprehensive transfer guide.