Payouts: Receive money via Cryptocurrency (USDT)

Receiving money via Crypro is not that hard, as it seems to be. In order to receive money, we'll need your USDT wallet ID.

Where to get a Crypto Wallet

The easiest way to obtain your own wallet, it so register at https://www.binance.com/ . Binance is a Crypto trading platform, as well as a wallet for storing your crypto assets. Moreover, it has a p2p trading platform, which allows you to receive money to your own bank account in exchange of Crypto assets. Meaning, you receive money in your local currency directly to your card from a local private person, and he gets your crypto asset. Binance works as an escrow in the case: your crypto assets won't get transfered to a third party, unless you receive the money on your card (you have to approve receiving the money before you release the cryptocurrencies).

Crypto types, networks

After registering at binance, you'll receive a bunch of wallets on the account for a few Cryptocurrencies. Cryptocurrencies have the so-called "stable" coins which are "linked" to the USD exchange rate worldwide, as well as other "coins" designed for currency trading. We work only with stable coins, since we don't want to mess the things up.

At the same time, "stable" coins have a few "platforms" which are used for transferring money between the currency holders. Let's say, its like different "banks" where money might get transfered easily internally between the bank's branches, but not to another "bank". That means that assets from one platform should get exchanged first in order to appear at other platform. To avoid that issue, we only work with Tether USDT stable coin on TRX Tron platform (TRC20) for all the payments.

Wallet types on binance

Binance provides members with two wallet types for each Cryptocurrency: Funding wallet and Spot wallet.

Funding wallet is a kind of "Deposit" or "Debit" bank account, while Spot wallet is used for coin trading (coin market money speculations). Spot wallet money should get transferred out to the Funding wallet if you want to withdraw the money to your bank account. Therefore, we'll need your Funding wallet ID for the payouts. But don't worry, you won't mess the things up, transfer between the wallets is seamless.

How to locate my TetherUSDT (TRC20) Wallet ID

Here are the steps:

1. Click the "Deposit" link, and choose "Crypto"

2. Select coin to deposit, choose "USDT TetherUS"

3. Select network to deposit to, choose "TRX Tron (TRC20)"

4. Ensure you've selected "Funding wallet"

5. Copy your "Address Id"

6. Update your payouts method, choose "USDT" and paste your Address Id

How to withdraw Cryptocurrency

Depending on the country of your residence there are a few options to withdraw crypto assets. Some countries allow to withdraw money directly via ATMs. But we personally use binance's P2P trading option.

It means that you swap money and crypto with another person from your local area. You need real money, he needs crypto. You transfer him crypto within binance's system, he transfers money to your prefered payment method (card/bank account/internal bank transfer). Once money lands on your bank account, you'll have to release the crypto to be transfered to the person. So your crypto is safe until the very end of exchange process.