To solve the problem of converting TRX to USDT, especially given that Revolut does not directly support TRX or its conversion to USDT, here are the detailed steps you should follow:

Understand Revolut’s Limitations: Revolut is a financial technology company that offers banking services, but its cryptocurrency offerings are limited. As of my last update, Revolut does not directly support Tron TRX or its conversion to USDT within their platform. Their crypto services typically involve buying/selling a select few cryptocurrencies like Bitcoin BTC, Ethereum ETH, Litecoin LTC, and Bitcoin Cash BCH directly for fiat, and these assets cannot be withdrawn to external wallets. This means you cannot directly convert TRX to USDT on Revolut.
Choose a Reputable External Cryptocurrency Exchange: The primary method for converting TRX to USDT involves using a third-party cryptocurrency exchange that supports both TRX and USDT, and allows for withdrawals.
- Recommended Exchanges: Binance, KuCoin, Gate.io, Huobi now HTX, or Kraken are commonly used exchanges that list both TRX and USDT. Ensure the exchange is available in your region and has a strong security track record.
- Avoid Centralized Gambling/Riba-Based Platforms: While many exchanges exist, prioritize those that emphasize user security and adhere to regulatory standards without promoting speculative trading or interest-based lending Riba. Focus on exchanges known for their robust security protocols and strong anti-fraud measures.
- Due Diligence: Always check recent reviews, security audits, and withdrawal limits/fees before committing to an exchange.
Create and Verify Your Account:
- Sign Up: Go to the chosen exchange’s website or download their official app.
- KYC Know Your Customer: You will likely need to complete a KYC process, which involves providing identification documents e.g., passport, driver’s license and sometimes proof of address. This is a standard regulatory requirement for most legitimate exchanges to prevent financial fraud and illicit activities.
Deposit TRX to the Exchange:
- Locate TRX Deposit Address: On the exchange, navigate to your wallet or “deposit” section. Search for “TRX” Tron. The exchange will provide you with a unique TRX deposit address. Crucially, ensure you select the correct network TRC-20 for TRX to avoid losing your funds.
- Transfer TRX from Your Current Wallet: If your TRX is currently in a personal wallet e.g., TronLink, Ledger, Trust Wallet, initiate a transfer from that wallet to the exchange’s TRX deposit address. Double-check the address before confirming the transaction. The Tron network typically has low transaction fees and fast confirmation times.
Convert TRX to USDT on the Exchange:
- Access Trading Pair: Once your TRX deposit is confirmed it may take a few minutes depending on network congestion, go to the “Trade” or “Spot Trading” section of the exchange.
- Select TRX/USDT Pair: Find the trading pair “TRX/USDT.”
- Place a Sell Order: You can place a “Market Order” to sell your TRX immediately at the current market price, or a “Limit Order” to sell it at a specific price you set. For a quick conversion, a market order is usually sufficient.
- Execute Trade: Enter the amount of TRX you wish to sell, and confirm the transaction. The TRX will be sold, and the equivalent amount of USDT will be credited to your spot wallet on the exchange.
Withdraw USDT Optional, but Recommended for Control:
- Locate USDT Withdrawal Address: If you wish to hold your USDT in a personal wallet or transfer it elsewhere, navigate to the “Withdraw” section on the exchange. Select “USDT.”
- Choose Network: This is critical: USDT exists on several networks e.g., ERC-20 for Ethereum, TRC-20 for Tron, BEP-20 for Binance Smart Chain. To minimize fees and ensure compatibility, it’s highly recommended to withdraw USDT via the TRC-20 network if the receiving wallet supports it. This leverages the low fees of the Tron blockchain.
- Enter Receiving Wallet Address: Paste the USDT TRC-20 address from your destination wallet e.g., TronLink, Ledger, Trust Wallet, or another exchange into the withdrawal field.
- Confirm Withdrawal: Enter the amount and confirm. You may need to complete 2FA verification e.g., SMS code, Google Authenticator. The USDT will be sent to your specified address.

Remember, Revolut is not a direct participant in this conversion process. It acts primarily as an on-ramp/off-ramp for fiat to limited crypto offerings, and it’s essential to use dedicated cryptocurrency exchanges for broader asset conversions like TRX to USDT. Always prioritize security, double-check addresses, and be aware of network fees during transfers.

Table of Contents

Navigating Cryptocurrency Conversions: Why Revolut Isn’t Your Go-To for TRX to USDT

When it comes to managing digital assets, the question of “How to convert TRX to USDT on Revolut” frequently arises. However, it’s crucial to understand a fundamental limitation: Revolut, while a popular fintech platform for everyday banking and a limited set of cryptocurrencies, does not directly support Tron TRX or enable its conversion to USDT within its ecosystem. Their cryptocurrency services are more akin to a simplified buying and selling interface for a select few major coins, primarily Bitcoin, Ethereum, Litecoin, and Bitcoin Cash, and crucially, these assets cannot be withdrawn to external wallets. This means any conversion involving TRX needs to happen off-platform on a dedicated cryptocurrency exchange. Our focus here will be on guiding you through the secure and efficient process using external exchanges, while emphasizing the ethical and responsible handling of digital assets.

Understanding Revolut’s Cryptocurrency Ecosystem

Revolut’s foray into cryptocurrency is designed for ease of access for the average user, not for sophisticated trading or broad asset management.

It’s a convenient on-ramp for fiat currency into some of the most liquid digital assets, but with significant constraints that render it unsuitable for direct TRX-to-USDT conversions.

Limited Cryptocurrency Offerings

Revolut’s crypto portfolio is intentionally narrow. They primarily offer access to top-tier cryptocurrencies like Bitcoin BTC, Ethereum ETH, Litecoin LTC, and Bitcoin Cash BCH. This selection caters to users looking for exposure to the most established digital assets without delving into the complexities of altcoin trading. The absence of TRX means there’s no direct pathway to manage or convert it within Revolut’s platform. This strategic limitation helps Revolut manage regulatory compliance and mitigate risk, focusing on mainstream adoption rather than a comprehensive exchange experience.

Custodial Nature and Withdrawal Restrictions

One of the most significant aspects of Revolut’s crypto service is its custodial nature. This means that when you “buy” cryptocurrency on Revolut, you don’t actually hold the private keys. Revolut holds the assets on your behalf. This setup, while simplifying the user experience by abstracting away the complexities of self-custody, comes with a major drawback: you cannot withdraw your cryptocurrencies to an external wallet or another exchange. This restriction is a deal-breaker for anyone looking to move their assets, engage in more advanced trading, or utilize specific blockchain networks. For instance, if you bought Bitcoin on Revolut, you cannot send it to a hardware wallet or another exchange to convert it to TRX or USDT. This model streamlines access but limits utility, making it unsuitable for conversions like TRX to USDT, which require external wallet interactions.

No Direct Support for Tron TRX

The core of the problem lies in Revolut’s complete lack of support for the Tron TRX blockchain and its native token. This isn’t just about conversion. it means you cannot deposit TRX into Revolut, nor can you hold it there. This effectively closes any potential direct pathway for a TRX-to-USDT conversion on the platform. Users who hold TRX must, by necessity, use a dedicated cryptocurrency exchange that supports the Tron network to perform any conversions or transfers. It’s akin to trying to use a bank that only handles Euros to process a transaction in Japanese Yen—it simply won’t work without an intermediary.

Choosing the Right External Cryptocurrency Exchange

Since Revolut cannot facilitate the conversion of TRX to USDT, the next logical step is to use a reputable external cryptocurrency exchange.

This is where the real action happens, but choosing the right platform is paramount for security and efficiency.

Key Factors for Selection: Security, Fees, and Supported Pairs

Selecting an exchange isn’t just about finding one that lists TRX and USDT.

It’s about finding one that aligns with principles of security, transparency, and ethical operations. How to transfer Solana to fidelity

Security: This should be your top priority. Look for exchanges with a strong track record of security, multi-factor authentication MFA, cold storage for a significant portion of their assets, and regular security audits. Data breaches and hacks are unfortunately common in the crypto space, so choosing a platform with robust protective measures is non-negotiable. Examples include Binance, KuCoin, and Kraken, which are known for their advanced security protocols.
Fees: Exchange fees can significantly impact your conversion amount. These typically include trading fees taker/maker fees and withdrawal fees. Compare fee structures across different platforms. Some exchanges offer tiered fees based on trading volume, while others have flat rates. For example, withdrawing USDT on the TRC-20 network is generally much cheaper often less than $1 compared to ERC-20 which can be $5-$20 or more, depending on network congestion.
Supported Pairs: Ensure the exchange explicitly lists the TRX/USDT trading pair. Most major exchanges will, but it’s always good to double-check. The availability of this pair ensures a direct conversion without needing multiple steps e.g., TRX to BTC, then BTC to USDT.
Regulatory Compliance and Ethical Stance: Prioritize exchanges that adhere to strict regulatory guidelines and have a clear stance against illicit activities. Avoid platforms that promote excessive leverage, gambling, or speculative trading that leads to Riba interest-based gain, as these practices are ethically questionable and can lead to significant financial loss. Focus on platforms that support responsible trading and investment.

Top Tier Exchanges for TRX/USDT Conversion

While the crypto market is dynamic, several exchanges consistently rank high for their liquidity, security, and range of supported assets, including TRX and USDT.

Binance: Arguably the largest cryptocurrency exchange by trading volume, Binance offers extensive liquidity for TRX/USDT, competitive fees, and a robust security infrastructure. It supports multiple networks for USDT withdrawals, including TRC-20, which is highly cost-effective. Binance has a comprehensive suite of trading tools but requires thorough KYC.
KuCoin: Often referred to as the “people’s exchange,” KuCoin offers a vast array of cryptocurrencies and trading pairs, including TRX/USDT. It’s known for its relatively lower KYC requirements for basic trading, though full withdrawals often necessitate verification. KuCoin also supports TRC-20 USDT withdrawals.
Gate.io: A veteran exchange that lists a wide variety of altcoins. Gate.io provides robust trading features and supports TRX/USDT. It maintains strong security measures, though its interface can sometimes feel overwhelming for newcomers.
Kraken: Known for its strong regulatory compliance and focus on security, Kraken is a reputable choice, particularly for users in Western markets. While it might have fewer altcoins than Binance or KuCoin, it often supports major pairs like TRX/USDT and offers competitive fees. It is generally well-regarded for its customer service.

The Importance of KYC Know Your Customer

Almost all legitimate and regulated cryptocurrency exchanges require KYC Know Your Customer verification. This process involves submitting personal identification documents like a passport or driver’s license and sometimes proof of address. KYC is a standard anti-money laundering AML and counter-terrorism financing CTF measure. While it might seem intrusive, it’s a critical step for protecting both the exchange and its users from fraudulent activities and financial crimes. Unregulated exchanges that forgo KYC often pose higher risks for users, including potential for scams, fund freezes, or lack of recourse in case of disputes. Embrace KYC as a sign of a legitimate and responsible platform.

Step-by-Step Guide: Depositing and Converting TRX

Once you’ve selected a reputable exchange and completed your account setup and KYC verification, the next phase involves transferring your TRX to the exchange and executing the conversion to USDT.

This process is generally straightforward but requires precision.

1. Obtaining Your TRX Deposit Address

The first crucial step is to locate your unique Tron TRX deposit address on the chosen exchange.

Navigate to Your Wallet/Deposit Section: Log in to your exchange account. Look for a section labeled “Wallet,” “Funds,” “Assets,” or “Deposit.”
Search for TRX: Within the deposit section, use the search bar or scroll to find “TRX” Tron.
Select the Correct Network: The exchange will almost certainly specify the network for TRX deposits. For TRX, it will be the TRC-20 network. It is absolutely critical to select this network. Sending TRX on an incorrect network e.g., trying to send it as an ERC-20 token will result in permanent loss of funds. The address provided will be a TRC-20 address, typically starting with ‘T’.
Copy the Address: Carefully copy the provided TRX deposit address. Many exchanges offer a “copy” button to prevent manual errors.

2. Transferring TRX from Your Current Wallet

With the exchange’s TRX deposit address in hand, you can now initiate the transfer from where your TRX is currently stored.

Access Your Current Wallet: Open the wallet where your TRX is held e.g., TronLink, Ledger, Trust Wallet, another exchange, or a software wallet.
Initiate a Send/Withdrawal Transaction: Locate the “Send” or “Withdraw” option for TRX.
Paste the Deposit Address: Paste the copied TRX deposit address from the exchange into the recipient address field.
Enter Amount: Specify the amount of TRX you wish to deposit. It’s often wise to send a small test amount first if you’re transferring a large sum, just to ensure everything works correctly.
Review and Confirm: Double-check the recipient address, the amount, and any network fees. Ensure the network selected in your sending wallet matches the TRC-20 network. Confirm the transaction. Tron transactions are typically very fast and have low fees, often a few TRX or less than $0.01 USD.
Confirmation: The transaction will be broadcast to the Tron blockchain. You can often track its progress using a Tron blockchain explorer by pasting your transaction ID TxID. The exchange will notify you once the deposit has been confirmed and credited to your account, which usually takes a few minutes after the required number of network confirmations.

3. Executing the TRX to USDT Conversion

Once your TRX is credited to your exchange account, you’re ready to perform the conversion.

Navigate to the Trading Interface: Go to the “Trade,” “Spot Trading,” or “Exchange” section of the platform.
Select the TRX/USDT Trading Pair: In the trading interface, search for the trading pair “TRX/USDT.” This indicates you want to exchange Tron for Tether USDT.
Choose Order Type:
- Market Order: This is the simplest option. It executes your sell order immediately at the best available current market price. Use this if you want a quick conversion and are comfortable with the prevailing price.
- Limit Order: This allows you to set a specific price at which you want to sell your TRX. Your order will only execute if the market price reaches your specified limit. Use this if you want more control over the exchange rate and are not in a rush.
Enter Amount and Place Order: Enter the amount of TRX you want to sell, or select “Max” to sell all of your deposited TRX. Review the estimated USDT you will receive after fees.
Confirm Trade: Click the “Sell TRX” or “Convert” button. Your order will be placed and, if a market order, executed almost instantly. If a limit order, it will sit in the order book until matched. Once executed, the corresponding amount of USDT will appear in your spot wallet on the exchange.

Understanding USDT Networks: TRC-20 vs. ERC-20 and Others

After converting your TRX to USDT on an external exchange, you’ll have USDT in your exchange wallet.

The next critical decision, especially if you plan to move your USDT off the exchange, involves understanding the different networks on which USDT exists. How to convert money from cashapp to Solana

This choice significantly impacts transaction speed and, most importantly, fees.

The Dominance of TRC-20 USDT

USDT Tether is a stablecoin pegged to the US dollar, meaning its value is intended to remain at $1. While it’s a single asset, it can exist on various blockchain networks. The most prominent networks for USDT are:

TRC-20 Tron Network: This is by far the most popular choice for USDT transfers due to its exceptionally low transaction fees often less than $1 or even a few cents and fast confirmation times typically seconds to a few minutes. The Tron network is designed for high throughput and cost-efficiency. If you’ve just converted TRX to USDT, withdrawing via TRC-20 is usually the most economical and efficient option, assuming your receiving wallet or platform supports TRC-20 USDT.
ERC-20 Ethereum Network: This was the original and widely adopted standard for USDT. However, due to the Ethereum network’s high gas fees transaction costs, especially during periods of congestion, ERC-20 USDT transfers can be very expensive, often ranging from $5 to $50 or even more. While reliable, its cost makes it less appealing for routine transfers.
BEP-20 Binance Smart Chain – BSC: This network offers a balance between speed and cost, with fees generally lower than ERC-20 but slightly higher than TRC-20. It’s popular within the Binance ecosystem and for users interacting with BSC-based decentralized applications.
Other Networks: USDT also exists on other less common networks like Solana SPL, Polygon, Avalanche, and Algorand. Each has its own fee structure and speed, but TRC-20 and ERC-20 remain the most widely supported.

Why TRC-20 is Often the Preferred Choice for USDT Withdrawal

For users looking to minimize costs and maximize efficiency when moving USDT, the TRC-20 network is almost always the preferred choice.

Cost-Effectiveness: As mentioned, TRC-20 fees are significantly lower than ERC-20 fees. This is a major advantage for frequent transfers or smaller amounts.
Speed: Tron’s network boasts high transaction speeds, meaning your USDT will typically reach its destination wallet much faster than on the Ethereum network, which can sometimes experience delays due to congestion.
Widespread Support: While not universally supported by every wallet or exchange, TRC-20 USDT is widely accepted across major platforms and reputable crypto wallets. Most exchanges that list USDT will offer TRC-20 as a withdrawal option.

Verification of Receiving Wallet Support

Before initiating a USDT withdrawal, it is absolutely imperative to confirm that your receiving wallet or destination platform explicitly supports TRC-20 USDT.

Check Your Wallet: If you’re sending to a personal wallet e.g., Trust Wallet, TronLink, Ledger, open it and check if it has a specific “USDT TRC-20” or “Tron-based USDT” receiving address. A generic “USDT” address might default to ERC-20, or simply not support TRC-20, leading to lost funds.
Check Destination Exchange/Service: If you’re sending to another exchange or a service, find their USDT deposit section and ensure they clearly state support for the TRC-20 network and provide a TRC-20 specific address.
Consequences of Mismatched Networks: Sending USDT on the wrong network to an unsupported address is one of the most common ways people lose cryptocurrency. For example, sending TRC-20 USDT to an ERC-20 only address will result in irretrievable loss of funds. Always double-check the network selection on both the sending and receiving ends.

Withdrawing Your USDT from the Exchange Optional

Once you have successfully converted your TRX to USDT on the external exchange, you have the option to keep your USDT on the exchange or withdraw it to a personal wallet for greater control and security.

While leaving funds on an exchange can be convenient for immediate trading, withdrawing them to a self-custodied wallet is generally recommended for long-term holding.

1. Initiating the Withdrawal Process

Navigate to the Withdrawal Section: On the exchange, find the “Withdraw” section, usually located within your wallet or funds overview.
Select USDT: Choose “USDT” as the asset you wish to withdraw.
Choose the Correct Network TRC-20 Recommended: This is the most crucial step. From the available networks for USDT withdrawal, select TRC-20. As discussed, this offers the lowest fees and fastest transaction times. Do not proceed until you have confirmed your receiving address supports TRC-20 USDT.
Enter Receiving Wallet Address: Paste the TRC-20 USDT address from your destination wallet e.g., TronLink, Trust Wallet, Ledger into the designated field on the exchange. Triple-check this address! A single incorrect character can lead to permanent loss of funds. Some exchanges offer an address book feature for frequently used addresses, which can help prevent errors.
Enter Amount: Specify the amount of USDT you wish to withdraw. Be mindful of any minimum withdrawal limits set by the exchange.
Review Fees: The exchange will display the withdrawal fee. For TRC-20 USDT, this fee is typically very low, often a fixed amount in USDT e.g., 1 USDT.
Confirm Withdrawal: Review all details carefully: asset, amount, receiving address, and network. Click “Confirm” or “Withdraw.”

2. Security Protocols and Two-Factor Authentication 2FA

During the withdrawal process, you will almost certainly be prompted to complete security verifications.

Two-Factor Authentication 2FA: This is a mandatory security layer. You will typically need to enter a code from your Google Authenticator app, an SMS code sent to your registered phone number, or an email verification code. Ensure your 2FA is active and secure.
Email Confirmation: Some exchanges also send an email to your registered address requiring you to click a confirmation link to authorize the withdrawal. This prevents unauthorized withdrawals if your account password is compromised.
Password/PIN: You may also need to enter your account password or a specific withdrawal PIN.

3. Monitoring the Transaction

Once you confirm the withdrawal, the exchange will process it.

Transaction ID TxID: The exchange will provide you with a transaction ID TxID or hash. This is a unique identifier for your transaction on the blockchain.
Blockchain Explorer: You can paste this TxID into a Tron blockchain explorer e.g., tronscan.org to track the status of your transaction. You’ll see if it’s pending, confirmed, and how many confirmations it has received.
Wallet Confirmation: Once the transaction has enough confirmations on the Tron network usually a few dozen, which happens quickly, the USDT will appear in your receiving wallet.

Benefits of Self-Custody for USDT

Withdrawing your USDT to a personal wallet offers several advantages:

Full Control: You hold the private keys, giving you complete ownership and control over your assets. No third party can freeze or confiscate your funds.
Reduced Counterparty Risk: You are not subject to the risks associated with an exchange e.g., hacks, insolvency, regulatory issues. “Not your keys, not your crypto” is a fundamental principle in this space.
Flexibility: You can use your USDT for various decentralized finance DeFi applications, staking, or other purposes not supported by centralized exchanges.
Security: For long-term holding, hardware wallets like Ledger or Trezor offer the highest level of security, keeping your private keys offline.

Halal Considerations in Cryptocurrency Transactions

As Muslims engaging with financial systems, it’s paramount to ensure our transactions align with Islamic principles. How to convert Solana to inr in stake

While the concept of cryptocurrency itself is subject to ongoing scholarly debate regarding its permissibility halal or impermissibility haram, certain aspects of its use can certainly fall under forbidden categories, such as Riba interest, Gharar excessive uncertainty/gambling, and Maysir gambling.

Avoiding Riba Interest in Crypto

Riba, or interest, is strictly forbidden in Islam.

In the cryptocurrency space, Riba can manifest in several ways:

Lending and Borrowing Protocols: Many DeFi Decentralized Finance platforms offer interest-bearing accounts where you can lend your crypto assets like USDT and earn interest, or borrow and pay interest. Engaging in such activities where a fixed or predetermined return is generated solely from the principal amount is generally considered Riba and should be avoided.
Staking and Yield Farming with caution: While some forms of staking e.g., for network security or validating transactions where rewards are new tokens or transaction fees might be permissible if they align with profit-sharing principles, others, especially those that promise fixed or guaranteed returns, can resemble Riba. Yield farming often involves complex strategies that can inadvertently lead to Riba-like gains or excessive Gharar.
Centralized Exchange Lending Products: Many centralized exchanges offer “earn” or “savings” products where you deposit your crypto and earn a percentage yield. These often function like interest-bearing accounts and should be avoided.

Better Alternatives:

Spot Trading Halal if commodities are permissible: Simple buying and selling of cryptocurrencies like converting TRX to USDT is generally considered permissible if the underlying assets are not used for haram activities and the transaction is instant hand-to-hand.
Hodling Long-Term Holding: Simply holding cryptocurrencies with the intention of their value appreciating through legitimate demand and utility, without engaging in interest-bearing activities, is generally permissible.
Utility-Based Use: Using cryptocurrencies for their intended utility, such as paying for goods and services where they are accepted, or facilitating cross-border remittances.
Exploring Islamic Finance Compliant Cryptocurrencies: Some projects are emerging that specifically aim for Sharia compliance in their design and operations.
Charitable Giving Sadaqah: Utilizing crypto for charitable donations.

Avoiding Gharar Excessive Uncertainty and Maysir Gambling

Gharar refers to excessive uncertainty or ambiguity in a contract, which can lead to unjust outcomes.

Maysir refers to gambling, where gain is dependent on chance without corresponding effort or risk.

These are often intertwined in speculative crypto activities:

Futures and Options Trading: Highly leveraged derivatives trading futures, options often involves extreme speculation and high risk, making them akin to gambling Maysir and fraught with excessive uncertainty Gharar. These should be avoided.
High-Leverage Trading: Trading with leverage amplifies both potential gains and losses, often leading to liquidation. This is often considered highly speculative and therefore impermissible.
Pump-and-Dump Schemes: Participating in schemes designed to artificially inflate a coin’s price for quick profit, often at the expense of others, is unethical and haram. How to convert Solana to eth
Unregulated or Scam Projects: Investing in projects with no clear utility, highly exaggerated promises, or anonymous teams, as these often involve elements of fraud, Gharar, and Maysir.
Fundamental Analysis: Researching and investing in projects based on their technology, team, real-world utility, and adoption, rather than pure speculation.
Risk Management: Trading or investing with a clear understanding of risks, using only capital you can afford to lose, and setting clear profit targets and stop-losses.
Education: Continuously learning about blockchain technology and legitimate use cases, rather than chasing quick profits from speculative trends.
Focus on Real-World Value: Prioritizing cryptocurrencies that aim to solve real-world problems or facilitate legitimate economic activities.

The conversion of TRX to USDT itself, as a simple exchange of one digital asset for another, is generally permissible, provided it’s not part of a larger impermissible activity like Riba or gambling.

Frequently Asked Questions

Is it possible to convert TRX to USDT directly on Revolut?

No, it is not possible to convert TRX to USDT directly on Revolut.

Revolut does not support Tron TRX cryptocurrency, nor does it allow withdrawals of any cryptocurrencies to external wallets, which is necessary for this type of conversion.

What cryptocurrencies does Revolut support?

Revolut primarily supports major cryptocurrencies such as Bitcoin BTC, Ethereum ETH, Litecoin LTC, and Bitcoin Cash BCH. Their crypto offerings are limited compared to dedicated cryptocurrency exchanges.

Can I withdraw cryptocurrency from Revolut to an external wallet?

No, Revolut’s cryptocurrency service is custodial, meaning you cannot withdraw any of the cryptocurrencies you buy on their platform to an external wallet or another exchange. How to convert from Solana to usdt on bybit

You can only sell them back to fiat currency within Revolut.

What is the best way to convert TRX to USDT?

The best way to convert TRX to USDT is by using a reputable external cryptocurrency exchange that supports both TRX and USDT, such as Binance, KuCoin, Gate.io, or Kraken.

What is a reputable external exchange for crypto conversions?

Reputable external exchanges for crypto conversions are platforms like Binance, KuCoin, Gate.io, and Kraken.

When choosing one, prioritize security features 2FA, cold storage, competitive fees, and a clear stance against illicit activities.

Do I need to complete KYC to convert TRX to USDT on an exchange?

Yes, most legitimate and regulated cryptocurrency exchanges require you to complete KYC Know Your Customer verification to deposit, trade, and withdraw funds.

This is a standard measure to prevent financial fraud and adhere to regulatory compliance.

How do I deposit TRX to an exchange?

To deposit TRX to an exchange, you need to navigate to your wallet/deposit section on the exchange, find “TRX,” select the TRC-20 network, copy the unique deposit address, and then send your TRX from your current wallet to that address.

What is the TRC-20 network for USDT?

The TRC-20 network is a standard for tokens issued on the Tron blockchain.

It is highly recommended for USDT transfers due to its very low transaction fees often less than $1 and fast confirmation times compared to other networks like ERC-20. How to transfer Solana to another wallet on cash app

What is the difference between TRC-20 USDT and ERC-20 USDT?

The main difference between TRC-20 USDT and ERC-20 USDT lies in the blockchain network they operate on.

TRC-20 USDT uses the Tron network lower fees, faster, while ERC-20 USDT uses the Ethereum network higher fees, potentially slower during congestion.

Can I send TRC-20 USDT to an ERC-20 USDT address?

No, you absolutely cannot send TRC-20 USDT to an ERC-20 USDT address, and vice-versa.

Sending cryptocurrency on the wrong network to an unsupported address will result in the permanent loss of your funds.

Always ensure the sending and receiving networks match.

How long does it take for TRX to be deposited to an exchange?

TRX deposits to an exchange typically take only a few minutes to be confirmed, as the Tron network is known for its high transaction speed and low fees.

The exact time depends on network congestion and the exchange’s required confirmations.

What are the fees for converting TRX to USDT on an exchange?

Fees for converting TRX to USDT on an exchange typically include trading fees taker/maker fees charged by the exchange for executing the trade, which are usually a small percentage of the transaction volume e.g., 0.1% to 0.5%.

Are there any withdrawal fees for USDT from an exchange?

Yes, there are withdrawal fees for USDT from an exchange.

These fees vary by exchange and by the network you choose for withdrawal. How to convert Solana to aud

TRC-20 USDT withdrawal fees are generally very low often 1 USDT or less, while ERC-20 fees can be significantly higher.

Is holding cryptocurrency permissible in Islam?

The permissibility of holding cryptocurrency in Islam is a subject of ongoing scholarly debate.

Generally, holding cryptocurrency for its utility or long-term value appreciation, without engaging in interest-based Riba activities or excessive gambling Maysir, is considered by many scholars to be permissible.

Should I avoid interest-based Riba activities with my USDT?

Yes, as a Muslim, you should absolutely avoid interest-based Riba activities with your USDT or any other asset.

This includes lending your USDT for fixed interest returns, participating in yield farming that resembles Riba, or using centralized exchange “earn” products that offer interest.

What are alternatives to Riba-based crypto activities?

Alternatives to Riba-based crypto activities include simple spot trading buying/selling, holding cryptocurrencies for long-term appreciation based on fundamental analysis, using crypto for legitimate goods/services, and exploring Sharia-compliant projects.

What is a “Market Order” when converting TRX to USDT?

A “Market Order” is a type of trade order that executes immediately at the best available current market price.

It’s used when you want to convert your TRX to USDT quickly, without waiting for a specific price.

What is a “Limit Order” when converting TRX to USDT?

A “Limit Order” is a type of trade order that allows you to set a specific price at which you want to sell your TRX.

Your order will only be executed if the market price reaches your specified limit, giving you more control over the exchange rate. How to convert dogecoin to Solana on robinhood

How can I secure my USDT after converting it?

After converting your TRX to USDT, you can secure it by withdrawing it to a personal self-custody wallet, such as a hardware wallet e.g., Ledger, Trezor for maximum security, or a reputable software wallet e.g., Trust Wallet, TronLink where you control the private keys.

Why is Revolut not a good choice for active crypto trading or broad asset management?

Revolut is not ideal for active crypto trading or broad asset management because of its limited cryptocurrency offerings, its custodial nature which prevents withdrawals to external wallets, and the absence of advanced trading features or support for a wide range of altcoins like TRX.

It’s more suited for basic fiat-to-crypto exposure.

How to convert TRX to usdt on revolut