Do we need Algo token on algo wallet to withdraw

Question

Algorand

Hu Nguy

Do we need Algo token on algo wallet to withdraw

usdt/usdc from exchanges to algo wallet?

#algo #cryptocurrency #english

0

20.11.2022

6 ответов

26 просмотров

Hu Nguy Автор вопроса

Night | Algorand | I will never PM you first
You do need a minimum of 0.1 Algo to received toke...

So I just need at least 0.1 Algo to receive usdt/usdc for the first time. If I withdraw many times but the balance still remain at least 0.1 Algo, it will be able to withdraw next time without depositing more algo to wallet?

0

20.11.2022

Night | Algorand | I will never PM you first

Hu Nguy
So I just need at least 0.1 Algo to receive usdt/u...

If you do 2 different stables, you would need 0.2 Algo minimum.

0

20.11.2022

Night | Algorand | I will never PM you first

And yes, one ASA only require 0.1 Algo. For example, if you only deal with USDT, you can withdraw/deposit as many time as you like with just 0.1 Algo as a minimum inside your wallet. Take note of the gas fees though 🙂

0

20.11.2022

Hu Nguy Автор вопроса

Night | Algorand | I will never PM you first
And yes, one ASA only require 0.1 Algo. For exampl...

Ok that's why I could not withdraw usdt from the exchange because there was no Algo in my Algo wallet

0

20.11.2022

Night | Algorand | I will never PM you first

Hu Nguy
Ok that's why I could not withdraw usdt from the e...

Yup, so send some Algorand over first, I would keep just 1 Algorand just for gas and such to prevent such things from happening in the future 🙂

0

20.11.2022