How do I use the USD wallet in the FTX Exchange app?

Everything you need to know about the USD wallet in your FTX portfolio in Exodus!


In this article:


What is the USD wallet in my FTX portfolio?

The USD wallet in your FTX portfolio in Exodus will display any US dollars (USD) that you hold in your FTX account in the FTX Exchange app.

While you can't deposit USD directly into the USD wallet in your FTX portfolio in Exodus, you can deposit USD into FTX and it will reflect in the "USD" wallet in your FTX portfolio in Exodus.

USD and all supported stablecoins except Tether (USDT) are fungible in FTX. This means they are interchangeable and you can deposit any stablecoins supported by FTX to the "USD" wallet, such as USDC, BUSD, USDP, TUSD, and HUSD. If you deposit any of these stablecoins, they will be displayed in the USD wallet as "USD" in your FTX portfolio. You can also withdraw them as USD from FTX directly.

It is important to note that while you can deposit any stablecoins supported by FTX into the USD wallet in your FTX portfolio, in Exodus you can only withdraw USDC from the FTX Exchange app.

If you want to withdraw USD to your bank account, or withdraw a stablecoin that is not USDC, you can do so directly on FTX (US | International).

There is a separate Tether (USDT) wallet in your FTX portfolio. USDT does not count towards your “USD” balance.


How do I deposit stablecoins into the USD wallet in my FTX portfolio?

Desktop

1
In Exodus, a) select the FTX portfolio you want to deposit USDC, BUSD, USDP, TUSD, or HUSD in, then b) click on the Wallet icon.

2
a) Go to your USD wallet, b) select the network that you will use to deposit the stablecoins, then c) click on Deposit.

Only stablecoins on the Solana and Ethereum networks can be sent to your USD wallet.

3
You will now be shown your address and QR code.

Mobile

1
Open Exodus and a) tap on the Wallet icon. Then b) tap on the P ortfolio icon.
2
Select the FTX portfolio you want to deposit USDC, BUSD, USDP, TUSD, or HUSD in.
3
Tap on your USD wallet.
4
In your USD wallet, tap on the receive icon.
5
Select the network that you will use to deposit the stablecoins.

Only stablecoins on the Solana and Ethereum networks can be sent to your USD wallet.

6
You will now be shown your address and QR code.

How do I withdraw USD Coin (USDC) from the USD wallet in my FTX portfolio?

Desktop

1
In Exodus, a) select the FTX portfolio you want to withdraw USDC from, then b) click on the Wallet icon.

2
a) Go to your USD wallet, b) select the network you want to withdraw the stablecoins on, then c) click Withdraw.

USDC can only be withdrawn on the Solana and Ethereum networks.

3
a) Enter a USDC address, select the amount, then b) click Withdraw.

Mobile

1

Open Exodus and a) tap on the Wallet icon. Then b) tap on the Portfolio icon.

2
Select the FTX portfolio you want to withdraw USDC from.
3
Tap on your USD wallet.
4
In your USD wallet, tap on the send icon.
5
Select the network that you will use to withdraw USDC.

USDC can only be withdrawn on the Solana and Ethereum networks.

6
a) Enter the amount, b) enter a USDC address, then c) tap Withdraw.
7
On the confirmation screen, please double-check the details and then Slide to Transfer to complete the transaction. Your funds will arrive once the transaction is confirmed on the blockchain.

Sending USDC from FTX will create a blockchain transaction. Almost all transactions will incur a network fee. Before withdrawing you can view the fees under Network Fee.

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