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 FTX.

While you can't deposit USD directly into the USD wallet in your FTX portfolio in Exodus, you can deposit USD in 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).

Please note: 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?

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

2
Go to your USD wallet, then click on Deposit.

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

Please note: Only stablecoins on the Ethereum network can be sent to this address.


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

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

2
Go to your USD wallet, then click on Withdraw.

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

Please note: USDC can only be withdrawn on the Ethereum network.