How to Swap Tether (USDT) in Trust Wallet

More people are starting to use third-party digital wallets instead of the ones provided by mainstream cryptocurrency exchanges. While most crypto veterans recommend this to newer investors, one thing that people get confused about is that cryptos are built on different blockchain networks. It’s for this reason that sometimes you’ll have difficulties storing and transferring cryptos from different networks on the same wallet.

Why you might have a problem with USDT in TrustWallet

Decentralized exchanges generally are pretty reliable when it comes to swapping cryptocurrencies. However, Trust Wallet users that have been accessing the mobile app have reported some problems when trying to exchange their tokens. In particular, Tether (USDT) has been an issue for some users, although other cryptos have reported problems as well.

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The main issue seems to be that people get an error saying there isn’t enough Ethereum in their account to pay for fees. Even if it’s not Ethereum, you need to have at least some in your wallet to process any transactions, regardless of which particular altcoin you’re using.

Source: Pixabay

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The second issue is that you might have thought you had enough Ethereum, but gas prices jumped, and you didn’t have enough to make the transaction go through. In very specific cases, your transaction could be stuck in a loop where it’s still in limbo, but no one is processing it due to your fees being too low. In this case, you’ll have to cancel your pending transaction in order to see your funds return to your wallet.

A third potential reason is that there are different types of Tether tokens. One is an Ethereum-based token, another is built on the Tron network, and there’s even an EOS-based version of Tether. If you send a specific type of Tether to a wallet that’s incompatible with that blockchain network, you’ll lose your USDT. In other cases, having multiple types of Tether on one wallet can cause issues as well.

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phone price chart and crypto

Source: Getty Images.

It’s worth noting that there are occasional stories of a transaction failing to go through due to gas fees, yet the user still loses the Ethereum gas fee. While this isn’t common, it does happen occasionally. These types of technical glitches happen more often now due to the high volume for crypto transactions. Until Ethereum 2.0 rolls out, occasional problems like these are still going to happen to crypto investors, it’s just a matter of luck whether it happens to you or not.