Asking BITNAVI | How to Receive USDT and How to Choose an Offshore FX Cashback Site

BITNAVI is an information site that focuses on overseas cryptocurrencies and overseas crypto exchanges. For offshore FX, we also run a media outlet called “Kaigai FX Navi.” In addition, we offer crypto news, a price checker and a community message board, so that everything from doing your research to discussing it with others can be done on a single site.

The site is run with our Editor-in-Chief, Satoshi Nakamoto, at its center. Nakamoto has more than five years of experience trading crypto FX. The editorial team also includes members who have traded on exchanges in Japan and abroad, as well as members who have worked at overseas exchanges.

Delivering overseas information in a form that Japanese readers can use as it is. Overseas exchanges and brokers often have terms available only in English, and their conditions change frequently. We keep following the latest information and try to provide both explanations for beginners and analysis for advanced users.

The most important thing is to always match the network. USDT runs on multiple networks, such as TRC20 and ERC20. If the sending side and the receiving side use different networks, it may become impossible to recover the USDT that was sent. Always enter the receiving address by copy and paste. When receiving a transfer for the first time, it can also help to do one test with a small amount.

If you plan to convert it to Japanese yen, receiving it in an exchange account is the easy option. However, the networks supported differ from exchange to exchange. Be sure to check in advance whether you can deposit USDT on TRC20. If you plan to hold the USDT you receive for a long time, another option is to move it to a wallet where you manage the private keys yourself. In that case, the basic premise is that you never share your private keys or recovery phrase with anyone and store them offline.

Don’t rely on just one exchange or one transfer route. Any exchange you use could end its services. If you have several places to receive funds ready, you can respond even to sudden changes. Please make a habit of checking changes to terms and transfer rules in official announcements. It is also important not to make judgments based only on rumors on social media.

Don’t choose based only on the rebate rate figure. We look at whether the operating company and its location are disclosed, whether the rebate mechanism is explained, and whether the withdrawal methods and conditions are clear. Because no license is required to operate a cashback site, transparency of operation becomes all the more important as a basis for judgment.

I think disclosing the source of the rebate and the percentage makes things easy for users to understand. A display like “$X per lot” alone doesn’t tell you how much the site itself is receiving. Sending payments in USDT, with the TxID verifiable on the blockchain, is also a reasonable method from the perspective of a crypto media outlet. On the other hand, it can be a hurdle for people used to bank transfers, so I think it is important to keep providing careful guidance on how to receive USDT.

Our policy is not to change an article’s conclusions based on whether a partnership exists. We publish not only the good points but also the caveats and risks as they are. In interview articles, explanations from a broker are presented strictly as what its representative said.

We will continue to deliver the latest information on overseas cryptocurrencies and offshore FX to Japanese readers in an easy-to-understand way. We also want to strengthen community features such as the message board and expand the space where readers can exchange information with one another. Depositing and withdrawing with cryptocurrency is by no means difficult once you understand how it works. Take your time, start with small amounts, and find the way of receiving funds that suits you.