Are there minimum and maximum deposit amounts for stablecoins?
There’s no maximum deposit. However, the minimum deposit is $5. Deposits less than the minimum can result in a loss of money.
Will there be any fees charged for stablecoin deposits?
We’ll not charge any fees to deposit stablecoins into your USD wallet on CadRemit. Whatever is received is what will be deposited. However, you may have to pay a fee to send the money from your external wallet.
What type of stablecoins can I fund with?
You can fund USDC and USDT.
Will there be any difference in processing time between USDC and USDT?
No. You’ll just need to reach the required number of confirmations.
Will my USD wallet balance reflect instantly after I deposit stablecoins?
Deposits reflect instantly after blockchain confirmation.
Are there any deposit limits for stablecoins?
There’s no deposit limit. However, there’s a minimum deposit.
How secure is the stablecoin funding process on CadRemit?
It’s very secure and safe.
Are there any restrictions on the regions you can send stablecoins from?
You can send the coins from anywhere. But all stablecoin deposits will automatically convert to USD, and there'll
not be a separate stablecoin wallet.
Who can send stablecoin to me?
Anyone can send a stablecoin to you from any network, wallet, or region.
How will failed or incorrect transactions (e.g., wrong network or unsupported coins) be handled?
Deposits to the wrong network or unsupported coins will lead to permanent loss of funds.
How can I deposit stablecoins?
You will have your own unique USDT and USDC address.
Do I need to complete KYC before funding my account with USDT/USDC?
Yes. Before you can transfer USDT or USDC, you’ll need to open a USD wallet on our platform. Creating this wallet includes a quick Know Your Customer (KYC) verification. This step ensures your account is secure and that we comply with regulatory requirements.
Your security is our top priority. All USDT/USDC transactions go through advanced monitoring systems that check for unusual activity. Also, our compliance team will review any flagged transfers to protect you from fraud and keep your funds secure.
What happens if my deposit is flagged for compliance review?
If your deposit is flagged, it will be placed on hold while our compliance team takes a closer look. Sometimes we may ask you to provide a bit more information to complete the review. Once everything is cleared, your funds will be credited to your USD wallet. If there are any issues, we’ll notify you promptly and guide you on the next steps.