The Funded Trader has announced an important update regarding its crypto payment method via Migpayments. Effective immediately, USDT (Tether) is no longer supported for transactions through Migpayments. This change will affect traders who rely on USDT for deposits.
Despite this change, The Funded Trader continues to offer other cryptocurrency options for payments. Traders can still use USDC on the Ethereum and Polygon networks, Bitcoin (BTC), and Ethereum (ETH) for funding their accounts. These alternative options ensure that users have flexibility in how they choose to deposit funds, but it’s crucial that traders pay close attention to the network and coin they select when making payments.
Important Crypto Update: The Funded Trader Drops USDT Support
It’s also important to note that ForumPay, another payment service integrated by The Funded Trader, continues to support a wide range of cryptocurrencies, including USDT, USDC, Bitcoin, Ethereum, and other popular coins. ForumPay offers additional flexibility and options for traders looking to fund their accounts through crypto.
The company has issued a strong caution to all traders to double-check their transaction details. Selecting the wrong network or using unsupported coins, like USDT via Migpayments, could lead to irreversible loss of funds. In such cases, The Funded Trader may not be able to recover the incorrectly sent payments, underscoring the importance of accuracy when choosing payment methods and networks.
The update highlights the growing trend of crypto-based payments in trading, while also serving as a reminder of the risks associated with digital transactions. Traders should remain vigilant to ensure they are following the correct procedures to avoid losing funds during the payment process.
About the Firm
The Funded Trader follows the belief that every retail trader deserves an opportunity to raise capital based on their performance and commitment to building their own business. They are searching for passionate and experienced traders who will succeed with the help of their funds by showing skills in various market conditions.
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