For Indian P2P traders one of the most important concepts is USDT settlement. While daily operations happen in INR via UPI the settlement process uses USDT the most popular stablecoin pegged to the US dollar.
Why USDT?
USDT provides a neutral settlement currency. SurfGate uses it so that no matter which country a trader operates from settlement happens in a single stable unit. For Indian traders this avoids INR volatility.
How Settlement Works
At shift end SurfGate calculates your net position. If you received more INR than you sent SurfGate owes you the difference in USDT. If you sent more you owe the difference. Settlement typically happens within a few hours.
USDT Networks
- TRC-20 (Tron): Most widely used low fees fast confirmations
- BEP-20 (BNB Chain): Even lower fees growing in adoption
Always double-check the network before sending your wallet address. Sending TRC-20 to a BEP-20 address can result in permanent loss.
Converting USDT to INR
- Sell on P2P exchanges (Binance KuCoin P2P)
- Transfer to an exchange and withdraw to bank
- Hold as USDT for reinvestment
Common Mistakes
- Sending on the wrong network
- Not verifying the settlement wallet address
- Converting during high volatility without checking rates
- Holding large balances on exchange wallets
Ready to start with USDT settlement?
Contact SurfGate to open your trader dashboard:
Telegram @alison_cortez21